These Groups Just Turned BULLISH!

Published: 16 August 2024
on channel: StockCharts TV

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08.16.24: Mary Ellen McGonagle, author MEM Edge Report, highlights what drove the sharp rally in the markets - posting their largest weekly gains for the year! She takes a close look at retail and cybersecurity stocks setting up for gains, and shares some of the best ways to participate.

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00:00 - Welcome
00:33 - Headline News: Core PPI, Core CPI, Jobless Claims
01:56 - S&P 500 ($SPX), Nasdaq Composite ($COMPQ)
03:54 - S&P 500 Sectors: Technology (XLK), Discretionary (XLY)
06:35 - ETFs: US Medical Devices (IHI), S&P Retail ETF (XRT)
07:21 - Tech-Software ETF (IGV), Regional Banking (KRE)
08:46 - Volatility Index ($VIX), Russell 2000 ETF (IWM)
09:48 - Outperform: Starbucks (SBUX), Nike (NKE)
11:39 - Carvana (CVNA), Carmax (KMX), Sprouts (SFM)
13:12 - Intuitive Surgical (ISRG), Stryker (SYK), Boston Scientific (BSX)
14:42 - Columbia Banking (COLB), Western Alliance Bancorp (WAL)
16:16 - Fortinet (FTNT), CyberArk (CYBR), Palo Alto (PANW)
18:19 - Walmart (WMT), Nasdaq 100 EQL WGHT (QQEW), S&P EQL WGHT (RSP)

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
nor StockCharts.com guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on the show.
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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