Nasdaq, Growth Stocks Bounce Back; Google, Alibaba, Intuitive Surgical In Focus | Stock Market Today | Summary and Q&A

TL;DR

The stock market experienced mixed signals this week, with the NASDAQ reversing higher and major indexes looking relatively healthy despite some seismic movements. It's important to consider individual stock performance and portfolio exposure in this market.

Key Insights

• 👷 The market showed mixed signals with the NASDAQ reversing higher, but significant losses in construction and industrial firms and hammering of growth stocks.
• ❤️‍🩹 Portfolio exposure should be scaled back, and selling into strength at the end of the quarter could have been a good move.
• 🙂 The S&P 500 had a slight pullback, indicating potential opportunities to buy off moving averages.
• 🛀 The Dow showed strength in non-industrial areas such as healthcare and energy, while the Russell 2000 struggled.
• 🛀 Some China-related stocks, like Alibaba, showed positive momentum, but caution is advised due to potential tensions.
• 😷 Medical sector stocks are worth considering due to their defensive growth characteristics.
• 🤗 Flexibility and an open mind are crucial in navigating the market's uncertainties.

Transcript

foreign foreign good afternoon everyone and welcome to stock market today it's Ali Corman Ed Carson here with a look at the action in today's session and a recap of the week as it is the shortened trading week before the Easter holiday and Good Friday tomorrow with the market being closed but today we did see the NASDAQ notably reverse higher ed ye... Read More

Questions & Answers

Q: How did the major indexes perform this week?

The NASDAQ experienced a reversal and looked healthy, while the S&P 500 had a slight pullback. The Dow and Russell 2000 showed mixed action, suggesting uncertainty in rotations.

Q: How should portfolio exposure be handled in the current market conditions?

It is advisable to scale back portfolio exposure, especially after the end of the quarter. Selling into strength could have been a good move. However, stock performance and triggers for selling should also be considered.

Q: What sectors showed strength in the market?

The Dow showed strength in non-industrial areas, particularly in healthcare and energy. The market had recession risks, and some China-related stocks showed positive momentum.

Q: Is it a good time to consider stocks in the medical sector?

Yes, the medical sector is worth considering as it has shown strength and defensive growth. However, investors should also be cautious due to upcoming earnings and the potential for tensions between the US and China.

Summary & Key Takeaways

• The NASDAQ showed a reversal and looked relatively healthy, but there were significant losses in construction and industrial firms, as well as hammering of growth stocks.

• Portfolio exposure should be scaled back, and selling into strength at the end of the quarter could have been a good move. However, the performance of individual stocks is crucial in determining portfolio action.

• The S&P 500 had a slight pullback, and the Dow and Russell 2000 showed mixed action, indicating uncertainty regarding the strength of rotations in the market.