Qorvo

  • QRVO

  • $69.62

  • +0.81%

  • $68.32

  • $69.92

  • $67.71

Ticker Appearances

Daily Technical Strategy
Mon, November 4, 2024 | 7:02PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Software continues to make strides vs. Semiconductors

EQUITY TRENDS REMAIN BULLISH FROM EARLY AUGUST BUT HAVE SHOWN MILD CONSOLIDATION OVER THE LAST TWO WEEKS WHICH HAS RESULTED IN A 2% DECLINE IN...

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Mon, September 16, 2024 | 12:01PM ET

⚡ FlashInsights

Mon, September 16, 2024 | 12:01PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Heading into Europe's close, we see a moderate rally in US Equities that has been largely disguised by weakness in AAPL 0.53%  which is falling by the most it has in a month. While Equal-weighted S&P 500 did rise to a record high today early in trading before giving back some of these gains, 10 of 11 sectors are higher today on an Equal-weighted basis, with only Technology being dragged down. This Tech weakness isn't as apparent when eyeing RYT which is just lower by -0.26% but XLK -0.57%  is down -0.67% as AAPL along with SKYW -2.07% , QRVO 0.81%  MU -3.42% , TER 0.62% , and AVGO 3.41%  are all down more than 3%. Thus, Semiconductors are down, but the broader market is acting fine, with Financials, Energy, REITS and Utilities all higher by more than +0.50% and even Healthcare is up by +0.47%. Overall, it's important to recognize that the US stock market is made up by more than just AAPL 0.53% , but Technology's negative performance today is dragging down the major US Benchmark indices like SPX and NASDAQ, while DJIA is positive, DJ Transportation Avg is positive and RSP -0.26%  is higher by over +0.30%.
Tickers
Thu, August 29, 2024 | 11:58AM ET

⚡ FlashInsights

Thu, August 29, 2024 | 11:58AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
^SPX -0.51%  looks to be kicking off its push back to new highs with about 10 more trading hours left in the month of August. As you can see, the short-term hourly trend connecting former minor peaks since this past Monday has been exceeded. this should drive price up to 5682, then 5700. Breadth is a bit better than 2/1 bullish and volume also 2/1 positive. 9 of 11 sectors are positive and the only down sectors are defensive- REITS and Staples. While Energy, Industrials, Discretionary, Healthcare and Tech are all up more than +0.75%. Despite NVDA being down fractionally (At 6% of SPX), SPX is still managing to push higher by +0.68%, led by BBY 1.53%  COO -2.58%  CRWD 0.42%  WST 4.21%  HPQ 1.88%  GEV -3.87%  PANW -0.05%  QRVO 0.81%  and INTC 3.18%  all higher by more than 4% today
Tickers

Daily Technical Strategy
Wed, April 12, 2023 | 7:41PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

WTI Crude’s push to new 2023 highs should benefit Energy

Wednesday’s roller-coaster ride post CPI report failed to answer many questions on the near-term direction for US stock indices, and movement lower under the ongoing...

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First Word
Wed, July 13, 2022 | 7:50AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Updating Granny Shots. Is June the last "really bad" CPI, enabling Fed reaction function shift from "expeditious" to "measured"

The story for much of 2022 has been that of markets and Fed trying to keep up with surging inflation. And as the chart below...

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