Afternoon Note
On the outside, it looks like the calm before the storm. But there are rough seas in today’s session. Only the Dow is higher among the big three equity indices, and there are more losers than winners overall.
NYSE
NASDAQ
The source of weakness stems from a piece in Barron’s suggesting internet software stocks are looking like they are forming a bubble. Those are scary words indeed and parked significant selling across the technology spectrum.
Symbol |
Name |
Last |
%Change |
52W High |
52W Low |
MDB |
Mongodb Inc Cl A |
148.77 |
-5.88% |
184.78 |
53.2 |
CYRN |
Cyren Ltd |
1.62 |
-5.26% |
3.79 |
1.52 |
UPLD |
Upland Software |
45.5 |
-4.69% |
54.87 |
25.12 |
TEAM |
Atlassian Class A Ord |
139.25 |
-4.65% |
149.8 |
65.17 |
COUP |
Coupa Software |
139.69 |
-4.43% |
148 |
52.01 |
VEEV |
Veeva Systems |
163.03 |
-4.36% |
176.9 |
73.47 |
So, the market is marking time, but anxiety is increasing. This means that companies with missteps and miscues could take an extra drubbing. This is something all investors need to keep in mind while analyzing profits and mitigating losses.
Conversely, these kinds of articles tend to be premature and actually create buying opportunities. These names, however, are normally relegated to our Swing Strategies, which is our short term/trading service (high Beta and higher risk). If you are not currently a subscriber to our Swing service, click here to get start today.
Comments |
Loved your segment with Michael Pillsbury. His book The Hundred year Jarathon is a must read. I a, not a robot 😃 Larry Hayes on 7/29/2019 4:37:46 PM |
Thanks Larry
Michael Pillsbury is the man. CP Charles Payne on 7/29/2019 4:41:51 PM |
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