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

[behappyalways]

Where are stocks headed? On a forward EPS basis, the P/E ratio is down to 17.7x
https://twitter.com/TimmerFidelity/stat ... 5061591330


Today, the Russell 2000 closed below its 2022 low. Its lowest close since November 2020

Think a stock Index with no Magnificent Seven stocks is now 28% lower than its 2021 peak.
https://twitter.com/biancoresearch/stat ... 7127347509


DJIA setting up for a black cross.
https://twitter.com/hmeisler/status/1718251804910145950


A little red meat for the bears today. Long term chart of the SOX.
https://twitter.com/hmeisler/status/1718255198697640264


The overall market cap of the SPX (black) is up 6.74% YTD.
https://twitter.com/biancoresearch/stat ... 7441366198

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Logitech (LOGI)... electronics
Tradeweb Markets (TW)... online trading platform
Stride (LRN)... online education
Sprouts Farmers Market (SFM)... grocery stores
NewMarket (NEU)... chemicals
Frontline (FRO)... oil tankers
Uranium Energy (UEC)... uranium

NEW LOWS OF NOTE LAST WEEK

Goldman Sachs (GS)... financial giant
Bank of America (BAC)... financial giant
Morgan Stanley (MS)... financial giant
Citigroup (C)... financial giant
PayPal (PYPL)... mobile payments
Texas Instruments (TXN)... semiconductors
Danaher (DHR)... science, health, and tech
Biogen (BIIB)... biotechnology
Thermo Fisher Scientific (TMO)... life sciences
Johnson & Johnson (JNJ)... health titan
Bristol-Myers Squibb (BMY)... pharmaceuticals
Moderna (MRNA)... pharmaceuticals
Estée Lauder (EL)... cosmetics
Home Depot (HD)... home-improvement products
Honeywell (HON)... manufacturing
General Motors (GM)... automaker
Norfolk Southern (NSC)... freight giant
United Parcel Service (UPS)... package delivery
Public Storage (PSA)... self-storage REIT

Source: Daily Wealth

[winston]

5 reasons the S&P 500 will rally in year-end and 2024 after entering a correction, Wall Street strategist says

by Matthew Fox

Investors shouldn't give up on the stock market just yet, according to Raymond James.

The investment firm said the 10% correction in the S&P 500 should transform into a year-end rally.

These are the five reasons why Raymond James remains optimistic towards stocks.
1. The end of the Fed's tightening cycle
2. Lower interest rates
3. Solid mega-cap tech earnings
4. Year-end seasonals
5. Bearish sentiment flashes contrarian signal

Source: Business Insider

https://finance.yahoo.com/news/5-reason ... 20595.html

[winston]

Goldman Sachs' 25 'conviction list' stocks to buy

The Boeing Company (BA)AAPL, SO, AMZN, JPM, AIG, BBWI, VRTX, NVDA, WW, CVX, SPG, CTAS, FSLR, RSG, JBHT, WBD, PPG, TEL, MERK, OKTA, QTRX, JEF, FOUR, OWL

By Monica L. Correa

Source: SA News

https://seekingalpha.com/news/4028055-g ... _breakfast

[behappyalways]

Mega caps are outperforming $SPX by the largest amount ever
https://twitter.com/Mayhem4Markets/stat ... 6638439624



The market is now overbought
https://twitter.com/Mayhem4Markets/stat ... 2073724210

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

CBOE Global Markets (CBOE)... trading-exchange operator
Tradeweb Markets (TW)... online trading platform
Aflac (AFL)... insurance
Assurant (AIZ)... insurance
Welltower (WELL)... health care REIT
Logitech (LOGI)... electronics
Garmin (GRMN)... GPS and wearables
Walmart (WMT)... "World Dominator" of discount retail
Deckers Outdoor (DECK)... lifestyle footwear
American Eagle Outfitters (AEO)... apparel
Trane Technologies (TT)... HVAC manufacturer
Linde (LIN)... chemicals
Murphy USA (MUSA)... gas stations
Sunoco (SUN)... fuel distributor
Frontline (FRO)... oil tankers
Antero Midstream (AM)... natural gas
Range Resources (RRC)... fossil fuels
Cameco (CCJ)... uranium
Leonardo DRS (DRS)... "offense" contractor

NEW LOWS OF NOTE LAST WEEK

Agilent Technologies (A)... lab tools
Clorox (CLX)... cleaning supplies
Etsy (ETSY)... online marketplace
Estée Lauder (EL)... cosmetics
Ford Motor (F)... automaker
BorgWarner (BWA)... auto parts
MasTec (MTZ)... infrastructure and engineering
Chevron (CVX)... oil and gas

Source: Daily Wealth

[behappyalways]

Energy has been a better investment than tech since Feb 2020
https://twitter.com/Mayhem4Markets/stat ... 5450604982



Tech relative to S&P 500 has just hit record highs
https://twitter.com/GameofTrades_/statu ... 9981066560


Short interest in the ~Magnificent Seven~ is at an all time low --BofA
https://twitter.com/GunjanJS/status/1722270837674520975

[behappyalways]

The SPX has rallied 6.5% over 8 days, the best rally since 2021.
https://twitter.com/biancoresearch/stat ... 7804216460

[behappyalways]

Tech Rally Sees It Grab An Ever Greater Share Of The S&P 500
https://www.zerohedge.com/markets/tech- ... are-sp-500


The divergence between the S&P 500's forward PE and inverted US 10-year real yields is rather significant
https://twitter.com/Mayhem4Markets/stat ... 4800743446


Shareholder Yield for the Stoxx 600
https://twitter.com/AyeshaTariq/status/ ... 0081214747

[winston]

These Two Index ETFs Are on the Verge of Being “Extremely Undervalued”

by Jody Chudley

Both the S&P MidCap 400 Index and the S&P SmallCap 600 Index are cheap on a forward price-to-earnings basis.

Trading at 12.2 and 11.4 times forward earnings, respectively, both midcap and small cap stocks look very appealing compared with the rest of the market.

Both the SPDR Portfolio S&P 400 Mid Cap ETF (NYSE: SPMD) and the SPDR Portfolio S&P 600 Small Cap ETF (NYSE: SPSM), which track the two indexes shown in the chart above, are on the verge of being “Extremely Undervalued.”

Source: Wealthy Retirement

https://dailytradealert.com/2023/11/14/ ... dervalued/