• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Technology

Market Shifting Back to Big Tech

With the resurgent market, traders are moving back into the big tech names such as Apple and Facebook.
By JAMES "REV SHARK" DEPORRE
May 21, 2018 | 11:11 AM EDT
Stocks quotes in this article: IWM, FB, AMZN, AAPL, NFLX, GOOGL, LNG, SBLK

Within the first hour of trading the shallow dip in the indices was bought and the S&P 500 made a higher high. As I suggested in my opening post, we have a rotation back into the bigger cap names. While Russell 2000 ETF (IWM) is up 0.7%, the DJIA is up 1.4% and the S&P 500 is up 0.9%.

Recently the market action has favored stock pickers and speculative trading in groups like biotechnology. This morning we are shifting back to index driven action that favors FAANG names -- Facebook (FB) , Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) and Alphabet (GOOGL) -- and bigger cap semiconductors and technology names.

The big question is whether this action will be sustained. Does putting the China trade war on hold signal that we will see continued momentum? It is too early to say but the fear of being left out is kicking in and we have higher highs intraday. Breadth is running 4700 gainers to 2000 decliners and the number of new highs is up to 375.

A couple names on my radar that are clear beneficiaries of the China deal are Cheniere Energy (LNG) and Starbulk Shipping (SBLK) . LNG runs ports for the shipping of natural gas which is the biggest commodity demanded by China. SBLK is a dry bulk shipper which will benefit from increased shipment of agricultural products from the U.S. SBLK is my Stock of the Week.

I've been heavily trading biotechnology lately and that group seems to be slowing a bit as this rotation takes place. I don't have many new names on my radar yet but they should develop as we see what leadership emerges from here.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Rev Shark was long LNG and SBLK.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long FB, AMZN, AAPL and GOOGL.

TAGS: Investing | U.S. Equity | Healthcare | Technology | China | Markets | Stocks

More from Technology

This Is No Market for Complacent Traders

Helene Meisler
Jan 25, 2021 6:00 AM EST

Let's look at signs of excess in the market and how they compare with past action.

2021 and 2022 Look Difficult for Intel, While 2023 -- Might -- Be Better

Eric Jhonsa
Jan 22, 2021 1:44 PM EST

Competition from AMD and ARM CPU developers looks set to take a toll over the next two years. But Intel could be in better shape in 2023 if its new CEO is ready to make some tough choices.

Intel Disappoints and Its Stock Suffers

Bruce Kamich
Jan 22, 2021 11:45 AM EST

When the chipmaker turns lower you need to get out the way.

Taser Maker Axon Enterprise Is Poised for New Highs

Bruce Kamich
Jan 22, 2021 8:10 AM EST

AAXN has rallied about $50 this month.

Palantir Technologies Looks Toppy and Further Declines Are Possible

Bruce Kamich
Jan 21, 2021 11:06 AM EST

Stand aside from the long side.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:52 AM EST GARY BERMAN

    INDU/DIA 20 DMA

    Fibocall: The DIA has the 20 DMA @ 307.81 and w...
  • 08:04 AM EST GARY BERMAN

    Monday Morning Fibocall for 1/25/2021

    SPX (Long-Term View) The 1/21/21 NEW high @ 3861...
  • 11:01 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    I discuss price targets in my Saturday column.
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login