After a Hot Q2, What’s Next?
From the desk of Ryan Detrick: Looking like the best quarter for the S&P 500 since 1998. Here’s the catch, future returns after huge quarters (>15%) tend to see continued strength. Higher the next quarter 8 for 8. Will transports lead the way? The DJ-20...
Goodbye Q2
From Bespoke Research: With a gain of over 18% heading into the last day, the S&P 500 is on pace for its best quarter since the last quarter of 1998.
Palo Alto Networks Update
Shares of PANW continue to consolidate following a very solid earnings report back on May 21st: https://www.zacks.com/stock/news/938599/palo-alto-panw-q3-earnings-and-revenues-beat-estimates?cid=CS-MKTWTCH-HL-analyst_blog|earnings_article-938599. The stock reached...
Nike Hammered
Shares of Nike were pounded on Friday following Thursday night’s disappointing earnings report: https://www.marketwatch.com/story/nike-fourth-quarter-sales-drop-nearly-40-2020-06-25?mod=mw_quote_news. The stock closed with a 7.6% loss, on Goldman Sachs(-8.6%)...
Investors Remain Bearish(Good News!)
Optimism is at a 6-week low/pessimism is at a 6-week high. Bulls at an unusually low level & bears at an unusually high level for 2nd consecutive week. Hat tip AAII.com2020 Investors Guide FREE
