US - Market Strategy 03 (Jan 24 - Dec 26)

[behappyalways]

Is the US stock market expensive? It depends on where you look
https://twitter.com/Mayhem4Markets/stat ... 1768647878

[behappyalways]

These Are The Largest US Corporations By Number Of Employees
https://www.zerohedge.com/markets/these ... -employees

[winston]

Fallout looms for tech

Technology stocks are set to suffer following the US slump of the "Magnificent 7," which lost nearly US$1 trillion (HK$7.8 trillion) in market value last week.

Profits for the seven are forecast to rise 38 percent in the first quarter year on year, dwarfing the overall S&P 500's 2.4 percent anticipated earnings growth,

When excluding Nvidia, the expected net income growth for the group falls to 23 percent, and the AI plans to get squishier.

Beyond the megacaps, over 300 S&P 500 firms are expected to report over the coming two weeks. Earnings are expected to rise 9 percent for the full year, according to LSEG data.

Source: AP

https://www.thestandard.com.hk/section- ... s-for-tech

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Wells Fargo (WFC)... financial services
Elevance Health (ELV)... health insurance
Agnico Eagle Mines (AEM)... gold
Kinross Gold (KGC)... gold
Wheaton Precious Metals (WPM)... precious metals

NEW LOWS OF NOTE LAST WEEK

Boeing (BA)... "offense" contractor
Unity Software (U)... video-game software
VeriSign (VRSN)... domain-name provider
Johnson & Johnson (JNJ)... health titan
Pfizer (PFE)... pharmaceuticals
Gilead Sciences (GILD)... biotechnology
Biogen (BIIB)... biotechnology

Source: Daily Wealth

[winston]

Profit momentum of Big Six tech companies to 'collapse' over 2024, UBS says

By ROSHAN ABRAHAM and SIDDARTH

Profit growth momentum of the so-called Big Six technology stocks could "collapse" over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies.

Growth in earnings per share (EPS) of the "Big 6 TECH+" stocks - Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia - was projected to decline to 15.5% by the first quarter of 2025, from 42.2% estimated for the same period this year.

Rising bond yields, hotter-than-expected recent U.S. economic data and uncertainty around the Federal Reserve's interest rate cut outlook, have also weighed on these high-valuation stocks.

The Big Six firms are currently trading in the range of 21.6-39 times their forward 12-month price-to-earnings (PE) ratio, whereas the benchmark S&P 500 index trades about 25 times.

Source: The Star

https://www.thestar.com.my/tech/tech-ne ... 4-ubs-says

[behappyalways]

The Top 10 companies are now a record 35% of the S&P market cap
https://twitter.com/zerohedge/status/17 ... 8849765846

[behappyalways]

Are The 'Magnificent' Stocks Now Unbeatable?
https://www.zerohedge.com/markets/are-m ... unbeatable

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Curtiss-Wright (CW)... "offense" contractor
Thomson Reuters (TRI)... media, finance, and more
Interactive Brokers (IBKR)... online brokerage
Markel (MKL)... insurance
Welltower (WELL)... health care REIT
Qualcomm (QCOM)... semiconductors
Garmin (GRMN)... GPS and wearables
Procter & Gamble (PG)... consumer goods
Colgate-Palmolive (CL)... household goods
Domino's Pizza (DPZ)... pizza
Sprouts Farmers Market (SFM)... grocery stores
Carvana (CVNA)... online used cars
General Electric (GE)... manufacturing
3M (MMM)... manufacturing
Ryder System (R)... logistics
Duke Energy (DUK)... utilities
Agnico Eagle Mines (AEM)... gold

NEW LOWS OF NOTE LAST WEEK

Bristol-Myers Squibb (BMY)... pharmaceuticals
CVS Health (CVS)... drugstores and vaccines
Walgreens Boots Alliance (WBA)... retail pharmacy
Etsy (ETSY)... online marketplace
VeriSign (VRSN)... domain-name provider
Starbucks (SBUX)... coffee "World Dominator"
Warner Bros. Discovery (WBD)... entertainment

[behappyalways]

US Stock Market Capitalization as % of GDP...
https://twitter.com/charliebilello/stat ... 9725871485

[behappyalways]

Still in fear territory with the market within scratching distance of all-time highs
https://twitter.com/Mayhem4Markets/stat ... 6745692429