|Bid||155.85 x 1000|
|Ask||155.92 x 1000|
|Day's Range||155.46 - 156.26|
|52 Week Range||125.81 - 173.39|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The iShares Russell 2000 ETF (NYSEArca: IWM), the largest ETF tracking smaller companies, is up 17.48% year-to-date and the benchmark’s recent price action could be an important tell for the broader market ...
Secretive, unusual institutional activity can help us decipher market movement, and this week's analysis suggests continued bullishness.
Tuesday's market weakness was very quickly forgotten on Wednesday, but what was most notable during Wednesday's session was the very strong action in small-caps and big-cap momentum names. In fact, it was practically a perfect setup for a "Don't Short a Dull Market" reaction on Wednesday afternoon, when we got a brief dip following release of Federal Open Market Committee's March 19-20 minutes. To put it plainly and simply: Price action.
The Fed’s accommodative stance has produced a rally in stocks. Disappointing company earnings could put a stop to it.
and Nasdaq have been a little choppier, but all the indices have been steadily trending higher and are not technically extended to some extent. It is quite a drop in earnings growth, but the market has been unconcerned about that issue so far. The Nasdaq is up over 28% off its lows and, by any measure, is extended.
The market has been hot lately, so Monday's chill session shouldn't be a surprise. In fact, bulls may even consider this sleepy session a victory given that the market continues to hold onto its gains relatively well. Let's look at a few must-see stock trades. Must-See Stock Trades 1: New Age BeveragesAn expanding partnership with Walmart (NYSE:WMT) has New Age Beverages (NASDAQ:NBEV) racing higher Monday, up more than 32%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares are running into and pulling back from its 38.2% retracement for the 52-week range. It would be encouraging to see it now hold the 50-day moving average and retry this level. Whether that second attempt comes tomorrow or next week, a move to $7.50 could eventually be in the cards should it give way. * 5 Data Center Buys That Deliver Sizable Income Despite the big move, shares are not yet technically overbought. If we get a slight pullback Tuesday morning that quickly goes green, that could pave the way to a quick bullish day trade. If NBEV holds up through the session, it may turn into a long swing trade. Must-See Stock Trades 2: Bank of AmericaThis one was looking wonderful as it broke out over $29.50, but then quickly unwound those gains by falling 10% in just a few days. We've had our eye on Bank of America (NYSE:BAC) and now that it's back in its range, it's worth looking at again.Shares are pulling back off range resistance, but could again trigger a breakout over $29.50. Investors may be a little gun shy this time around on a breakout given what happened last time. As such, they may rather buy a pullback into the $28 to $28.50 level. Below $28 and BAC is a no-touch. Must-See Stock Trades 3: Russell 2000 ETFThe Russell 2000 ETF (NYSEARCA:IWM) is not exactly leading to the upside vs. its other index peers. However, it's looking much better than it was a few weeks ago.In late-March, the 50-day moving average was giving way as support and the 200-day moving average was holding as resistance. Channel support was keeping the name in check and a larger correction was in question.However, the ETF has powered through channel resistance and the 200-day moving average has given way. We now need to see this $157.50 to $158.50 area give way to really let the IWM gallup higher.I love that the index isn't overbought and many names are still well below their highs going into earnings. We're seeing a rotation out of high octane growth names, but other areas are picking up the slack. Seeing the IWM pullback/consolidate a bit more ahead of earnings would be potentially bullish as well. Watch the $153 area as a key support level should the IWM correct. Must-See Stock Trades 4: The Trade DeskSo what growth names are taking a rest? The Trade Desk (NASDAQ:TTD) is certainly one, while investors can lump Roku (NASDAQ:ROKU) and Twilio (NYSE:TWLO) on the list as well.For TTD, a pullback to $180 could be bought as a solid risk/reward setup. Should it get there, the 50-day moving average, uptrend support and prior support should all play a role. Below opens the door to $160.It's a bit concerning that the stock put in a lower high, but after such a massive run, it was bound to happen at some point. It doesn't change the fact that TTD is one of the market's strongest growth names. Must-See Stock Trades 5: General ElectricA downgrade from key analyst Stephen Tusa of JPMorgan has shares of General Electric (NYSE:GE) reeling, down 6% on the day.Below $9.50 and GE looks destined for sub-$9. Earnings should be due up later this month, causing some investors to consider locking in short-term gains ahead of the quarter. That said, it's an interesting dynamic as some shorts may want to cover given what new CEO Larry Culp has been able to say to impress investors over the past few months. * 7 High-Risk Stocks With Big Potential Rewards If the 61.8% retracement can't support GE, $7.50 could eventually be on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post 5 Must-See Stock Trades for Tuesday: TTD, GE, BAC, IWM, NBEV appeared first on InvestorPlace.
We look at the differences in investing in an S&P 500 and the Russell 2000 exchange-traded fund, and when to choose the one over the other.
Coming off its worst quarterly performance (down 20.5%) since the September quarter of 2011, Russell 2000's Q1 bounce was 14.2%. This puts the spotlight on small-cap ETFs.
The stock market had a big bounce on Tuesday and started off higher on Wednesday as well. By lunchtime though, investors were staring at ~1% losses across the board, although they have since erased about half of those losses. What's going on out there? We remain in a messy, choppy market after the indices' big rally off the December lows. Let's look at what's moving in the market today and get an idea of what top stock trades to watch going through the rest of this week. Top Stock Trades for Tomorrow 1: Russell 2000 ETFLet's talk about the iShares Russell 2000 ETF (NYSEARCA:IWM). This name has been a leader over the past few quarters, both on the upside and the downside. Earlier this month, the IWM put in a lower high from the month prior and failed to hold its 200-day moving average.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's now below the 50-day and 20-day moving averages as well. The setup is…not great. But that said, it's not like the rally is completely giving way. There are some negative catalysts working against stocks -- like fears of a global recession -- but the Fed remains patient and earnings aren't getting sacked. * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos That, to me, limits our downside. However, that does not mean we're immune to a pullback and/or consolidation. Bulls may want to be a bit more cautious, at least until the IWM can recapture the 20-day and 50-day moving averages. I'm not a huge fan of the lower highs and lower lows, but that concern is only that, as long as we're over $145. Top Stock Trades for Tomorrow 2: Cronos GroupCronos Group (NASDAQ:CRON) is down about 10% after a number of downgrades came in following the company's quarterly results.So far, the 38.2% Fibonacci retracement for the 52-week range is holding up as support, but CRON is far from out of the woods. If this level fails, there could certainly be more downside.The prior breakout is down near $14 to $15, while the 50% retracement is at $15.06. So should CRON take out Wednesday's lows, this could be its destination down the road. Dip buyers need to use caution, especially with CRON below the 20-day and 50-day moving averages.A slightly higher open on Thursday followed by a decline that takes out Wednesday's low could give bears a low-risk short-term shorting opportunity. Top Stock Trades for Tomorrow 3: PaychexShares of Paychex (NYSE:PAYX) started off higher on the day, but faded from its opening gains after the company beat on earnings and reported in-line revenue results. PAYX stock is now down almost 2% on the day.The report wasn't necessarily bad, but perhaps it wasn't enough to sustain new highs. Worth noting though, PAYX did make new 52-week highs in the session. That said, it's near channel resistance on the weekly chart.At the very least, bulls may wait for a pullback into the 20-week or 50-week moving averages. However, waiting for a potential test of the 100-week moving average and/or channel support has proven to be much more prudent. It also allows bulls to enter into a less risky setup should it get there. Patience may be key here with PAYX. Top Stock Trades for Tomorrow 4: SouthwestShares of Southwest Airlines (NYSE:LUV) are rallying despite the company cutting its capacity guidance. A stock rallying on bad news is a good sign for a possible bottom.In either case, bulls have a reasonable setup. So far, the stock is holding above the 200-week moving average. Should the stock lose this level the recent lows near $45, it will tumble into no man's land. $45 is a notable multi-year level, but there's potential uptrend support (purple line) near this level as well.Aggressive bulls can go long on a weekly close over the 200-week moving average. Conservative bulls may want to wait for a potential pullback. If it materializes, an entry near $45 sets up a low-risk long. Top Stock Trades for Tomorrow 5: The Trade DeskThe Trade Desk (NASDAQ:TTD) has been a growth monster this year, but shares have been getting whacked over the past few sessions. Short-term uptrend support (blue line) didn't hold as support, nor did the 20-day moving average.That leaves the post-earnings open and the 50-day moving average near $170 on the table. Should these levels fail to hold, growth investors sure would love to snap this name up between $150 and $160. * 7 Reasons to Buy Housing Stocks in 2019 If you like mid cap growth stocks, TTD should surely be on your list. But keep in mind, it's a volatile one, so investors need a strong stomach.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post 5 Top Stock Trades for Thursday: PAYX, IWM, CRON, TTD appeared first on InvestorPlace.
For a while on Tuesday, market participants forgot recent worries about the inverted yield curve and slowing economic growth. This narrative about slowing economic growth has gained some traction lately but it still hasn't been fully embraced. The central banks are poised to deal quickly with any overt signs of weakness, and talk about an interest rate cut is going to build if the economic growth worries persist.
While an inverted yield curve isn't normal, margin debt levels show traders' willingness to borrow, and the S&P is 500 back above key resistance.
) finally bounced after selling off for the last five trading sessions. Surprisingly, we haven't heard anything about U.S.-China trade this week but there should be some chatter as negotiations commence later in the week.
Starting this past Friday, the narrative that has taken control of the market is that fears of an economic slowdown are driving an inversion of the yield curve. This has been the primary explanation for the market action. With overseas markets trading up and U.S. indices indicated higher Tuesday morning, the narrative is that the growth concerns are easing and the inversion of the yield curve isn't such a big deal.
There isn't much working in the markets today. Chipotle Mexican Grill , YETI , US Treasuries, precious metals, utilities, and some scattered names here and there, but when decliners outnumber advancers 4 to 1, you know we're likely in for a rough ride.
For a while on Wednesday night, it looked like the very dovish Fed policy statement might produce a negative response, but the market traded straight up on Thursday as it squeezed the bears and frustrated the underinvested bulls. With the S&P 500 now at its highest level since October 10, technical conditions are extended and the market is looking harder for an excuse to justify some profit taking and consolidation. In his comments on Wednesday, Fed chair Jerome Powell, acknowledged the weakness in Asia and Europe as part of the reason behind the Fed's uber-dovish policy.
Who understands securities lending? Registered funds (by which I mean traditional mutual funds and exchange-traded funds) sometimes permit other institutions to borrow shares from their portfolios, in exchange for a fee. If you know those answers, congratulations! You understand more about securities lending than your humble columnist did before he read "Securities Lending: An Examination of the Risks and Rewards," by Morningstar's Adam McCullough.
The market is in a holding pattern as it awaits the Fed interest rate decision and policy statement at 2 p.m. ET. What is important to understand about the Fed is that it will serve as a catalyst for market movement even if there is no surprise news. Usually the time frames for the initial reaction are too short to be traded by puny, sloth-like humans but it will help to create the conditions for a bigger move that can be traded in a time frame of more than a few minutes.
The market is still highly sensitive to any news on China trade, but the focus on Wednesday will shift to the Fed. The Federal Open Market Committee will issue its interest rate decision and policy statement at 2 p.m. ET. The market is expecting confirmation of the dovish view that the Fed has embraced since the market low in December. Chairman Powell is expected to reiterate that the Fed will stay patient and not take any further action as it parses incoming economic data.