Growing List Of Lagging Large Cap Stocks
Portfolio Pulse from Thrasher Analytics
The list of new 6-month relative performance lows expanded from 49 to 56, while the new high list dropped from 18 to 7. Google (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) have accounted for a large bulk of the YTD gains in the S&P 500.
May 23, 2023 | 7:33 pm
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POSITIVE IMPACT
Google has accounted for a large bulk of the YTD gains in the S&P 500, contributing to the new high list.
As Google is one of the few tech stocks contributing to the YTD gains in the S&P 500, it is likely to have a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Microsoft has accounted for a large bulk of the YTD gains in the S&P 500, contributing to the new high list.
As Microsoft is one of the few tech stocks contributing to the YTD gains in the S&P 500, it is likely to have a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
Nasdaq 100 (NASDAQ: NDAQ) is mentioned as one of the major indices hitting multi-month highs.
Nasdaq 100 is mentioned as hitting multi-month highs, which could have a positive short-term impact on its stock price, despite the lagging large cap stocks.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
S&P 500 (NYSE:SPY) is mentioned as one of the major indices hitting multi-month highs.
S&P 500 is mentioned as hitting multi-month highs, which could have a positive short-term impact on its stock price, despite the lagging large cap stocks.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50