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

[behappyalways]

It seems like we may be seeing the beginning of a rotation into the lesser loved parts of the S&P 500
https://x.com/Mayhem4Markets/status/1817549016889991310


What if the pair trade for the rest of the year is long S&P 500 equal weight (or $RSP) and short the NASDAQ 100 (or $QQQ)?
https://x.com/Mayhem4Markets/status/1817549443815621028

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Brown & Brown (BRO)... insurance
Equifax (EFX)... credit reports
AbbVie (ABBV)... pharmaceuticals
Novartis (NVS)... pharmaceuticals
AstraZeneca (AZN)... pharmaceuticals
McKesson (MCK)... health care giant
Quest Diagnostics (DGX)... medical data
Labcorp (LH)... medical testing
Hologic (HOLX)... medical devices
GoDaddy (GDDY)... website hosting
American Tower (AMT)... communications REIT
Imax (IMAX)... movie theaters
Coca-Cola (KO)... soft drinks
Keurig Dr Pepper (KDP)... soft drinks
Campbell Soup (CPB)... soups and sauces
Colgate-Palmolive (CL)... household goods
Duke Energy (DUK)... utilities
Consolidated Edison (ED)... utilities
Fortis (FTS)... utilities

NEW LOWS OF NOTE LAST WEEK

Intel (INTC)... chipmaker
STMicroelectronics (STM)... chipmaker
Weibo (WB)... Chinese smartphones
Atlassian (TEAM)... collaboration software
Lululemon Athletica (LULU)... athleisure
Dollar Tree (DLTR)... discount retail
Avis Budget (CAR)... rental cars
American Airlines (AAL)... airline
ConocoPhillips (COP)... oil and gas
Halliburton (HAL)... oil services
Nutrien (NTR)... fertilizer

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Fair Isaac (FICO)... credit-score analytics
CBOE Global Markets (CBOE)... exchange operator
Intercontinental Exchange (ICE)... exchange operator
MercadoLibre (MELI)... "Latin America's Amazon"
GoDaddy (GDDY)... website hosting
Fox (FOX)... mass media
Realty Income (O)... retail REIT
American Homes 4 Rent (AMH)... single-family home REIT
Welltower (WELL)... health care REIT
Ventas (VTR)... health care REIT
Planet Fitness (PLNT)... gyms
Procter & Gamble (PG)... consumer goods
Pilgrim's Pride (PPC)... poultry
Amcor (AMCR)... packaging
T-Mobile (TMUS)... telecom
Motorola Solutions (MSI)... telecom
Fortis (FTS)... utilities
Enbridge (ENB)... pipelines
Viper Energy (VNOM)... oil and gas

NEW LOWS OF NOTE LAST WEEK

Intel (INTC)... chipmaker
STMicroelectronics (STM)... chipmaker
Bloomin' Brands (BLMN)... casual-dining restaurants
Dollar Tree (DLTR)... discount retail
Etsy (ETSY)... online marketplace
Tripadvisor (TRIP)... online travel booking
Marriott Vacations Worldwide (VAC)... timeshares
Goodyear Tire & Rubber (GT)... tires
Rogers (ROG)... engineered materials
Hillenbrand (HI)... industrial equipment
Nutrien (NTR)... fertilizer
Albemarle (ALB)... chemicals

Source: Daily Wealth

[winston]

Market Notes

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Erie Indemnity (ERIE)... insurance
Novartis (NVS)... pharmaceuticals
Regeneron Pharmaceuticals (REGN)... biotechnology
Intuitive Surgical (ISRG)... medical technology
Fortinet (FTNT)... cybersecurity
Palantir Technologies (PLTR)... data and software
Fiserv (FI)... digital payments
Sea Limited (SE)... Singaporean tech giant
MercadoLibre (MELI)... "Latin America's Amazon"
GoDaddy (GDDY)... website hosting
Carvana (CVNA)... online used cars
Sweetgreen (SG)... fast-casual dining
Cava (CAVA)... restaurants
Hanesbrands (HBI)... apparel
Seabridge Gold (SA)... gold
Barrick Gold (GOLD)... gold
Alamos Gold (AGI)... gold
Agnico Eagle Mines (AEM)... gold
Targa Resources (TRGP)... natural gas
Fortis (FTS)... utilities

NEW LOWS OF NOTE LAST WEEK

Not many... It's a bull market, you know!

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

AstraZeneca (AZN)... pharmaceuticals
Novartis (NVS)... pharmaceuticals
Quest Diagnostics (DGX)... medical data
Koninklijke Philips (PHG)... medical technology
Aflac (AFL)... insurance
Moody's (MCO)... credit-ratings firm
TransUnion (TRU)... credit reports
Automatic Data Processing (ADP)... payroll giant
Iron Mountain (IRM)... data-storage REIT
International Paper (IP)... paper
Sherwin-Williams (SHW)... paint
Ferrari (RACE)... luxury cars
d**k's Sporting Goods (DKS)... sporting goods
Walmart (WMT)... "World Dominator" of discount retail
Simon Property Group (SPG)... shopping centers
Philip Morris International (PM)... cigarettes and alternatives
Extra Space Storage (EXR)... self-storage
Public Storage (PSA)... self-storage
Packaging Corporation of America (PKG)... packaging
Waste Connections (WCN)... trash and recycling
PPL (PPL)... natural gas

NEW LOWS OF NOTE LAST WEEK

Not many... It's a bull market, you know!

Source: Daily Wealth

[behappyalways]

Defence???


Which US Industries Spend The Most On Lobbying?
https://www.zerohedge.com/political/whi ... t-lobbying

[behappyalways]

Spot the odd one out
https://x.com/zerohedge/status/1830400374089400826

[winston]

History Shows That The Nasdaq Should Move Higher From Here

by Brett Eversole

The “easy ride” might be over for now. But if you got out of the market in July, don’t make matters worse by repeating that mistake today…

History shows that the Nasdaq should move higher. And the largest gains will likely happen in the next few months.

Source: Daily Wealth

https://tradesoftheday.com/2024/09/06/h ... from-here/

[behappyalways]

Dell and Palantir to join S&P 500; shares of both jump
https://www.cnbc.com/2024/09/06/dell-an ... -jump.html

[winston]

Nine reasons stocks tanked to start September

1. Data wasn't great, with all three key components of ISM manufacturing remaining in contraction territory and construction spending coming in negative. "Bad is bad."

2. Liquidity isn't great with Nasdaq 100 futures essentially at year-to-date lows.

3. Reversion after ripping into the month-end close on Friday. The S&P 500 (SP500) (NYSEARCA:SPY) (IVV) (VOO) has its third-worst day of the year and they have all come since July.

4. Paper paranoia? "We expect ~5B of paper to hit in the upcoming week. We counted $3.2B after the close (Tuesday)."

5. Commodity Trading Advisors, which trade stock futures and derivatives, are "flipping back to the sell side."

6. The yen (USD:JPY) carry trade may not be done.

7. Buybacks slowing down with the next blackout window estimated to begin on Sept. 13.

8. Investors taking the money and running on chips. This is due to residual earnings-related supply in Nvidia (NVDA), negative seasonality for semis (lower every September since 2020), reports that OpenAI is developing new in-house chips and

9. Re-shuffling of books "ahead of a busier stretch of micro data points:" with Broadcom (AVGO) earnings coming and Citi's TMT conference starting

Source: Seeking Alpha

https://seekingalpha.com/news/4146641-n ... e=hs_email