|Day Low/High||165.57 / 169.72|
|52 Wk Low/High||110.28 / 218.46|
One cannot say that the financial marketplace is completely disrespecting or indifferent to what Fed Chair Powell may signal.
The charts and indicators suggest a good bounce to the upside.
Also, the ISM survey results showed us a few trends that at least appear as potential if not troubling question marks on the horizon.
Cheaper software stocks have often sold off lately in tandem with more expensive peers. That arguably creates some opportunities.
Among other things, Intel disclosed weak server CPU sales figures and shared more details about its plans to battle TSMC and Samsung in the foundry market.
Once you recognize that growth versus value is a false dichotomy than we can figure out what's ailing so much of the market.
Tech companies likely to see revenue growth inflect higher could continue doing well, as might relatively inexpensive ones that are poised to continue growing.
This isn't an aggressive trade in my view but I'm not sure I want to be aggressive here.
Among other things, the president works to align Democratic senators to support his massive Covid relief bill.
On the back of several major market indices putting in fresh highs this week, we have a bunch of fresh Buy ratings (and a sell, too): Adobe initiated with a Buy at Goldman; target $580 Intuit resumed with a Neutral at Goldman; target $430 Meritage ...
The hack stands to drive an uptick in corporate and government spending to protect both on-premise and cloud assets.
DocuSign, Lululemon Athletica, Splunk and Walmart are the diverse quartet of stocks that we're tracking.
* A host of companies and industries have benefited from a pull forward in sales Late yesterday Jim "El Capitan" Cramer wrote: "Here Comes the 'Pent-Up Demand' Bull Market" Jim highlighted automobiles, retail and technology, among other industries...
At some point, there will be a fiscal support package passed -- but only when both sides think they can take the credit.
If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.
Shares of he cloud analytics provider are up 130% from their March lows.
It's likely that Powell may try to change the way the Fed targets inflation, and what the public expects going forward.
Overall, the charts and indicators are mixed but the trends are up heading into earnings Wednesday.
Next week is the last full week of August and the start of the last two weeks of the summer given how the Labor Day holiday falls this year. If you were expecting a quiet week on the earnings front, you may not want to read what I have to share next...