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Momentum Monday – Another Sector Rotation

Published 07/10/2018, 01:07 AM
Updated 07/09/2023, 06:31 AM
AMZN
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V
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NFLX
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GDOT
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META
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SPXSTN
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TWTR
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SHOP
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PYPL
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SQ
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SPSY
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SPNY
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SPLRCI
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Bull markets are defined by constant sector rotation. Large-cap tech stocks like Netflix Inc (NASDAQ:NFLX), Amazon.com Inc (NASDAQ:AMZN), and Facebook Inc (NASDAQ:FB) started their usual pre-earnings rise last week. So far this week, we are seeing a rotation into the so-called “old-economy” sectors like Financials, Transportation, Energy, and Industrials.

We take a dive into the stocks that define the Internet in the U.S. and most of the world – Twitter Inc (NYSE:TWTR), FB, NFLX, Square Inc (NYSE:SQ), Shopify Inc (NYSE:SHOP), PayPal Holdings Inc (NASDAQ:PYPL), Visa Inc (NYSE:V), Green Dot Corporation (NYSE:GDOT), and share some new ideas.

Disclaimer: everything on this show is for informational and educational purposes only. The ideas presented are not recommendations to buy or sell stocks. The material presented here might not take into account your specific investment objectives. I may or I may not own some of the securities mentioned. Consult your investment advisor before acting on any of the information provided here.

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