Fortinet

  • FTNT

  • $57

  • -0.54%

  • $58

  • $58

  • $57

Ticker Appearances

Thu, February 8, 2024 | 3:48PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
Thu, February 8, 2024 | 3:48PM ET
Another day which is more interesting than the SPX net change might indicate with prices just marginally "green" at +0.06% at 4997.37 hovering just below 5000. Both Small and mid-caps are up sharply today, while both US Treasury yields and US Dollar have pushed higher. Large-Cap Tech influence is showing a rare period of underperformancce as FTNT -0.54% , AAPL 0.22% , ORCL 0.65% , AMD 1.28%  are all lower. Yet the strength of MPWR, ON, ANET, NXPI, AVGO gains are helping Semiconductor stocks and the broader equal-weighted Technology sector to show gains of more than 1%. Thus, while markets might seem flat today, Tech is actually showing some stellar outperformancel along with Equal-weighted Discretionary. Both of these RYT and RCD are up more than double what XLK 1.27%  and XLY 1.12%  are showing in Thursday's trading. As discussed previously, SPX 5000 has no real significance outside of psychological reasons, and likely should be surpassed next week.
Tickers

Tickers

Trending tickers in our research
Ticker Price Chg%
IWM
$224.43
+1.75%
NVDA
$113.00
+0.64%
COIN
$242.84
+4.89%
MARA
$21.56
+6.31%
XLF
$43.41
+1.57%
TSLA
$219.98
-0.12%
AMD
$140.09
+1.28%
LLY
$804.25
-2.06%
QQQ
$463.21
+1.08%
SMLR
$33.00
+2.71%

^Prices as of 2024-07-26 16:15:15