The Bulls Are Leaving the Building. That Could Improve the Odds of a Rally.
It’s counterintuitive, but if more people turn bearish, then there is more fuel for a rally as those investors jump back into the market.
Despite Hot PPI, Yields Fall, Sparking Broad Rally Held Back By Tech
Stocks recovered from early losses as Tech bounced and the largest drop in 10- and 30-year yields in over a year saw five sectors gain over 1%.
Setting New Price Targets for Nvidia, S&P 500, Nasdaq Composite
Nvidia, the S&P 500, and the Nasdaq Composite are breaking out in unison.
Bad News Was Good News Friday — for Stocks, Not Bonds
Payrolls missed every estimate, raising bets for an October FOMC hold, and the Nasdaq-100 powered to a record high. But Treasury yields reversed an early drop.
Oil Falls, Jobs Miss and Yields Slip: 8 Key Items Shaping the Stock Market Friday
Anthropic’s IPO timing, Boeing averts strike and other headlines moving the market this morning.
Upside, Downside Movers in the A.M.
Upside
– AMOD +108.5% (closed a bitcoin-funded private placement and regained Nasdaq listing compliance)
– NIVF +40.0% (closed an approximately $1.25M public offering)
– SDEV +36.0% (extends Thursday’s surge in the SKY-token treasury name; no clear fresh company-specific catalyst identified)
– TNMG +20.0% (agreed to sell its Japanese business in a $5.5M management buyout)
– $SYNA +15.0%, ON +8.0% (revised merger makes ON’s acquisition of SYNA an all-cash deal at $123 per share)
– $CYPH +8.5%, $FWDI +6.5%, $MSTR +5.0%, $COIN +1.5% (digital-asset treasury and crypto-linked names rise as Bitcoin and major tokens rally)
– $BETR +7.5% (Cantor Fitzgerald upgrades to Overweight from Neutral)
– $XRPN +7.0% (shareholders approved the proposed business combination with Evernorth)
Downside
– $RZAI -21.0% (extends volatile post-direct-listing selling after Thursday’s 29% drop)
– $NXL -20.0% (gives back part of Thursday’s 76% spike following a 10-year Latin American distribution agreement)
– $STX -11.5%, WDC -7.0% (HDD makers fall after Toshiba outlined plans to double capacity and target sharply higher market share)
– $NKE -9.0% (mixed FQ1 as revenue missed and the FY sales outlook implied a surprise steep decline, alongside job cuts and a business reorganization)
– $FICO -8.5%, $EFX -3.5%, $TRU -2.5% (mortgage-credit names fall on a reported FHFA plan requiring lenders to pull data from two credit bureaus instead of three for GSE loans)
– $ASTS -3.5% (B. Riley downgrades to Neutral from Buy)
Diesel Dilemma, Betting on Banks, Storm Clouds Over Iran?
Let’s check on calls to release diesel reserves, the buildup of troops in the Middle East, crude prices and … why the banks could rally.
Micron Delivers Robust Demand Picture: 8 Key Items Shaping the Stock Market Thursday
Treasury yields move up, oil rises, Nike earnings, and other headlines moving the market this morning.
Cool Inflation Print Overshadowed by Rising Yields as Stocks Stumble Into Quarter-End
A cooler-than-expected core PCE lifted stocks early, but a rebound in yields and a sharp final-hour selloff left the Nasdaq as the lone gainer on the day and month.