Market Still Shaky, But Watch Growth Stocks Shift4Payments, Celsius, Impinj | Stock Market Today

TL;DR

The stock market closed with mixed results for the week, with the S&P 500 slightly up, the NASDAQ Composite down, and the Dow Jones Industrial Average performing well. Growth stocks continue to struggle while sectors like healthcare and industrials show resilience.

Transcript

foreign good afternoon everyone and welcome to stock market today it's December 23rd 2022 and you've got Justin Nielsen here along with Ed Carson and we're going to wrap up what happened for the day and also for this week heading into a long holiday weekend so uh on the show today we're going to be talking about a few stocks including shift for pay... Read More

Key Insights

• 😚 The stock market closed with mixed results, with growth stocks facing challenges while sectors like healthcare and industrials show resilience.
• 💐 Equal-weighted ETFs like RSP and QQQE indicate some underlying strength in the market.
• 👲 The small-cap sector has struggled, while the Dow Jones Industrial Average performs relatively well.
• 🛀 The healthcare sector has shown resilience due to its defensive growth nature.
• 📶 Shift4 Payments (FOUR), Celsius (CELH), and Impinj (PI) are stocks showcasing strength and potential opportunities in the current market.
• 🖤 Investors should approach the final week of the year cautiously given the uncertainty and potential lack of liquidity.
• 😫 Reviewing trades from the past year and setting goals for the upcoming year can be beneficial during this time.

Questions & Answers

Q: What were the major indexes' performance for the week?

The S&P 500 closed slightly up, the NASDAQ Composite was down, and the Dow Jones Industrial Average showed resilience with a positive performance.

Q: Why are growth stocks struggling in the current market?

Growth stocks have faced challenges due to the overall market rally being under pressure. They have experienced broad-based losses, and even niche growth stocks have struggled.

Q: Which sectors have shown resilience in the market?

The healthcare sector, represented by XLV, has shown resilience due to its defensive growth nature. Some industrial stocks, as seen in XLI, have also performed well.

Q: What stock updates were discussed?

Shift4 Payments (FOUR) showed strength with solid growth and resilience, Celsius (CELH) formed a potential base, and Impinj (PI) held up well above its 10-week moving average line.

Summary & Key Takeaways

• The stock market had a volatile week, with major indexes hitting new lows since early November but bouncing back slightly. The market rally is under pressure, with growth stocks facing challenges.

• The NASDAQ Composite performed poorly, with broad-based losses seen in the group. Equal-weighted ETFs like RSP and QQQE show some underlying strength in the market.

• The small-cap sector, as represented by the Russell 2000, has struggled since crossing the 200-day moving average line. The Dow Jones Industrial Average continues to perform relatively well, with strength in select industrial stocks.

• The healthcare sector, represented by XLV, has shown resilience in a weak market due to its defensive growth nature. On the other hand, the semiconductor sector, represented by SMH, has been disappointing.

• Stock updates include Shift4 Payments (FOUR) showing strength with solid growth and resilience, Celsius (CELH) forming a potential base on top of its 200-day moving average line, and Impinj (PI) holding up well above its 10-week moving average line.