994 days ago
23% of the S&P 500 stocks made new highs in the last 2 weeks
Source: Optuma
994 days ago
Global Chip Shortage and how it impacts US automakers
As the economy recovered, the demand for chip manufacturing has greatly increased, straining the global supply chain. Automakers are also suffering from it. In the US, Ford seems to be the biggest victim, along with Stellantis and General Motors. Source: Visual Capitalist
994 days ago
Bed Bath & Beyond shares rallied then eased
Bed Bath & Beyond shares almost quadrupled in the past year, but it seems that the party is winding down. More and more American are returning to work and US retail sales will likely show further decline, which might leave a little room for BB & B to keep rising. They posted first-quarter results on June 30 that were seen as positive and the shares jumped 11% that day as it raised its full-year-outlook. Source: Yahoo Finance, Bloomberg
995 days ago
Only 3 stocks generated 75% of Berkshire Hathaway's profit
Looks like sometimes, concentration is the key to outperformance. Only three stocks in Berkshire Hathaway's holding generated 75% of their gains this year. Apple, Bank of America and American Express are their names, and represent 29.4%, 25.7% and 20.6% of the company's profits, respectively.
995 days ago
Retail flow into US equities and ETFs continues to surge
As Sentiment trader notes, big hedge funds have been going all in just recently as the melt up has forced people to chase this retail crowd market and to do so at any price. Over the past few years, when it has climbed this high, the S&P ended up giving any further gains back, though it took a long time to play out during the momentum market immediately prior to the pandemic crash.
