Bespoke’s Morning Lineup – 4/18/24

See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium.  CLICK HERE to learn more and start your trial.

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

Morning stock market summary

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

Futures are trading slightly higher this morning, but that’s nothing new as we’ve seen a number of days in the last week or two start higher only to roll over and sell-off into the close.  We cover the recent intraday selling on page four of this morning’s report.

At the end of March, most US equity index ETFs were trading in overbought territory, but now it’s the opposite as shown in the snapshot from our Trend Analyzer below.  Small-caps and the Dow are at the most extreme oversold levels.

The percentage of stocks in the S&P 500 that are overbought versus oversold has completely flipped as well, with 46% of the index now oversold compared to just 6% that remain overbought.

For much more analysis of global equities and economic readings released this morning, read today’s full Morning Lineup with a two-week Bespoke Premium trial.

The Bespoke Report — Equity Market Pros and Cons — Q2 2024

This week’s Bespoke Report is an updated version of our “Pros and Cons” edition for Q2 2024.

With this report, you’re able to get a complete picture of the bull and bear case for US stocks right now.  It’s heavy on graphics and light on text, but we let the charts and tables do the talking!

On page three of the report, you’ll see a full list of the pros and cons that we lay out.  Slides for each topic are then provided on page four and beyond.

To read this report and access everything else Bespoke’s research platform has to offer, sign up for Bespoke’s 50/20 special today.  Our 50/20 special gets you a full year of Premium for half off, then 20% off per month after the first year.  SIGN UP HERE.

The Bespoke 50 Growth Stocks — 4/11/24

The “Bespoke 50” is a basket of noteworthy growth stocks in the Russell 3,000.  To make the list, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke’s analysis.  There were 7 changes to the list this week.

The Bespoke 50 is available with a Bespoke Premium subscription or a Bespoke Institutional subscription.  With Bespoke Premium, you’ll receive a number of daily market updates from us along with our weekly newsletter and a portion of our investor tools.  With Bespoke Institutional, you’ll receive everything that’s included with Premium plus additional daily macro analysis and more stock-specific research.

To see all 50 stocks that currently make up the Bespoke 50, simply start a two-week trial to Bespoke Premium or Bespoke Institutional.

The Bespoke 50 performance chart shown does not represent actual investment results.  The Bespoke 50 is updated monthly on Thursdays unless otherwise noted.  Performance is based on equally weighting each of the 50 stocks (2% each) and is calculated using each stock’s opening price as of Friday morning after publication.  Entry prices and exit prices used for stocks that are added or removed from the Bespoke 50 are based on Friday’s opening price.  Any potential commissions, brokerage fees, or dividends are not included in the Bespoke 50 performance calculation, but the performance shown is net of a hypothetical annual advisory fee of 0.85%.  Performance tracking for the Bespoke 50 and the Russell 3,000 total return index begins on March 5th, 2012 when the Bespoke 50 was first published.  Past performance is not a guarantee of future results.  The Bespoke 50 is meant to be an idea generator for investors and not a recommendation to buy or sell any specific securities.  It is not personalized advice because it in no way takes into account an investor’s individual needs.  As always, investors should conduct their own research when buying or selling individual securities.  Click here to read our full disclosure on hypothetical performance tracking.  Bespoke representatives or wealth management clients may have positions in securities discussed or mentioned in its published content.