Nov 7, 2024
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 10 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.
Nov 6, 2024
Last week we published a Chart of the Day for subscribers highlighting the multi-year cup and handle pattern that bitcoin had formed and its similarities with gold’s (GLD) technicals.
On the back of President Trump’s victory last night, bitcoin’s price has now spiked more than $6,000 to trade at new all-time highs above $75,000. The post-election move looks like a clear breakout above all prior resistance levels. From a technical perspective, this breakout essentially marks the end of the cup and handle and the beginning of the post-cup and handle leg higher. Going forward, technicians will be looking for bitcoin’s prior all-time highs in the low $70,000s to now act as support.
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Nov 6, 2024
US equity markets are up big today after President Trump’s victory in last night’s election. The average stock in the Russell 1,000 is currently up 2.17%, while the Financials sector ETF (XLF) is up more than 5% on the day.
While many market prognosticators went into the 2016 election saying that a Trump victory would be terrible for the stock market, the same upside reaction that we’re seeing today occurred on the day after Trump’s victory in 2016. (And as a reminder, Dow futures fell 1,000+ points immediately following Trump’s victory back in 2016 before eventually flipping sharply higher.)
The underlying action in the stock market today looks remarkably similar to the action we saw on this same day in 2016.
Below is a look at the average performance of stocks in the Russell 1,000 today broken out by sector versus how they performed on the day after the 2016 election.
The three sectors that are selling off today are the same three that sold off following Trump’s win in 2016: Real Estate, Utilities, and Consumer Staples.
On the flip side, the three sectors performing the best today are the same three that performed the best in 2016: Industrials, Energy, and Financials.
Notably, the three best and worst performing sectors today were also the three best and worst performing sectors on the day after Trump won in 2016.
In the middle of the pack, we’re seeing Technology and Communication Services outperform their 2016 action today, although Communication Services didn’t have some of the big social media companies in it eight years ago. And Health Care and Materials — while still up — aren’t performing as well today as they did back in 2016.
While it may be tempting to pile into the three sectors performing the best today because of Trump’s victory, the three sectors that performed the best on the day after Election Day 2016 ended up being some of the worst-performing sectors during Trump’s first four-year stint in office.
As mentioned above Financials, Energy, and Industrials were the three best-performing sectors on the day after the election in 2016, and they’re also the three best-performing sectors today. As shown below, though, Energy (XLE) would go on to fall 49% from the day after the 2016 election through the day before the 2020 election, while Financials (XLF) was the second worst sector ETF during that time frame and Industrials (XLI) was on the lower end of the performance pack. On the flip side, it ended up being Technology (XLK) and Consumer Discretionary (XLY) that performed the best between the 2016 and 2020 elections even though they weren’t big standouts on the day after the 2016 election.
As far as the action goes today, Financials are soaring. Below is a look at the 20 best-performing stocks in the Russell 1,000 so far today. 14 of the 20 are from the Financials sector, and all of them are up more than 12%. Outside of the Financials, Tesla (TSLA) is also on the list with a gain of more than 13%. Given Elon Musk’s very vocal support of President Trump this election cycle, the action in TSLA should come as no surprise.
Like this content? We think you’ll love our premium equity market research. Below are two Bespoke membership options to choose from. Start a two-week trial to one of them today!
Nov 5, 2024
Bespoke’s Consumer Pulse Report is an analysis of a huge consumer survey that we run each month. Our goal with this survey is to track trends across the economic and financial landscape in the US. Using the results from our proprietary monthly survey, we dissect and analyze all of the data and publish the Consumer Pulse Report, which we sell access to on a subscription basis. Sign up for a 30-day free trial to our Bespoke Consumer Pulse subscription service. With a trial, you’ll get coverage of consumer electronics, social media, streaming media, retail, autos, and much more. The report also has numerous proprietary US economic data points that are extremely timely and useful for investors.
We’ve just released our most recent monthly report to Pulse subscribers, and it’s definitely worth the read if you’re curious about the health of the consumer in the current market environment. Start a 30-day free trial for a full breakdown of all of our proprietary Pulse economic indicators.
