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efficentupup wrote a post · Jan 23 02:50

Dow Soars Past $38,000, Cybersecurity Stocks Rally

Dow Soars Past $38,000, Cybersecurity Stocks Rally
Industrial Earnings Preview: General Electric $GE Aerospace(GE.US)$ , 3M $3M(MMM.US)$ , RTX $RTX Corp(RTX.US)$ , Lockheed Martin $Lockheed Martin(LMT.US)$
GE at Highest Close Since 2017; 3M and RTX down by more than 10% from recent highs.
Lockheed Martin narrowly in the green over the last year.
Transport Sector Upbeat Notes
Bernstein upgrades Union Pacific and Norfolk Southern to outperform.
UBS upgrades J.B. Hunt $JB Hunt Transport Services(JBHT.US)$ to buy; stock less than 1% from its 52-week high.
Archer-Daniels-Midland (ADM) Tumbles Amid SEC Probe
Worst Performer on S&P 500 today due to SEC accounting probe and lower full-year profit outlook.
Barclays double-downgrades ADM $Archer Daniels Midland(ADM.US)$ to underweight; weaker soybean market cited as a factor.
Netflix ( $Netflix(NFLX.US)$ ) Quarterly Results Tomorrow
NFLX hit a new high recently but is now around 3.5% off that level.
Strong showing over the past three months, up over 20%, gained more than 65% in all of 2023.
Dow Jones Industrial Average $Dow Jones Industrial Average(.DJI.US)$ Update:
First close above $38,000 ever today with Travelers leading YTD performance at +12%, $Boeing(BA.US)$ worst performer YTD at -17.5%.
China Market Performance:
iShares MSCI China ETF ( $iShares MSCI China ETF(MCHI.US)$ ) fell by about 2.6% today; down about11% so far in2024.
KraneShares CSI China Internet ETF ( $KraneShares CSI China Internet ETF(KWEB.US)$ ) is down nearly34% in the past year.
Cybersecurity Stocks Surge:
ETFMG Prime Cyber Security ETF ( $Etf Managers Trust(HACK.US)$ ) hit a new high today; up by5% so far in2024.
Top components include Juniper Networks $Juniper Networks(JNPR.US)$ (+27%), Telos $Telos(TLS.US)$ (+19%), Palo Alto Networks $Palo Alto Networks(PANW.US)$ (+17.2%), CrowdStrike $CrowdStrike(CRWD.US)$ (+17%).
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efficentupup
True and timely
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