S&P 500 Eyes 9th Week Of Gains, Longest Streak In 2 Decades: Stocks Leading The Rally
Portfolio Pulse from Piero Cingari
The S&P 500 Index is close to concluding its ninth consecutive week of gains, the longest streak since January 2004, and is nearing its all-time high. The SPDR S&P 500 ETF Trust (SPY) tracks this performance. For 2023, the S&P 500 is up 25%, with NVIDIA (NVDA), Meta Platforms (META), Crowdstrike Holdings (CRWD), Advanced Micro Devices (AMD), and Palo Alto Networks (PANW) leading the rally. The fourth quarter's surge is attributed to gains in CRWD, PDD Holdings (PDD), AMD, ZScaler (ZS), and Intel Corp (INTC).
December 28, 2023 | 9:20 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AMD's 130% return in 2023 and a 45% increase in Q4 suggest a positive short-term impact on its stock price.
AMD's impressive yearly and quarterly performance indicates strong market momentum and investor confidence, which could continue to drive its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Crowdstrike's 143% increase in 2023 and a 53% rise in Q4 position it for a positive short-term impact on its stock price.
Crowdstrike's substantial gains both annually and in Q4 highlight strong performance and investor optimism, which could lead to further short-term appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Intel's 42% rise in Q4 suggests a positive short-term impact, in line with the S&P 500's rally.
Intel's strong performance in Q4 is indicative of the broader market rally, particularly in the tech sector, which may continue to positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms has nearly doubled its previous best year with a 198% increase in 2023, indicating a positive short-term impact.
Meta's exceptional performance this year, nearly doubling its previous best, suggests strong investor confidence and potential for continued short-term growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
NVIDIA has seen a 240% increase in 2023, leading the S&P 500's rally, suggesting a continued positive short-term impact.
NVIDIA's significant gain is a primary driver of the S&P 500's performance, and its strong yearly increase indicates a positive investor sentiment that could persist in the short term.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 95
POSITIVE IMPACT
Palo Alto Networks' 112% increase in 2023 suggests a positive short-term impact on its stock price.
Palo Alto Networks' significant gain this year reflects strong investor sentiment and market performance, which could lead to continued short-term growth.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
PDD Holdings' 48.6% rise in Q4 contributes to the S&P 500's rally, indicating a positive short-term impact.
PDD Holdings' strong Q4 performance is part of the broader S&P 500 rally, suggesting that its stock price may continue to benefit from the positive market trend in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
SPY ETF is tracking the S&P 500's potential ninth consecutive week of gains and is close to an all-time high, indicating a positive short-term impact.
As SPY directly tracks the S&P 500, its performance is highly correlated with the index's gains, making the positive trend in the S&P 500 a strong indicator for SPY's short-term performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ZScaler's 43% increase in Q4 aligns with the S&P 500's strong performance, suggesting a positive short-term impact.
ZScaler's significant Q4 gains reflect the positive sentiment in the tech sector and the broader market, which could continue to positively influence its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80