The bulls are running WILD pre-market. Thank you Mr Powell...
$DIA +1.18% $SPY +1.61% $QQQ +2.18%
Utilities Destroying Mag 7 in 2024?
Utilities $XLU +27% Amazon $AMZN +21% QQQ +16% Microsoft $MSFT +15% Apple $AAPL +13% Google $GOOGL +13% Tesla $TSLA -9% Source: Lawrence McDonald @Convertbond, Bloomberg
Visa, Mastercard, and American Express' FCF per share and share price over the last decade.
10Y Total Return CAGR: $V Visa: 19.1% $MA Mastercard: 21.4% $AXP American Express: 13.1% Source: @KoyfinCharts
Here’s what you actually buying when you invest $1,000 in a Nasdaq 100 ETF $QQQ:
$AAPL - Apple - $90 $MSFT - Microsoft - $83 $NVDA - Nvidia - $77 $AVGO - Broadcom - $52 $AMZN - Amazon - $51 $META - Meta - $48 $GOOGL - Google - $47 $TSLA - Tesla - $29 Remaining 92 stocks: $523 Source: The Future Investors
IS NVIDIA'S CEO OFF-LOADING HIS SHARES?
The dump took place on September 10th and 11th.Since the start of July, Jensen Huang has sold over 4 million shares worth ~$500 million. Huang still holds ~3.50% of the chipmaker's stock. Source: Global Markets Investor, zerohedge
In case you missed it...
Intel & Amazon just Announced an Extended Multi Year Multi Billion Dollar Partnership. $INTC 📈 was up +10.85% in after hours Source: Trend Spider
Remember when early August the strengthening of the yen and ensuing carry trade unwinding was seen as a huge threat for the equity market?
Fast forward to mid-September: the S&P 500 and USDJPY are taking two opposite directions. The market doesn't seem to care anymore about the yen... Source: Bloomberg, RBC
Is buying the dip still the best strategy? The average return when buying the dip in the S&P 500 varies based on timeframe.
Within 6 months of buying a -10% decline, the average return has been +13% compared to a +4% return when holding stocks through the pullback and recovery. Within 12 months, the "buy the dip" strategy has returned a +22% gain, beating a +5% return with the buy and hold strategy. On the other hand, buying dips over a 5-year period has returned +33%, well below a +75% from simply holding. In other words, buying the dip has been a successful strategy during periods of market volatility.
