I didn't have time to find the details but seems like some stocks related to diabetes are moving today, LLY and NVO up big while stocks like DXCM and ABT are down
LLY and NVO have the superb weight loss drugs (Monjauro and Ozempic). Those companies need to find a way to keep up with the demand.
Market looking a little weak here, might need a very favorable inflation numbers tomorrow and Friday or we will finally see some short term pullback/correction I believe
Yep looking for the market to head downward this month. e.g. the Fear & Greed Index had been reading "Extreme Greed" for a while, until finally falling from last week. We're heading back to SPX 4350, which honestly is only a little more than 3% away. That's the level in mid-June, when the VIX broke down.
Nice bump this morning, but we just hit the overnight high in /ES for the week. Where do we go from the top of this week's range?
I sold Disney DIS for a 10 bucks gain had to get out. Market looks to correct a bit can't see it going up like this for long.
The action wasn't all that bullish today despite the slightly softer than expected CPI, seems like the days of the market cheering a tame CPI number might be over now since we pretty much ran up non stop on that theme throughout this year The bonds yields spiked in the middle of the day and it put some extra pressure on stocks I assume, we finished in the green but I feel like we will see some short term pullback from here unless we get some sudden good news like a big China stimulus, not calling for a crash though NVDA earnings still 13 days away so we probably can't use AI to pop this market up until then
Chinese Tech Titans Order $5 Billion of Nvidia Chips Amid Trade Fears: Report (businessinsider.com) NVDA earnings will be interesting, looks like China ordering a lot before the ban
I have some DIS shares as well but I am prepared to hold for a long term and have low expectations for near future, this stock is pretty much dead money for awhile unfortunately
Momentum seems to be slowing after a strong year for this market. I don't see a lot of near term catalysts to move this market either sharply higher or lower, I guess the biggest catalysts will be the earnings from the retailers and the NVDA earnings later this month. If NVDA says something like their AI chips demands are going through the roofs then maybe tech stocks can run on AI hype again
Nobody knows exactly what moved the market today but what I potentially see is either the retail sales data sparked the rate hike fears again or the ongoing economic weakness in China. The market ran up hard so I don't see a lot of catalysts to send us sharply higher from here, the only thing I think could spark the rally again is the NVDA earnings next week, maybe tech can lead the market again on AI hype
Fidelity was down today, luckily I have multiple brokerage accounts and could still make some trades especially I wanted to buy a little bit on a red day
Didn't buy anything today waiting for it to go down a bit more. Bought this today that's it. Just bought the PulseWatchPro for 67 bucks. https://offer.kingarner.com/pulsewa...74_262_700005_22_SF/?transaction_id=321709474 Had all the features of an apple watch and more gets texts and phone stuff plus all the health features.
Watching CNBC analysis today got a few picks on bigboard from them. Market correction their talking about kind of jittery on buying anything few days.
Bought General Mills at 71. If your going long this is to buy. Oversold sell what you got and put it in #GIS. I think a Market correction can't touch this stock. It's too oversold.
Maybe we will finally have a little bit of a correction or NVDA will save the market once again next week
Yields continue to push higher Philly FED is just one data but it might be suggesting the manufacturing has actually bottomed, the FED might need to leave rates higher for longer or actually might need to hike 1 or 2 more times than the market currently is expecting. Feeling more bearish than bullish as of now unless we see something really positive from NVDA again next week
Credit card, car loan delinquencies rise above pre-pandemic levels (axios.com) Well it could be a possible warning signs for the consumers
