Via News on LinkedIn: Datadog Stock Bearish By 17% As Session Comes To An End Today (2024)

I was looking at the Nasdaq, which is down around 16% after today from where it was in the fall of 2021. It needs around 2,600 points to get back to even, which is a heavy lift. Today the Nasdaq rose 184 pts, but that is just a 1.38% gain on the day. It can take a tech-heavy index like the Nasdaq a while to climb back, after investors decide they temporarily don't like technology much.Old-timers will recall the Nasdaq reached 5,048 in 2000, at the peak of the Internet bubble, when every venture-funded startup was lined up for an IPO exit like 82nd paratroopers in a C-17. Then the Nasdaq lost 75% of its value by 2002. It didn't get back to 5,000 until 2015.I don't think it will take 13 years for the Nasdaq to get back to late 2021 levels. It basically depends on a handful big-cap stocks that got hammered: Amazon (down 25%), Google (down 13%), Tesla (down 40%), and Facebook, (down 17%). When these stocks come back, the Nasdaq will, too.

Why are there so many extreme stock price moves lately?It's a very common mistake to attribute fundamental stock price changes to fundamental changes, but often that's not the case. It's just robo-trading on steroids, as there are no funds which don't use robo-trading. As such, that's not that bad, but there are problems with this.The first problem is that all of the robo-traders seem to have the same rules. For example, a miss on anything triggers selling. That's what happened for Cloudflare (NET) in the after-market hours, as it missed the consensus forecast for the next quarter by 1%.The second problem is the much lower float. I don't mean that companies have lower floats, but fewer shares are available overall because there is much more index investing. Those indexes are usually obliged to only buy or sell if a stock enters or leaves an index like the S&P 500. That means fewer shares are available for trading and the price reactions are more extreme, both up and down.Sometimes you see some form of correction the next day, as analysts look at the fundamentals. We saw that in the case of The Trade Desk (TTD), where the stock was down more than 30% in the after-market hours and "just" 16% the next day.Cloudflare was even up by double digits the next day. If you are a long-term investor, don't just look at the stock price to decide whether you should buy, hold or sell shares.

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After a decent run in the first half of the year, the stock market forecast for the next six months is looking mildly bullish. Tech stocks have been leading the way, with big gains from giants like Microsoft, ServiceNow, and Palantir Technologies. It seems like the animal spirits have returned to the market, and the gains have been accelerating since June. In July, the S&P 500 gained 3.1%, the Nasdaq composite 4%, and the Dow Jones Industrial Average nearly 3.4%. If you're looking to invest, now might be the time to jump in! Read on for more: https://bit.ly/3POwxcz #StockMarket #PrivateWealth #PrivateBanking #WealthManagement

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History Says the Nasdaq Will Surge in 2024: 1 Stock-Split Stock to Buy Before It DoesInvestors who are students of history will know the surge will likely continue. As far back as 1972 -- the first full year of trading for the Nasdaq -- in the yearfollowinga market rebound, the tech-heavy index has generated gains of 19% on average, which suggests the current rebound will likely continue.https://lnkd.in/eFZH53wG

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Stock Market Today: Mega-Cap Tech Rallies to Drag Markets Higherhttps://ift.tt/rgXowZTStocks rebounded sharply from their worst week since April as market participants shrugged off political drama in the U.S. and scooped up risk assets with both fists.The sort of leadership folks have come to expect from this bull market was back in full force on Monday, as mega-cap tech did much of the heavy lifting. The usual suspects of the Magnificent 7 stocks were the leaders, once again.The Nasdaq-100, an index of the 100 largest non-financial companies in the Nasdaq Composite, popped 1.5%, boosted by Magnificent 7 stocks such as Tesla (TSLA, +5.2%), Nvidia (NVDA, +4.8%), Alphabet (GOOGL, +2.3%) and Meta Platforms (META, +2.2%). Naturally, the S&P 500's tech sector followed suit, gaining 2.3%.Subscribe to Kiplinger’s Personal FinanceBe a smarter, better informed investor.Save up to 74%Sign up for Kiplinger’s Free E-NewslettersProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.Profit and prosper with the best of expert advice - straight to your e-mail."The market is taking in a surprise new Democratic presidential ticket, a mountain of earnings, and fresh inflation data," writes the markets team at Argus Research. "Given the switch to Kamala Harris from Joe Biden, the markets are recalibrating the odds of who might win the top seat in the country. On earnings, about 25% of S&P 500 companies report this week. The Fed's favorite inflation data is due on Friday."At the closing bell, the tech-heavy Nasdaq Composite added 1.6% to 18,007, while the broader S&P 500 rose 1.1% to 5,564. Disappointing quarterly earnings from a blue-chip component helped the Dow Jones Industrial Average lag the other benchmarks, gaining 0.3% to 40,415.Earnings, econ data on tapMuch of Monday's momentum may have come in anticipation of this week's earnings calendar, which is packed with potentially market-moving names.Alphabet (GOOGL) is one of the first Magnificent 7 stocks making an appearance on the earnings calendar, with the Google parent set to release its second-quarter earnings report after Tuesday's close.CFRA Research analyst Angelo Zino (Buy) says Wall Street will be watching for updates on "margin expansion, artificial intelligence (AI) momentum, and growth trends across the company's three core segments (Cloud, Search, and YouTube)."Zino believes "cloud growth could surprise to the upside," with the analyst forecasting a 25% year-over-year (YoY) increase in both Q2 and Q3. He also expects the report to show that digital ad trends remained healthy over the three-month period.Tesla, Visa (V), Coca-Cola (KO) and United Parcel Service (UPS) are just a smattering of blue chips also scheduled to report quarterly results.Meanwhile, this week's economic calendar includes the initial reading on second-quarter gross domestic produ...

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Closelook at US Stock Markets - Post 24 - NASDAQ 100 short-term bottom may be in place, with Resistance at around 15.300 to 15.400. It is all about earnings, stupid! What happenedNASDAQ 100 stocks found support at the lower consolidation trendline last week. Oversold conditions, a somewhat bearish sentiment, no imminent government shut-down, and better inflation readings point to the bulls regaining action short-term. Unless maybe e.g Jerome Powell is in bear mode today and likes to continue on his hawkish comments😀So whatOctober is a jinx. It has been a regular killer of short-lived bear markets. It has also been host to two stock market crashes. It is more of a directional month, which sets the stage for the following 6 - 12 months. It won't be any different this time.Why?It is all about earnings, stupid! There cannot be a new bull market now if earnings of tech stocks have not troughed in the second quarter of 2023 and guidance points to near double-digit earnings growth in 2024. So far, earnings of the NASDAQ 100 companies and some associated hypergrowth tech stocks that we watch have been much better than anticipated in 2023. But now it is "show me" time. This means the following to keep the bull alive.Now what(1) AI must start to show top-line results outside of the AI shovel sector (Nvidia, Super Micro, Vertiov Holdings, etc.).(2) Cloud optimization must have ended, and consumption-oriented cloud stocks such as Snowflake must lead and return to beat and raise mode.(3) Semiconductor stocks must show some guidance momentum outside of the AI chips sector, proving that core parts of their standard businesses have finally bottomed. Capex expenditures must rise so that AI-related expenditures are not merely replacing investments in other areas, leaving total spending unchanged. Actionable AdviceThe quality tech stocks will surprise to the upside. They have prepared for a recession since late 2021 and have streamlined operations. Assuming that demand has picked up in the third quarter, this should immediately/still show in top and bottom line growth. We will add on weakness. Magnificient 7We own Nvidia. We are still determining if the others can accomplish the platform shift to AI. They need to grow in their core businesses, and they are costly. We dislike Apple. Alphabet will be in trouble for legal reasons in the US and Europe. We like Microsoft, but there are more compelling stories around. We are still skeptical about Amazon and Meta. We would look elsewhere for superior returns. The companies are too expensive relative to others that still grow north of 20 or 30 percent annually.#sp500 #nasdaq #nasdaq100

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Last week was a tough one in U.S. stock markets, as reportedhere. The Dow Jones Industrial Average fell 2.1%. The S&P 500 fell 2.5%. And the NASDAQ fell 2.6% led by declines in Meta (formerly Facebook) and Google (trading as Alphabet). This decline puts the NASDAQ solidly in correction territory, down over 10% from the high last July.For a lot of investors, this drawdown comes after a long bull market in which they have made huge gains. It’s a hiccup in what has otherwise been a classic “buy and hold” market.The problem is that that perspective has been warped by Wall Street propaganda and talk of a Goldilocks market and a “soft landing” from the Fed tightening of monetary policy over the past 18 months. That perspective ignores the facts.Keep reading about this article here.https://lnkd.in/dEGzmvYS

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Market Daily Updates 20240202:The pic I shared came from an amazing Hong Kong TV show named The Greed of Man, first aired in Oct 1992. It showed again and again when Chinese stock market crashed. U.S is a much happier story.The S&P 500 reached an all-time high with a 1.1% increase, while the Dow Jones Industrial Average rose by 0.3% to set a record high for the ninth time this year. The Nasdaq Composite also saw a gain of 1.7%, marking the fourth consecutive week of gains for all three indexes. This surge was propelled by strong quarterly earnings from major tech companies known as the "Magnificent Seven'' (Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla), which have a significant influence on these indexes.Meta Platforms stood out with a historic surge in its stock value, jumping 20% after reporting its largest quarterly sales increase in two years and announcing its first-ever dividend. This led to a record one-day market cap gain of $204.5 billion, the largest for any U.S. company. Amazon's stock also rose by 7.9% after surpassing revenue and profit expectations. In contrast, Apple shares slightly declined by 0.5% due to underwhelming sales in China, and Alphabet and Microsoft shares recovered on Friday after initial declines following their earnings reports.The jobs report for the month showed an addition of 353,000 jobs, far exceeding economists' forecasts and marking the strongest gain in a year. Wage growth also surpassed expectations, leading to a significant jump in bond yields, with the 10-year U.S. Treasury note yield rising to 4.03%, its largest one-day increase since September 2022. This robust labor market data reduced the likelihood of an early Federal Reserve interest rate cut, with the probability of a March rate cut significantly diminished to 20% from around 35%.(It came back to around 35% during the weekends)Despite the adjustment in interest rate expectations, the strong job market data helped to mitigate fears of an imminent recession, suggesting that the economy remains robust. In the meantime, China A-Share continues to go down. It’s quite a thing among the netizens that they even tried to say lots of criticism on Weibo, the Chinese version of X(Twitter).Key takeaways from every publishes today:None.Meme stocks to watch:DWACU: -6.5%, 46.75.OPEN: -0.85%, 3.5.PLTR: +4.23%, 17.02.

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In today's video, we're diving into the Nasdaq, the tech stock hub, which has dominated the market this year. The Nasdaq is comfortably above its 200-day moving average we breakdown the critical level of 14,600. Can tech stocks keep driving the market's momentum?#techstocks #nasdaq #nasdaqanalysis #techsector

#palantir stock gapped up 20% after issuing strong guidance for 2024. The company continues to prove skeptics wrong, but will analysts climb on board? That's part of what I look at in my latest article for MarketBeat