Amazon is still trading at a historically high valuation, while AMD and Nvidia are the two most expensive chip stocks around.
The Stock Market Is Moving Back To A Risk-On Mentality The risk-on asset classes had good days, with Biotechs (XBI) up 1.4 percent, Chips (SOXX) up 1.3 percent, and materials (XLB) up about 1.2 percent. Risk-on is what one wants to see start to happen more because it tells us that investors are looking to … Read more
Micron’s Massive Breakout, Plus Skyworks, Lam, Biogen, Alnylam & More The stock market was mixed on Monday, with the S&P 500 finishing the day down slightly. Technology and Biotechnology continue to be the best performing sectors in the market, with the Nasdaq Biotech IBB rising by 40 bps, and the Technology ETF XLK rising by … Read more
Previewing Netflix, GE, Starbucks, Lam, and Intel Upcoming Earnings Results This week will feature earnings from some big companies such as Netflix, Starbucks, Verizon, GE, Lam Research, Celgene, Intel, and Caterpillar. Below is a chart of the major companies slated to report this week, I have compiled, along with the latest estimates, using Ycharts. In this … Read more
Biotech Stocks Monster Bounce Back, Plus Micron, Lam, Rates, and Oil If you aren’t investing in Biotech, then you aren’t living. Yesterday, biotech stocks were getting smashed, and today was like yesterday never happened. Today the S&P SPDR Biotech ETF (XBI) climbed by over 2.5 percent, and the NASDAQ Biotech ETF rose by nearly 2 … Read more