US - Market Strategy 02 (Feb 22 - Dec 24)

[behappyalways]

Outside of $NVDA and $META, the "Mag 7" are rather tame this year, with $TSLA, $AAPL, and $GOOGL struggling.

Leadership is narrowing.
https://twitter.com/Mayhem4Markets/stat ... 7840183801

[behappyalways]

Almost 40% of the Russell 2000 doesn't make any money, according to RBC
https://twitter.com/Mayhem4Markets/stat ... 7933048973

[behappyalways]

Why are we bullish on $XLU here? Look at power consumption forecasts.

In the US we're set to see power demand double over the next 10 years due to data center and manufacturing growth.
https://twitter.com/Mayhem4Markets/stat ... 0475424238

[behappyalways]

The "Buffett Indicator" of US stocks is moving closer to 200%.
Is the market "playing with fire"?
Experts do not think it is overheated.
The current situation of Taiwan stocks is described as "gravity acceleration"

美股"巴菲特指標"向200%靠攏 市場在"玩火"? 專家不認為過熱 以"重力加速度"形容台股現況｜非凡財經新聞｜20240328

https://m.youtube.com/watch?v=w8ZIzcO2sV8

[behappyalways]

Didn't know Nvidia is now cheaper on NTM P/E ratio than two other Mag7 stocks $TSLA $AMZN
https://twitter.com/JackFarley96/status ... 3070876921


Probably not a sign of euphoria
https://twitter.com/Mayhem4Markets/stat ... 8991360496

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Alphabet (GOOGL)... tech "World Dominator"
Amazon (AMZN)... online-retail king
Boston Scientific (BSX)... medical devices
Western Digital (WDC)... hard drives
BJ's Wholesale Club (BJ)... bulk retailer
Pilgrim's Pride (PPC)... poultry
Marriott International (MAR)... hotels
Cummins (CMI)... diesel engines
ExxonMobil (XOM)... oil and gas
Shell (SHEL)... oil and gas
TotalEnergies (TTE)... oil and gas
Occidental Petroleum (OXY)... oil and gas
Viper Energy (VNOM)... oil and gas
Southern Copper (SCCO)... copper
Wheaton Precious Metals (WPM)... precious metals
Teck Resources (TECK)... mining
NRG Energy (NRG)... utilities

NEW LOWS OF NOTE LAST WEEK

Boeing (BA)... "offense" contractor
Gilead Sciences (GILD)... biotechnology
Walgreens Boots Alliance (WBA)... retail pharmacy
Starbucks (SBUX)... coffee "World Dominator"
Charter Communications (CHTR)... cable TV

Source: Daily Wealth

[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