RECAP April rain better mean the stock market stops the pain by May: the market declined Tuesday, punctuated by the fall of fan favorite Tesla. The EV maker made less EV's than last year and dropped nearly 5%. Stocks closed lower, the$S&P 500 Index(.SPX.US)$was recently down about 0.72%.$NASDAQ 100 Index(.NDX.US)$fell about 0.94%.$Dow Jones Industrial Average(.DJI.US)$fell 1%. MACRO Job openings recorded by JOLTS were just shy of expectations...
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binjh :
Well, they do say sell in May and go away.
KL6808 :
Bear trap, value trap or whatsoever, I belong to the old school where only death and taxes are certain. If history always repeat itself, then no one will lose a dime. Ask yourself what you are, intraday, medium, long term trader, what are your core holdings and what are your tactical, speculative bets? It's always good to take some money off the table if the underlying hit their ATH. If you ain't so lucky as some are approaching their ATL, then should you cut some losses? Meanwhile, some guru, big fund managers are talking about three rate cuts this year, but don't bet on it that they will come soon. Even if they do, or if the cuts are more than 25bp, then you better be worried that FED might have seen something coming, eg a worst off recession and a potential harder landing than the markets expect.
High insider ownership aligns management incentives with shareholders, but recent insider share sales, especially below current price, are concerning. Lack of insider purchases over the last year adds to the unease.
Elevance Health's performance is commendable, particularly its high rate of return and significant reinvestment into its business, which has led to impressive earnings growth. Analysts expect the company's earnings to gain momentum in the future.
Elevance's 2024 earnings guidance and cost control in its Medicare business may reassure investors. CEO Gail Boudreaux expects improved earnings in the Medicare business in 2024.
binjh : Well, they do say sell in May and go away.
Power Bull : Good update. Keep it coming
eldritch : market is bleeding right now bears got it on lock for now it can only rise
KL6808 : Bear trap, value trap or whatsoever, I belong to the old school where only death and taxes are certain.
If history always repeat itself, then no one will lose a dime.
Ask yourself what you are, intraday, medium, long term trader, what are your core holdings and what are your tactical, speculative bets?
It's always good to take some money off the table if the underlying hit their ATH. If you ain't so lucky as some are approaching their ATL, then should you cut some losses?
Meanwhile, some guru, big fund managers are talking about three rate cuts this year, but don't bet on it that they will come soon. Even if they do, or if the cuts are more than 25bp, then you better be worried that FED might have seen something coming, eg a worst off recession and a potential harder landing than the markets expect.