Feb 3, 2025
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.
“As has been often noted but seldom heeded, selling during a selling panic is rarely an effective strategy.” – Bill Miller
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Last Monday it was DeepSeek, this Monday it’s tariffs that have US equity futures trading down 1-2% ahead of the open. With President Trump ordering tariffs on imports from China, Mexico, and Canada over the weekend, below are price charts of ETFs covering these three countries plus the US (SPY). We include where each ETF is currently trading in the pre-market so you can see how big this morning’s declines are relative to the last six months of action. Yes, all four are set to open quite a bit lower, but all four will also still be above their lows seen over the last month or so. Mexico (EWW) is the only ETF of the group that will be near six-month lows if it opens at current levels.
Jan 31, 2025
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.
“The most important lesson an investor can learn is to be dispassionate when confronted by unexpected and unfavorable outcomes.” – Peter Bernstein
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
The S&P 500 ETF (SPY) is currently trading up roughly 0.4% pre-market, while the Nasdaq 100 ETF (QQQ) is up 0.8%. Apple (AAPL) is driving futures higher with a 4% pre-market gain after reporting mostly weaker-than-expected earnings yesterday after the close.
As shown below, all of the key US index ETFs across markets caps are currently in “neutral” territory.
Below is a look at how the biggest decliners during Monday’s sell-off have done since. There were 25 stocks in the S&P 1500 that fell more than 15% on Monday, and those names have averaged a bounce-back gain of 8.06% since Monday’s close. However, they’re still down an average of 13% on the week, so they have some work to do to recover Monday’s losses.
Jan 30, 2025
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 13 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.
Jan 29, 2025
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.
“Discrepancies – and hence opportunities – in securities originate most often when events move faster than quotations.” – Benjamin Graham
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Markets bounced back on Tuesday from Monday’s DeepSeek drop, and the S&P is entering Wednesday trading down just 58 bps on the week. Investors sold first and asked questions later on Monday, but once they did start asking questions, it seems as if cooler heads might be starting to prevail.
While AI Infrastructure stocks have fallen this week, the DeepSeek news has caused investors to contemplate an overall lower cost to compute on the AI front, which should benefit margins for companies in the AI Implementation space and also increase overall demand from consumers in the long run.
As shown below, NVDA’s drop in market cap this week has mostly been offset by gains in market cap for the other major mega-cap Tech and Tech-adjacent stocks. Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta (META), and Microsoft (MSFT) have seen a combined increase in market cap of $299 billion so far this week, while NVDA has seen a drop of $334 billion. On a net basis, the market cap for all six of these behemoths has only fallen $34.8 billion on the week.
Below is a quick snapshot of the six mega-caps mentioned above run through our Trend Analyzer tool. While NVIDIA (NVDA) is down 8.4% over the last week and in oversold territory, Meta (META) and Apple (AAPL) are both up more than 7%.
