4 Relative Price Strength Picks for Today's Stock Market
The U.S. stock market seems to be heading in a positive direction, but it’s likely to be a bumpy ride. The Federal Reserve’s decision to leave interest rates as they are suggests that inflation is still a worry, especially with oil prices going up because of tensions between countries. However, investors aren’t getting overly cautious just yet.
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Market Commentary: Little-Known Indicator Forecasts Market Plunge
Some indicators aren’t well known or understood but can be highly effective when used by proficient traders. SKEW is one such indicator; it measures the perceived tail risk of the distribution of S&P 500 investment returns over a 30-day horizon.
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Did Musk Just Reveal Why Nvidia Goes Higher?
Five years ago, Nvidia traded at $36 per share. It now hovers around $1,145 per share. At first glance, it’s hard to reconcile not only the price rise but the market capitalization. Nvidia trades at a valuation of $2.8 trillion. For comparison, Apple has a market cap of $2.9 trillion.
Apple generated $383 billion in revenues last year and reported net income of $96 billion.
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