We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
After weeks of sluggish performances in market indexes — particularly the tech-heavy Nasdaq, which is down more than 10% from record highs set last month — the bulls have once again reclaimed the pre-market. Across the board we’re seeing green: the Dow looks to open up 140 points, the S&P 500 is up 40 points and the Nasdaq trades 300 points higher than it did as of last night’s close.
We’re not seeing new blockbuster economic prints, nor is Q4 earnings season (what’s left of it) particularly compelling. But the big sell-off/rotation into cyclicals from high-valuations previously has at last reached a correction point, which has set traders’ algorithms back into “buy mode.” This is likely an oversimplification; there are plenty of companies expected to bring in much bigger profits as we put the global pandemic behind us, algorithms or not.
Tesla (TSLA - Free Report) has crossed back over $600 per share, up 7% in just today’s early trading session alone. And Cathie Woods, fresh off big losses to her ARK ETF (ARKK - Free Report) portfolios (following the biggest trading success of 2021 so far, not counting GameStop [(GME - Free Report) ]), sounded a positive note on CNBC yesterday” “The bull market is strengthening (and) broadening out,” which will help ARK investors in the longer term.
Tomorrow it is expected the House will pass and President Biden will sign the $1.9 trillion stimulus/relief bill into law, which will jettison tens of billions of dollars of relief to struggling households, small businesses, unemployment relief and Covid vaccine operations. In short, it will change the economic playing field here in the U.S., and effects are likely to be felt immediately. Markets had been pricing this burgeoning recovery into the market, and looks to be doing so again this morning.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Valuations Give Bulls the Green Light
Tuesday, March 9, 2021
After weeks of sluggish performances in market indexes — particularly the tech-heavy Nasdaq, which is down more than 10% from record highs set last month — the bulls have once again reclaimed the pre-market. Across the board we’re seeing green: the Dow looks to open up 140 points, the S&P 500 is up 40 points and the Nasdaq trades 300 points higher than it did as of last night’s close.
We’re not seeing new blockbuster economic prints, nor is Q4 earnings season (what’s left of it) particularly compelling. But the big sell-off/rotation into cyclicals from high-valuations previously has at last reached a correction point, which has set traders’ algorithms back into “buy mode.” This is likely an oversimplification; there are plenty of companies expected to bring in much bigger profits as we put the global pandemic behind us, algorithms or not.
Tesla (TSLA - Free Report) has crossed back over $600 per share, up 7% in just today’s early trading session alone. And Cathie Woods, fresh off big losses to her ARK ETF (ARKK - Free Report) portfolios (following the biggest trading success of 2021 so far, not counting GameStop [(GME - Free Report) ]), sounded a positive note on CNBC yesterday” “The bull market is strengthening (and) broadening out,” which will help ARK investors in the longer term.
Tomorrow it is expected the House will pass and President Biden will sign the $1.9 trillion stimulus/relief bill into law, which will jettison tens of billions of dollars of relief to struggling households, small businesses, unemployment relief and Covid vaccine operations. In short, it will change the economic playing field here in the U.S., and effects are likely to be felt immediately. Markets had been pricing this burgeoning recovery into the market, and looks to be doing so again this morning.
Questions or comments about this article and/or its author? Click here>>
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>