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Ticker Appearances

Daily Technical Strategy
Tue, July 9, 2024 | 8:29PM ET

Attractive areas within Consumer Discretionary to consider

US EQUITY TRENDS REMAIN BULLISH AND MILDLY OVERBOUGHT AFTER THIS RECENT EARLY JULY RUN-UP, AND IT REMAINS DIFFICULT TO FADE SPX OR QQQ AHEAD OF...

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First to Market
Wed, February 28, 2024 | 8:17AM ET

Cats as Oracles

A daily market update from FS Insight — what you need to know ahead of opening bell "The best way to predict the future is...

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Daily Technical Strategy
Tue, February 27, 2024 | 7:19PM ET

Consumer Discretionary clawing back & worth watching

EQUITY TRENDS SHOW NO EVIDENCE OF WAVERING -  SPX TRENDS REMAIN POSITIVE AND PRICES HAVE PUSHED THROUGH THE PRESIDENTS’ DAY WEEKEND WITH LITTLE TO NO...

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Tue, February 27, 2024 | 3:59PM ET

⚡ FlashInsights

Tue, February 27, 2024 | 3:59PM ET
Discretionary is making good strides lately, with the Equal-weighted Invesco Consumer Discretionary/Equal-weighted S&P ETF ratio (RCD/RSP -0.11% ) moving to multi-week highs as stocks like AZO -2.82%  CCL -1.50%  CZR 5.27%  HAS -0.73%  NCLS ORLY -0.61%  VFC -2.70%  TSCO 0.72%  all showing above-avg gains in today's trading. However, on a larger scale, there hasn't yet been a material breakout to suggest intermediate-term outperformance in Consumer Discretionary. However, i do suspect this happens in 2024, and once this larger downtrend is broken in the relative ratio of RCD to RSP -0.11% , we'll see some outsized relative strength in Discretionary names. as this sector will begin to outperform in the near-term, technically. It's early to overweight, but I'll be watching and this Discretionary sector certainly has some names of interest. As many know, i favor the Homebuilders like LEN -0.63% , PHM -0.91%  and DHI -1.15%  along with AMZN -0.20%  and DPZ -1.73%  (on my UPTICKS list) but also feel like the Casinos and Cruise-liners are attractive stocks for mean reversion outperformance for 2024. I like CCL -1.50% 's move today for example technically which is exceeding a 2 month downtrend and this might jumpstart this stock in the short run. Below is the ratio of Discretionary to S&P 500, both shown in Equal-weighted terms

Daily Technical Strategy
Tue, May 16, 2023 | 7:45PM ET

Retail continues to be a drag on Discretionary

TREND STILL BULLISH -  EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 – While many would correctly call the sideways grinding in US Indices like SPX neutral...

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