Prev Close | 11.84 |
Day Low/High | 11.15 / 11.60 |
52 Wk Low/High | 8.86 / 33.97 |
Prev Close | 11.84 |
Day Low/High | 11.15 / 11.60 |
52 Wk Low/High | 8.86 / 33.97 |
Exchange | NASDAQ |
Shares Outstanding | 141.74B |
Market Cap | 1.68B |
P/E Ratio | N/A |
Div & Yield | N.A. (N.A) |
We still have this issue with headline risk that is going to make it hard to navigate.
Prices look like they can bounce further to the upside in the short-run but the longer-term picture is problematic.
Yet there's good relative strength in biotech, growth, cannabis, small-caps, and other sectors that have been the biggest laggards.
There is one key area where I'm more inclined to add right now.
High P/E and high-beta names have had no support regardless of fundamentals.
In this market environment, there is nothing wrong with a 'rinse, wash and repeat' trade.
I remain optimistic about stock picking and trading as we head into Thanksgiving week.
I view this market action as quite positive.
I tend to only use this strategy to a great extent when I have a negative or neutral view on the overall market.
My positions change very fast and I'm actively trading all these names.
The process of closing the gap between large-caps and secondary stocks may be starting today.
The move on Thursday wasn't as much a surprise as it would seem, but now we must look to what could happen next.
A number of gambling stocks are up on word that DraftKings plans to buy Golden Nugget Online Gaming.
Here's what to avoid.
There are plenty of small-caps that have finally bounced and are now consolidating.
Much of the action has to do with the disconnect recently between the indices and the vast majority of individual stocks.
We're going to see some random action in front of the weekend.
The end of the quarter means a new round of quarterly reports is near, so it pays to keep an eye on favorite names.
Technology strengthens, while the Dow Jones industrial average and Russell 2000 lag.
The tricky part is that sector strength is shifting fast.
Action like this sometimes leads to a 'don't short a dull market' response.
I don't want to sound negative as it's a major positive that there isn't aggressive downside follow through.
Stocks with good charts, good fundamentals, and good stories are attracting buyers.
I've been very busy making some quick trades.
There's one name I've added to today.
Here are some biotech and gaming names I am watching as these sectors begin to rotate.
Of 56 recent ARKK buys, only two are trading in positive territory Wednesday.
The good news is that this sort of action always eventually leads to great stock picking.