Market Movers for 07-Jul-2023

MapG · July 12, 2023, 12:52pm

This information provides you with only some information about customer’s sentiments.

Orders by Fidelity customers
Rank is based on the total of buy and sell orders for the security.
As of Jul-7-2023 4:04 PM ET

ID	Symbol	% Change	# Buy orders	Buy/sell ratio	# Sell orders	Sector

1	TSLA	-0.76%	11,117	Buy 49%	11,570	Consumer Discretionary
				Sell 51%
2	RIVN	14.25%	7,364	Buy 54.11%	6,245	Consumer Discretionary
				Sell 45.89%
3	PWM	253.52%	3,813	Buy 54.21%	3,221
				Sell 45.79%
4	NVDA	0.95%	3,049	Buy 43.79%	3,914	Information Technology
				Sell 56.21%
5	GRRR	124.88%	3,031	Buy 45.87%	3,577	Information Technology
				Sell 54.13%
6	TQQQ	-1.02%	2,700	Buy 48.65%	2,850
				Sell 51.35%
7	META	-0.50%	2,632	Buy 53.11%	2,324	Communication Services
				Sell 46.89%
8	AAPL	-0.59%	2,213	Buy 56.24%	1,722	Information Technology
				Sell 43.76%
9	SQQQ	1.09%	1,867	Buy 48.07%	2,017
				Sell 51.93%
10	MSFT	-1.19%	2,033	Buy 54.1%	1,725	Information Technology
				Sell 45.9%
11	AMZN	1.11%	1,552	Buy 42.61%	2,090	Consumer Discretionary
				Sell 57.39%
12	AMD	-0.27%	1,766	Buy 49.27%	1,818	Information Technology
				Sell 50.73%
13	TNA	3.45%	1,625	Buy 47.65%	1,785
				Sell 52.35%
14	MULN	-12.97%	2,247	Buy 74.63%	764	Consumer Discretionary
				Sell 25.37%
15	SPY	-0.25%	1,701	Buy 59.58%	1,154
				Sell 40.42%
16	AI	0.44%	1,147	Buy 40.2%	1,706	Information Technology
				Sell 59.8%
17	BABA	8.00%	903	Buy 32.09%	1,911	Consumer Discretionary
				Sell 67.91%
18	QQQ	-0.33%	1,445	Buy 54.57%	1,203
				Sell 45.43%
19	BBBYQ	-8.01%	2,271	Buy 90.08%	250	Consumer Discretionary
				Sell 9.92%
20	SOXL	-0.09%	1,277	Buy 51.24%	1,215
				Sell 48.76%
21	COIN	0.79%	952	Buy 42.42%	1,292	Financials
				Sell 57.58%
22	MARA	2.28%	954	Buy 42.8%	1,275	Information Technology
				Sell 57.2%
23	JZXN	4.03%	2,158	Buy 97.56%	54	Consumer Discretionary
				Sell 2.44%
24	SSO	-0.51%	1,010	Buy 47.31%	1,125
				Sell 52.69%
25	CVNA	21.09%	545	Buy 28.27%	1,383	Consumer Discretionary
				Sell 71.73%
26	PFE	-0.28%	1,360	Buy 80.57%	328	Health Care
				Sell 19.43%
27	PLTR	1.39%	740	Buy 45.32%	893	Information Technology
				Sell 54.68%
28	RIOT	14.33%	627	Buy 39.83%	947	Information Technology
				Sell 60.17%
29	LCID	5.23%	758	Buy 48.4%	808	Consumer Discretionary
				Sell 51.6%
30	VOO	-0.23%	1,300	Buy 87.31%	189
				Sell 12.69%

1	07-Jul-23		# Buy orders		# Sell orders	Total Buy & Sell orders
	Sum		66,157		61,355	127,512
	Ratio		52%		48%	101%

2	30-Jun-23		# Buy orders		# Sell orders
	Sum		56,050		59,850	115,900
	Ratio		48%		52%	92%

3	23-Jun-23		# Buy orders		# Sell orders
	Sum		62,890		53,001	115,891
	Ratio		54%		46%	92%

4	16-Jun-23		# Buy orders		# Sell orders
	Sum		67,016		64,161	131,177
	Ratio		51%		49%	104%

5	09-Jun-23		# Buy orders		# Sell orders
	Sum		70,836		68,464	139,300
	Ratio		51%		49%	111%

	Five fridays		# Buy orders		# Sell orders	Total Buy & Sell orders
	Average		64,590		61,366	125,956
						100%

GD_

MapG · July 14, 2023, 2:18pm

Could new highs be ahead?

It’s possible the long-awaited recession may occur much later than expected.

Fidelity Viewpoints

[July 2023 stock market outlook: New highs ahead? | Fidelity](July 2023 stock market outlook: New highs ahead? | Fidelity?

Key takeaways

The strength in stocks this year is at odds with rising Treasury rates and with the potential for further rate hikes.
The rally in stocks seems to be based on an expectation for a recovery in earnings by 2024.
If earnings recover as the consensus expects, and if we do get a soft landing, then it’s possible stocks could be on the road to new highs.
But there’s also a possibility that recession still comes—only much later than expected—in which case this year’s rally may have gotten ahead of itself.

While we’re now into the second half of the year, with every passing week the market seems to be sending only increasingly contradictory signals on what may lie ahead.

Just last week presented a study in contrasts. On the side of the bulls, the S&P® 500 equal-weighted index has seemed to be on the cusp of breaking through resistance to the upside. That is notable because this year’s rally in major market-cap-weighted indexes has largely been driven by just a handful of mega-cap names. A rally in equal-weighted indexes would suggest a more broad-based, and potentially sustainable, rally.

Past performance is no guarantee of future results. Fibonacci retracement lines represent potential support and resistance levels based on the mathematical relationship within the Fibonacci sequence. Percent levels are based on the difference between the market high in January 2022 and the market low in October 2022, with 38% representing a potential resistance level and 62% representing a potential support level. Source: FMRCo., Bloomberg, Haver Analytics.

But on the side of the bears, the bond market said “not so fast,” with yields spiking up on Treasurys of a variety of maturities. Several data points have come out in the past few weeks suggesting that the economy and employment still remain surprisingly resilient, and a particularly strong private-sector jobs report was released last week. This has all pointed to the possibility of inflation remaining stubborn, and further reinforced the potential for more rate hikes.