Pro Update 7-23-24

by Lucas Downey All, MAP Pro

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Lucas Downey
Lucas Downey
Lucas is co-founder of MoneyFlows. His full bio can be found here. Prior to MoneyFlows, he was Head of ETF Sales at Cantor Fitzgerald & SVP of Derivatives at Jefferies, LLC.

4 Comments

After listening to the update, and reading between the lines, should large cap infotech stocks be sold? I own many stocks that fit this category that have been mentioned here. AMAT; AMD; ANET; CRM; FSLR; KLAC; NXPI; and ORCL for instance. I believe these are all large cap info tech stocks.
Hey Gary, The data overwhelmingly suggests momentum is gaining for small caps - and should continue. Large cap tech has had a wonderful run and could see healthy profit -taking if this rotation plays out like history. We still want to bet on top tech names and see any pullbacks as short lived. Many semiconductor companies have multi year tailwinds we wouldn’t want to jump from.
Shouldn’t the crypto stocks be a focus as well such as $MSTR, $COIN, $CORZ? The ~27% correction has ended and these stocks will run 3rd and 4th quarter. Appreciate the service and have done well with the data and suggested stock picks.
We haven’t found those names to rank high enough to mention. If that changes we will focus there. Lots of risk and FOMO in that area of the market and extreme volatility.

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