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Stock Market Today: April 29th - May 3rd, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Apr 26, 2019.

  1. OldFart

    OldFart Well-Known Member

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    financial stocks leading the charge for now
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Finally :D
     
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  3. Jrich

    Jrich Well-Known Member

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    In order of relative strength (28 day period), telecom and tech are still leading the pack... financials (FNCL) have made a nice run up from the bottom tho!

    Screenshot_20190429-124900.jpg
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    We're at a funny time where the market is breaking out, and the stocks with the best by-the-numbers P/E ratios are biotechs.
     
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  5. bigbear0083

    bigbear0083 Content Manager
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    man this is one of the busiest weeks of the year...not just for earnings, but also econ. reports :eek:

    [​IMG]

    also busy week for global cb's this week as well

    [​IMG]
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Healthcare stocks have seriously underperformed lately due to the Medicare for All fears :p
     
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  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

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  8. bigbear0083

    bigbear0083 Content Manager
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  9. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Interesting to see the VIX climing with the S&P - Might be something to watch.
     
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  10. T0rm3nted

    T0rm3nted Moderator
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    Yeah, that's one sector I'd be scared to get in closer to 2020 election, especially if a progressive democrat ends up being the Democratic nominee (i.e. Bernie Sanders, Elizabeth Warren). Until then though, I don't know why they'd underperform.
     
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  11. Jrich

    Jrich Well-Known Member

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    Honestly id be afraid to own any stocks at all if either of those two seduced enough voters to gain power.... thank god our founders took every effort to avoid a pure democracy
     
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  12. T0rm3nted

    T0rm3nted Moderator
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    I'll have to step out of this conversation here since we're apparently on opposite ends of the spectrum ;)
     
  13. 4revR - Taken

    4revR - Taken Member

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    Picked up shares of Wells Fargo today. Looking forward to the dividend payout in June 2019.
    Anyone else has WFC on their watchlist?
     
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  14. bigbear0083

    bigbear0083 Content Manager
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  15. bigbear0083

    bigbear0083 Content Manager
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    Last Trading Day of April Soft: DJIA Down 15 of Last 21
    [​IMG]
    Over the past 21 years the last trading day in February has been rough on the bulls. DJIA, S&P 500, NASDAQ, Russell 1000 and Russell 2000 have all declined more frequently than advanced with all five indices down the last four in a row. Average and median performance on the day has been negative across the board. Excluding NASDAQ, the worst loss exceeds the best gain. Large caps have been hit the hardest with DJIA leading the losers down 15 of the last 21 years. Last minute profit taking before the end of the month is one possible explanation for this weakness.
     
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  16. OldFart

    OldFart Well-Known Member

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    venezuela coup in progress....not sure if the markets will react at all...stay on your toes
     
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  17. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Any news in Venezuela? The other day I was hearing that Russia was providing troops to Maduro, and China was helping to prop up their government, in the sense that they were buying oil from Venezuela. And the opposition to Maduro is being publicly supported by the US. We got ourselves a good ol' proxy war?
     
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  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market remains pretty resilient :eek: Seems like the Chicago PMI wasn’t good this morning but pending home sales was good, so mixed economic data :p Let’s see how AAPL does after the bell, I guess the iPhone weakness in China probably will remain for AAPL since a lot of Chinese could opt for the cheaper Chinese brand like Huawei instead, but maybe the growth in services could offset the iPhone weakness :p
     
    #38 stock1234, Apr 30, 2019
    Last edited: Apr 30, 2019
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  19. StockJock-e

    StockJock-e Brew Master
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    There are some seriously quality Chinese phones hitting the market, but Apple as a brand is still top dog.

    The new One Plus 7 phone is absolutely amazing.
     
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  20. StockJock-e

    StockJock-e Brew Master
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    Still in flux, what ever is happening does not look good!
     
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