bullish
Weekly Stock Bullfinder - Week of 7/24
SUMMARY
- So far in 2023, mega-cap growth names such as Meta, Nvidia, Microsoft, and Netflix have continued to provide market leadership resulting in a 41% YTD gain in the QQQ ETF.
- However, last week saw notable rotation away from technology (XLK) to the healthcare, energy, and financial sectors.
- This came off the backs of notable technology heavyweights Tesla and Netflix earnings reports and investors selling off these names after their earnings prints this week.
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