Wall Street Strategies
Hello! Sign in or Register

Afternoon Note

Go-Go Growth

By Charles Payne, CEO & Principal Analyst
7/6/2020 1:22 PM

It’s all about go-go growth names, as Technology and Communications Services are leading the market higher with more cash coming out of Utilities.  Energy names are simply lagging.

Technology is pushing the NASDAQ Composite to an all-time high.

I read that Apple (AAPL) and Microsoft (MSFT) have a combined market cap greater than the entire value of the Russell 2000.  That is mindboggling stuff, although, a huge swath of Russell 2000 index companies are not profitable.

You have to ride the wave, but we also want to be positioned for rotation as well.

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU





Add Your Comment

Submitted comments are subject to moderation before posting.

Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.