Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Tech Crushing It

By Charles Payne, CEO & Principal Analyst
11/18/2021 1:38 PM

Technology is crushing it once again, getting a boost from reports that Apple (AAPL) will be a player in EV, and it will be sooner rather than later.

The news adds validation.  

Consumers are the key - they keep taking the pain of inflation and spending mostly because it’s been a two-year absence from getting together with family and friends.

But this is becoming more and more a stock pickers market. It has been for a long time, but there was a nice tide that lifted all boats, but now it’s back to greater selectivity.

Tomorrow is a huge day, and while I know there will be gaming the CBO score, it could really put the Build Back Better on the shelf. All eyes are on Manchin who keeps saying the right things, but like this headline: 

Joe Manchin's Vote on Biden's Social Bill 'Not at All' Influenced by Passage in House.”

S&P 500 Index

+0.21%

 

Communication Services XLC

 

-0.72%

Consumer Discretionary XLY

+0.49%

 

Consumer Staples XLP

 

-0.71%

Energy XLE

 

-0.17%

Financials XLF

 

-0.52%

Health Care XLV

+0.07%

 

Industrials XLI

 

-0.31%

Materials XLB

 

-0.35%

Real Estate  XLRE

 

-0.21%

Technology XLK

+0.86%

 

Utilities  XLU

 

-0.54%

 

 

Log In To Add Your Comment


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