US - Market Strategy 02 (Feb 22 - Dec 23)

[behappyalways]

The percentage of stocks in the NASDAQ currently trading above their respective 200 day moving averages plummeted last month, and now sits at 36.39%.

Breadth has only worsened, and never took out the year's peak.

New bull market?

You sure?
https://twitter.com/leadlagreport/statu ... 5815394748

[behappyalways]

The Forward P/E for the $SPX is still higher than the 25-year average
https://twitter.com/AyeshaTariq/status/ ... 1215956430


This divergence between (inverted) real yields and forward PE is likely to be reconciled one way or the other.

Either real yields need to come down or stock valuations may.
https://twitter.com/Mayhem4Markets/stat ... 8475844041

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Alphabet (GOOGL)... tech "World Dominator"
Nvidia (NVDA)... chip giant
Cisco Systems (CSCO)... Internet "plumber"
Adobe (ADBE)... cloud services
Workday (WDAY)... cloud-based software
Splunk (SPLK)... cybersecurity
Intuit (INTU)... tax-prep software
Visa (V)... payment-processing giant
Brown & Brown (BRO)... insurance
Walmart (WMT)... "World Dominator" of discount retail
Ollie's Bargain Outlet (OLLI)... discount retailer
Sprouts Farmers Market (SFM)... grocery stores
Yeti (YETI)... outdoor products
Targa Resources (TRGP)... natural gas
Cameco (CCJ)... uranium


NEW LOWS OF NOTE LAST WEEK

Chewy (CHWY)... pet products
JetBlue Airways (JBLU)... airline

Source: Daily Wealth

[behappyalways]

The S&P 500 equity risk premium is at lows we haven't seen in over two decades
https://twitter.com/Mayhem4Markets/stat ... 6827022424

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Blackstone (BX)... asset management
Ryan Specialty (RYAN)... insurance services
Intuit (INTU)... tax-prep software
Adobe (ADBE)... cloud services
Workday (WDAY)... cloud-based software
Intel (INTC)... chipmaker
Dell Technologies (DELL)... laptops and PCs
Eli Lilly (LLY)... pharmaceuticals
Reata Pharmaceuticals (RETA)... biopharmaceuticals
Walmart (WMT)... "World Dominator" of discount retail
Toyota Motor (TM)... automaker
Honda Motor (HMC)... automaker
Comfort Systems USA (FIX)... plumbing and electrical
Eaton (ETN)... power management
Constellation Energy (CEG)... utilities
Cameco (CCJ)... uranium
SLB (SLB)... oil and gas
Marathon Petroleum (MPC)... oil and gas
Phillips 66 (PSX)... oil and gas

NEW LOWS OF NOTE LAST WEEK
L3Harris Technologies (LHX)... "offense" contractor
Disney (DIS)... streaming and entertainment
Sysco (SYY)... food products
Hormel Foods (HRL)... food products
Conagra (CAG)... packaged foods
General Mills (GIS)... packaged foods
Kellogg (K)... snacks and cereal
Walgreens Boots Alliance (WBA)... retail pharmacy
Pfizer (PFE)... pharmaceuticals
ResMed (RMD)... medical devices
Dominion Energy (D)... utilities

Source: Daily Wealth

[behappyalways]

Stonks once again in dreamland
https://twitter.com/zerohedge/status/17 ... 2357815725

[winston]

Bank of America sees a recovery; here are the firm's top stock picks on the theme

by DAN WEIL

American Airlines (AAL)
Bath & Body Works (BBWI)
Ford Motor (F)
Fox (FOXA)
Hewlett Packard Enterprise (HPE)
Marathon Oil (MRO)
Molson Coors Beverage (TAP)
MGM Resorts (MGM)
Ralph Lauren (RL)
Whirlpool (WHR)

Source: The Street

https://www.thestreet.com/stocks/top-st ... he%2Btheme

[behappyalways]

Retail stocks since Aug 1
https://twitter.com/JaguarAnalytics/sta ... 1838380088


Retail net buying of AI stocks has dropped to lows we haven't seen since March
https://twitter.com/Mayhem4Markets/stat ... 6097247368

[behappyalways]

Semiconductors
https://twitter.com/mikepsilva/status/1 ... 9707630793

[behappyalways]

Barbarians at the gates...

https://twitter.com/GarethSoloway/statu ... 1359114512