tl;dr
Another Wall Street milestone is within grasp as the S&P 500 (SP500) continues to charge higher, powered by a robust earnings season. Corporate profits and upbeat guidance are showing healthy spending patterns among consumers and businesses alike, while AI momentum appears to justify the massive val...
Another Wall Street milestone is within grasp as the S&P 500 (SP500) continues to charge higher, powered by a robust earnings season. Corporate profits and upbeat guidance are showing healthy spending patterns among consumers and businesses alike, while AI momentum appears to justify the massive valuations seen in the tech sector. Coming up... The benchmark S&P 500 Index (SP500) is a whisker a way from the 5,000 milestone after closing at 4,995 on Wednesday and climbing as high as 4,999.89 during the session.
Bigger picture: Despite Fed Chair Jay Powell ruling out a rate cut in March, it's clearly the end of a rate-hiking cycle, unless some incoming economic data throws a curveball at the central bank. Traders continue to celebrate that in style, especially if holding off on policy easing guarantees a significantly softer landing for the U.S. economy. The latest figures have also continued to boost sentiment, with GDP growth expanding at a 3.3% clip in Q4 and another 353K jobs added in January, highlighting the strength of the macro story. "The question for bulls is whether this market continues to be propelled upward by a handful of mega-cap tech names or the rally broadens, and the average stock leads us higher, while the Magnificent 7 tread water from here," notes Lawrence Fuller, Investing Group Leader of The Portfolio Architect. "There should be plenty of opportunities between now and March to position for the next leg up in this bull market."
More about Alphabet Inc Class C
Alphabet Inc Class C is an American multinational conglomerate in the technology and computer programming services sector, with a market cap of $1.8 trillion and a stock price of $25.07. The company has shown a 5.8% increase in revenue and a 24.34% increase in net income. With a market sentiment rating of 159.7 and a volatility index of 0.56, Alphabet Inc Class C is currently experiencing a relatively stable market sentiment with low volatility. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and potential risks or uncertainties should be considered when making investment decisions.
More about Alphabet Inc Class A
Alphabet Inc. Class A is a technology company with a market capitalization of $1.82 trillion and a price-to-earnings ratio of 25.05. The stock has shown a 5.81% year-to-date return, with a current price of $160.97. The Relative Strength Index (RSI) is at 24.34, indicating that the stock may be oversold. The company has a strong revenue of $307.39 billion and a positive earnings per share of $0.56. However, market sentiment is mixed, with a Bollinger Bands indicator of 0.24 suggesting low volatility. The stock is currently trading near its support level, but there is a potential for a bullish trend if it breaks out above the resistance level. Investors should be cautious of potential risks and uncertainties, as past market behavior is not always a reliable indicator of future performance.
More about Amazon.com Inc
Amazon.com Inc is a leading American multinational technology company in the retail-catalog and mail-order industry, with a market capitalization of $1.77 trillion. The stock price has a 52-week high of $189.81 and a low of $50.69, with a current price of $55.78, indicating potential volatility. With a P/E ratio of 58.8, the stock may be considered overvalued. The company's strong focus on e-commerce, cloud computing, and artificial intelligence positions it as a key player in the technology industry. However, the current market sentiment may be cautious, given the potential risks associated with the stock's high valuation and the overall market uncertainty.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. Since January 2021, it has been the world's most valuable company. As of 2021, Apple is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. With a market cap of $2.92 trillion, a P/E ratio of 29.5, and a dividend yield of 0.95%, Apple's stock performance is currently showing a bullish trend. However, with a beta of 1.42, there is some volatility and potential risk associated with the stock. The Relative Strength Index (RSI) of 24.65 indicates that the stock may be oversold, and Bollinger Bands suggest a potential breakout. It is important to consider these technical indicators alongside market sentiment, as the current market sentiment towards Apple is positive, given its strong financials and leading position in the technology industry. It's worth noting that past market behavior is not always a reliable indicator of future performance, so potential risks and uncertainties should be carefully considered.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market cap of $3,076,573,626,000. The stock is currently trading at $419.96 with a 52-week range of $227.58 to $419.96. The stock has shown a 1-year change of 37.44% and a Year-to-date change of 2.86%. Microsoft has a Price/Earnings ratio of 30.61 and a Dividend Yield of 0.363. The company's revenue stands at $227,583,001,000 with a Price to Sales ratio of 11.06 and a Price to Book ratio of 0.332. The market sentiment towards Microsoft Corporation is bullish, with its strong performance and dominant position in the technology industry. However, potential risks and uncertainties should be considered, as past market behavior is not always a reliable indicator of future performance.
More about NVIDIA Corporation
NVIDIA Corporation is a leading American multinational technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market. With a market capitalization of approximately $173.14 billion, the stock is currently trading at $607.78. The stock has shown a 12.74% increase over the past year, indicating a bullish trend. However, the Relative Strength Index (RSI) of 92.6 suggests that the stock may be overbought, and the Bollinger Bands show a high standard deviation, indicating potential volatility. Given the recent performance, caution is advised as the stock may be at risk of a pullback. It is important to closely monitor support and resistance levels and be mindful of potential market uncertainties.
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