The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market’s biggest divergence since the dotcom bubble broke a generation ago.
In December, Market Insights noted how money was shifting away from large, well-known companies to smaller and less-known companies.
This post will help traders keep up with shifts in sentiment. It will describe some basic techniques for discovering new areas of leadership at almost any time. These can also help you avoid falling into value traps, or being late to stocks that are losing buyers.
The S&P 500 rose 1.2 percent between Friday, April 19, and Friday, April 26. The index also closed at a new all-time high of 2940, with technology and the Nasdaq-100 still leading the charge.
Foot Locker’s (FL) blowout quarter today is the latest example of the trend. Not only did earnings and revenue beat estimates. The key same-store sales metric was also more than twice the expected amount, a sign of successful merchandising and customer engagement.