Daily Sector Snapshot — 2/23/24
Bespoke’s Morning Lineup — 2/23/24
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.
“I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” – Warren Buffett
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 rose more than 2% yesterday to close at a new all-time high, and as shown below, yesterday’s move pushed most areas of the US equity market up into extreme overbought territory.
Similar to the Nasdaq 100, yesterday was also the first time the S&P 500 had a one-day gain of at least 2% to close at a new all-time high since March 21st, 2000!
The green dots below show the 21 prior times the S&P had a 2%+ gain and closed at an all-time high since 1952. Yep, there have only been 21 prior occurrences over the last 70+ years.
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Bespoke’s Weekly Sector Snapshot — 2/22/24
Chart of the Day – Record Highs In Europe
Bespoke’s Morning Lineup — 2/22/24
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“We should not look back unless it is to derive useful lessons from past errors, and for the purpose of profiting by dearly bought experience.” – George Washington
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 and Nasdaq are both set to open at all-time highs this morning, but most notable is Japan’s Nikkei 225, which finally made a new all-time high after 34+ years!
After the Great Depression in the US, the S&P went 25 years without making a new all-time high, and Japan’s equity market beat that streak by nearly 10 years. As shown below, once the S&P finally did make that all-time high in the mid-1950s, it would go on to double in rather short order.
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Bespoke Baskets Update — February 2024
Daily Sector Snapshot — 2/21/24
The Triple Play Report — 2/21/24
An earnings triple play is a stock that reports earnings and manages to 1) beat analyst EPS estimates, 2) beat analyst sales estimates, and 3) raise forward guidance. You can read more about “triple plays” at Investopedia.com where they’ve given Bespoke credit for popularizing the term. We like triple plays as an indication that a company’s business is firing on all cylinders, with better-than-expected results and an improving outlook. A triple play is indicative of positive “fundamental momentum” instead of pure fundamentals, and there are always plenty of names with both high and low valuations on our quarterly list.
Bespoke’s Triple Play Report highlights companies that have recently reported earnings triple plays, and it features commentary from management on triple-play conference calls, company descriptions and analysis, and price charts. Bespoke’s Triple Play Report is available at the Bespoke Institutional level only. You can sign up for Bespoke Institutional now and receive a 14-day trial to read this week’s Triple Play Report, which features 28 new stocks. To sign up, choose either the monthly or annual checkout link below:
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Nova (NVMI) is an example of a company that reported an earnings triple play recently.
NVMI has an impressive earnings history, as shown in the snapshot below from our Earnings Explorer. The company has topped EPS and revenue estimates in each of its last 25 earnings reports. The streak of EPS beats goes back even further to 39 consecutive reports. Supporting the strong earnings performance is the growing adoption of its metrology solutions across semiconductor manufacturing processes. You can read more about NVMI and the 27 other triple plays in our newest report by starting a Bespoke Institutional trial today.
Bespoke Investment Group, LLC believes all information contained in these reports to be accurate, but we do not guarantee its accuracy. None of the information in these reports or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.
Chart of the Day: Dow Shake Up
Bespoke’s Morning Lineup — 2/21/24
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.
“Individuals who cannot master their emotions are ill-suited to profit from the investment process.” – 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.
Interestingly, yesterday was the fifth year in a row that the S&P fell on the day after President’s Day, and as shown below, the next month on the calendar has generally been one of the weaker periods of the year:
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