Nvidia Surprises in Return to China: 8 Key Items Shaping the Stock Market Wednesday
Trump and Canada talk tariff deal, Venezuela oil production and other headlines moving the market this morning.
We’re Tracking 27 Portfolio Signals Across Our Investing Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
Weekly Roundup: An Electric Week for the Market Was Also a Great One for the Portfolio
We added to one holding this week, and locked in outsized gains for two others.
That’s a Wrap!
The major equity indices closed modestly lower on Friday, one day after the S&P 500 notched a fresh record high close. The S&P 500 gave up 0.1% on the session while the Nasdaq Composite lost 0.2%. Six of the 11 S&P sector SPDR ETFs finished higher, led by Energy ($XLE). Healthcare ($XLV) was the weakest of these funds.
Treasury yields shifted higher as bond traders made sales. The U.S. 10-year note paid 4.69% (+4 BPS) by day’s end while the two-year note paid 4.17% (+2 BPS). Stocks started out the day on strength after July U.S. retail sales fell 0.6% month-over-month to $763.6 billion. This was considerably softer than expected and marked the largest one months drop for the series in more than a year.
Sandisk ($SNDK) was the star of the S&P 500, gaining 7.4% on continued strength one day after the firm’s investor day, where management outlined strong long-term growth and margin targets for the business. Applied Materials ($AMAT) at -5.1% for the day was a laggard, but Broadcom ($AVGO) led the way lower at -5.9%.
OK, gang. It’s Friday night. I need a break. I bet you do, too. With a little luck and the blessings of a merciful God, Dougie should be back at the helm on Monday. May all of you have a safe and enjoyable weekend. Sarge out.
Positions: Long SNDK equity.
The Risk We Identified for Applied Materials Has Been Realized, Now What?
We continue to favor the long-term picture, and here is where we may add more shares.
OpenAI’s $40 Billion Revenue Run Rate: 8 Key Items Shaping the Stock Market Friday
Trump ups Iran economic measures, Applied Materials slips and other headlines moving the stock market this morning.
VIDEO: Don’t Chase Applied Materials into Earnings
As the S&P 500 hits record highs, warnings signs are starting to flash.
Anthropic Targets $2 Trillion Record IPO: 8 Key Items Shaping the Stock Market Thursday
Cisco and Cerebras shares fall, Lenovo’s server demand soars and other headlines moving the market today.
Sometimes Bad Is Good, and Sometimes Bad Is Bad
Let’s sort through what those Friday jobs numbers mean for rate-hike chatter, what’s happening (or not happening) on the Strait, and why Trump is in a tough spot.
We’re Tracking 28 Signals Across 10 of the Portfolio’s Strategies
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.