Spring Ahead or Fall Back? No Fear, Nasdaq Uptrend, Trading AbbVie and AMD COVID numbers stopped improving a while ago, even with ever-improving rates of vaccination. Just what is going on here?
Mar 16, 2021 | 07:40 AM EDT
I saw my first robin of spring late last week. A few minutes later, I met about a dozen of his or her pals. Temperatures were indeed spring-like out in my neck of the woods last week, and will be again later this week.
Monday, however, the wind chill was in the single digits as I walked my morning walk, as I always do after writing Market Recon and prior to getting on with the rest of my day. On Monday, I only saw some Canadian Geese and they were trying to shield themselves from the wind. There are hints here or there. Hints that maybe our massed optimism is not misguided. This time.
CrowdStrike Reports Tuesday, and Here Are My Trade Ideas CRWD is already half a step ahead of many other cybersecurity operations.
I must admit that among those names reporting on Tuesday afternoon, I find CrowdStrike (CRWD) to be perhaps the most intriguing. I have long been in Zscaler (ZS) . I think that name might be one of my oldest continuously held long positions, and it certainly has done well for me, and anyone else who tagged along for that ride. I even added to Zscaler last week as growth stocks suffered a rotation that is already several days into the unwind. That s how sure I think I am in cybersecurity. Yet, I have only been in one such name. Unfortunately, they are all expensive in terms of traditional valuation metrics.
U.S. retail investors are buying the American depositary receipts of German automaker Volkswagen AG, some market participants said, accelerating a rally spurred by well-received VW announcements on its efforts to overtake Tesla Inc in the electric vehicles market.
As rotational action in the stock market slows, stock pickers are gaining confidence, writes James "Rev Shark" DePorre, who says there was less focus on movement between various market sectors in Monday's trading and more emphasis on the merits of individual stocks..M