Market Recap - July 24- 28, 2023

 July 27, 2023

The US stock market sold off today in the late afternoon session, as most of the stock has been priced in perfection heading into the earnings report.

Earnings Mover;

July 26, 2023

The earnings season continues to dominate the market.  The Federal Reserve announces the expected another .25bps rate hike.  

Earnings Mover:

GOOGL Q2'23 earnings reaction

SNAP  Q2 earnings reaction

July 28, 2023

Earnings mover:

Biotech Acquisition:

Reta to be acquired https://investors.biogen.com/news-releases/news-release-details/biogen-acquire-reata-pharmaceuticals 

Market Recap - July 17-21, 2023

July 20, 2023

The US equities and major benchmarks took a nose dive today following TSLA -9.74% and NFLX -8.41% earnings result.

July 19, 2023

It is another 52 weeks of high performance for the US major benchmarks/ETFs.

• SPY +.22%  DIA +.32%  QQQ -.02%

The earnings season continues to heat up, and the behemoth Investment bank Goldman Sachs reported earnings GS +.97% GS Q2 '23 earnings report

CVNA +40.20% - top earnings performer CVNA earnings report

July 18, 2023

It is another 52-week high for the QQQ & S&P 500.  The technology sector continues to be the top performer in US equities.  The earnings season has begun, starting with the big banks, JPM & MS reported stellar quarterly earnings with a solid projection for the year.

• SPY +.20%  QQQ +.82%  DIA +1.08% 

Day 1 breakout for the Industrial etf.

Market Recap - July 10-14, 2023

July 11, 2023

The US stock market rallies on the second consecutive day following last week- 3-day  streak of losses.

• DIA  +.90%  SPY  +.64%  QQQ  +.49%

The financials & energy sector continues to lag compared to the Technology sector and Consumer discretionary.

Today Bull Movers:

• RH +5.30%  COIN +9.78%    Z +9.12%
• GNRC +4.52%    MMM +4.87%     RBLX +4.83%  
• MELI +3.17%   RIOT +3.86%    W +3.88%    PXD +3.40%    QS +3.57%  

Today Bear Movers:

• CMG -1.90%   CSIQ -2.79%   JKS -2.36%    LLY -3.04%

  July 10, 2023

The US stock market bounced from last week's 3-day streak of losses.

• DIA +.64%  QQQ  +.03%  SPY +.25%

There are other sectors that are breaking out other than technology stocks.  The furniture names - RH, WSM, & W.

The Crypto mining/ Blockchain/ and, the stock that has exposure to Cryptos are outperforming as well - COIN, RIOT, MARA, & MSTR

The EV makers are outperforming the market following record-high sales from BYD.

-RIVN, NIO, LI, BYD & TSLA.  The battery maker is breaking out as well.