≈ Split performance between Growth and Value ≈
Stocks are mixed in early trading on Tuesday in a carry-over theme from Monday’s historic day. On Monday, Pfizer announced positive results from its Coronavirus vaccine candidate that sent the markets soaring at the open. The biggest winners were the stocks that are dependent on the economy re-opening, consumers out and spending and people traveling. Airlines, cruise lines, restaurants, energy companies, and financials gained while tech, consumer cyclical, and other growth names sold sharply.
When rotation happens, even for just a few days, traders start to analyze it to determine if there is a new theme in the market or of its simply short-term price movement. That has yet to be determined, but for the first two days of the trading week, we are seeing a pattern develop. If you have not yet built a watch-list of companies in the value areas, it would be a good time to do so and watch for tradeable patterns to develop in those names.
Keep an eye on the sectors this week as these storylines develop and be ready to pounce on new opportunities as they arise.
Chart of the Day
Monday’s Heat Map for the S&P 500
It was a rotation day on Wall-Street Monday, that is spilling into Tuesday’s trading. Many growth stocks sold off sharply while value stocks and the so-called ‘re-opening’ stocks rallied. It’s not often you see such bright green (up) and bright red (down) on the same day on wall-street.
Video of the Day
Analyzing UBER as it approaches its all time high
In last week’s Halftime Report, the coaches analyzed UBER after its recent upward movement and as the stock approaches its all-time high.
Today’s line up
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