Nvidia $NVDA and Super Micro $SMCI accounted for more than $4 of every $10 traded among the top 10 most traded companies on Friday.
Source: Bloomberg, Beth Kindig
BREAKING: Super Micro Computer, $SMCI, has now lost one third of its value since the February 16th top.
In less than 2 full trading days, $SMCI has lost ~$20 billion in market cap. Still, the stock is trading at levels seen just 5 trading days ago. Even with the decline since Friday, $SMCI is currently up a massive 160% in 2024. Source: The Kobeissi Letter
On this day in 1959 the Dow Jones closed above 600 points for the first time ever
Source :history
Big Tech Concentration in one chart
The spread of Nasdaq 100 over Nasdaq Composite is near ATH! Source: Bloomberg, HolgerZ
The trend is your friend...
Source: Goldman Sachs, TME
Goldman Lifts S&P 500 Target to 5,200 on Profit Expansion
Goldman now sees the S&P 500 rising to 5,200 by the end of this year, raising his forecast by about 2% from the 5,100 level he predicted in mid-December. The new target implies a 3.9% jump from Friday’s close. Goldman’s 5,200 price target for the S&P 500 in 2024 is now among the highest on Wall Street, joining the ranks of Wall Street bulls. source : gs
Hmmmmm... Observations that provoke thought ?
One of these companies sells chips that power the world and the other sells sweatshirts to teenagers and young adults. source : kofin, tme
According to GS, Index margins excluding “Tech” will only expand modestly in 2024.
source : gs, tme
