Seeking Alpha’s Calls Of The Week
Adobe’s (ADBE) Nearly 50% Stock Decline Creates A Great Buying Opportunity.
Upgrading Seaboard (SEB) To Strong Buy: Insane, Irrational Discount To Assets.
Blackstone Secured Lending (BXSL): Strong Fundamentals, Attractive Valuation.
Manhattan Associates (MANH): Valuation Is Finally Back At Reasonable Levels.
Bitcoin (BTC-USD) As A Safe Haven? Don’t Short It, But I’m Not Buying It Either.
Bristol-Myers Squibb (BMY) Earnings: Mixed Bag, Investors Need To Be Patient.
VanEck Rare Earth And Strategic Metals ETF (REMX) At Critical Technical Level.
Turning Neutral On MLPX: No Longer A Bargain, Technicals Also Suggest Caution.
TransMedics (TMDX) Downgraded On Mounting Growth Hurdles, Overvaluation.
Super Micro Computer (SMCI): Beware The Value Trap, Seek Returns Elsewhere.
Weekly Movement
U.S. Indices
Dow +2.5% to 40,114. S&P 500 +4.6% to 5,525. Nasdaq +6.7% to 17,383. Russell 2000 +4.1% to 1,958. CBOE Volatility Index -16.2% to 24.84.
S&P 500 Sectors
Consumer Staples -1.3%. Utilities +0.5%. Financials +3%. Telecom +6.4%. Healthcare +1.9%. Industrials +3%. Information Technology +7.9%. Materials +2%. Energy +1.1%. Consumer Discretionary +7.4%. Real Estate +0.2%.
World Indices
London +1.7% to 8,415. France +3.4% to 7,536. Germany +4.9% to 22,242. Japan +2.8% to 35,706. China +0.6% to 3,295. Hong Kong +2.7% to 21,981. India +0.8% to 79,213.
Commodities and Bonds
Crude Oil WTI -2.6% to $63.02/bbl. Gold -0.9% to $3,298.4/oz. Natural Gas -9.5% to 2.937. Ten-Year Bond Yield -0.2 bps to 4.254.
Forex and Cryptos
EUR/USD -0.24%. USD/JPY +1.06%. GBP/USD +0.15%. Bitcoin +11.5%. Litecoin +14.5%. Ethereum +11.3%. XRP +5.0%.
Top S&P 500 Gainers
ServiceNow (NOW) +22%. Microchip Technology (MCHP) +22%. Palantir Technologies (PLTR) +20%. Tesla (TSLA) +18%. Amphenol (APH) +17%.
Top S&P 500 Losers
Fiserv (FI) -15%. Northrop Grumman (NOC) -12%. Erie Indemnity (ERIE) -12%. T-Mobile US (TMUS) -11%. LKQ (LKQ) -11%.
Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section.
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