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November 14, 2024

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The post-election euphoria may have taken a breather on Tuesday, as the US stock market indexes closed lower. The tech-heavy Nasdaq Composite ($COMPQ) was only lower by 0.09%, whereas the S&P 600 Small Cap Index ($SML) was down the most—it closed lower by 1.54%.

A MarketCarpets Ride

On a day when the equity indexes closed lower, Tuesday’s StockCharts’ MarketCarpets shows that the downward move was mostly from a handful of sectors. Materials, Health Care, Real Estate, Utilities, Industrials, and Energy were the worst hit. Consumer Discretionary was also hit hard, except for Amazon.com, Inc. (AMZN), the highest cap-weighted stock in the sector.

FIGURE 1. MARKETCARPET FOR TUESDAY. Although a lot of sectors were a sea of red, the Mag 7 stocks closed higher.Image source: StockCharts.com. For educational purposes.

What stands out in the MarketCarpet is that the heavily weighted Mag 7 stocks, NVDA, MSFT, GOOGL, AMZN, META, and NFLX, closed higher for the day. AAPL was the exception—it closed unchanged. So, it’s unsurprising that Communication Services and Technology were Tuesday’s top performers.

Because most of the largest cap-weighted stocks closed higher, pulling up the Nasdaq 100 Equal-Weighted Index ($NDXE) chart made sense. The daily chart below shows that the index is still bullish despite Tuesday’s pullback, a decline of -0.41%. $NDXE broke above its July high post-election and is trading relatively close to its all-time high.

FIGURE 2. DAILY CHART OF NASDAQ 100 EQUAL WEIGHTED INDEX ($NDXE). Even though the large cap-weighted stocks performed well, the equal-weighted index is also bullish despite underperforming the Nasdaq 100 Index ($NDX).Chart source: StockCharts.com. For educational purposes only.

The last bar on the chart hit the November 7 (the last large body day) low and bounced back. Since the long body of November 7, there are now three short bodies, suggesting that market participants aren’t decisive in one way or another (see the candlestick bars within the green rectangle).

Note that $NDXE is underperforming relative to the Nasdaq 100 Index ($NDX), which isn’t unusual. What is interesting to see is that the relative performance is declining. This may mean that we could see a rotation into Technology and Communication Services as the year plays out.

Finding Stocks Using MarketCarpets

With many mega-cap tech stocks trading at elevated prices, does this mean the less sought-after smaller-cap tech stocks won’t see much upside movement? Not necessarily. One way to identify some of the smaller-weighted tech stocks is to look for technically strong stocks within the top-performing sector that are lower priced.

For example, expand the Technology sector in the MarketCarpet (click Technology header) and follow the path below:

Select SCTR from Measurements > 1M Change from Color By > Equal Weight from Size By.

I use the equal weight because it makes it easier to identify the different stocks. Note that this is just an example; you can use any parameters that meet your investing needs.

The screenshot below is the result of the above-mentioned selection criteria.

FIGURE 3. DIVING DEEPER INTO THE TECHNOLOGY SECTOR. Organizing the MarketCarpets by SCTR and equal weight makes it easier to identify the technically strong stocks.Image source: StockCharts.com. For educational purposes.

The table on the right displays the top performers based on your selected criteria. Mouse over the squares of those top performers and, from the thumbnail chart, identify the stocks that meet your price-per-share threshold. Then, double-click on the tile in the MarketCarpet to see the Symbol Summary page for your selected stock. From here, you can do a deeper analysis; if the stock has upside potential, add it to an appropriate ChartList. Set a price alert so you’re notified when the alert is met.

The bottom line: The stock market offers many opportunities. The key to taking advantage of those opportunities lies in your market analysis. The StockCharts MarketCarpets help you do a top-down analysis of the market to identify stocks or ETFs to trade.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

With thousands of extra security personnel deployed on the streets of Paris and a “double ring” of security thrown around the national stadium, France is taking no chances with Thursday’s soccer match with Israel.

After shocking scenes of violence in Amsterdam last week – with accusations of an organized “hunting” of Jews following days of unrest with fans of visiting Israeli club Maccabi-Tel Aviv – the French capital is determined to avoid a repeat.

Some 4,000 officers and 1,600 stadium staff will be deployed to police the game, with about 2,500 of those officers around the stadium itself, Paris police chief Laurent Nunez said.

The elite RAID police unit will be present inside the ground, according to France’s interior minister, and an “anti-terrorist security perimeter” will ensure two separate ID checks and searches for attendees.

This fixture comes just days after several nights of clashes in Amsterdam, when at least five people were treated in hospital and dozens were arrested after Israeli fans were attacked following Maccabi Tel Aviv’s 5-0 defeat to Ajax in violence condemned as antisemitic by authorities in the Netherlands and Israel.

Tensions had been rising ahead of last Thursday’s match in the Dutch capital. Multiple social media videos showed Maccabi fans chanting anti-Arab slurs, praising Israeli military attacks in Gaza and yelling “f**k the Arabs.” Maccabi supporters also tore down flags, vandalized a taxi and set a Palestinian flag on fire, Amsterdam police said.

This Thursday’s UEFA Nations League match between France and Israel will take place in the Stade de France, the centerpiece of Paris’ 2024 Olympic Games, and about 20,000 fans are expected to attend, according to Nunez. The police chief added that there was low demand for tickets to the game in a stadium that can accommodate some 80,000 spectators.

The supporters of the Israeli national side will likely differ from the fans at Amsterdam’s Maccabi match – some of whom have a reputation for hooliganism and violence.

On Sunday, Israel specifically warned its citizens against attending the match over fears for their safety. Even so, officials are determined for the game to go ahead.

French Interior Minister Bruno Retailleau has refused to cancel or move the match, telling parliamentarians that doing so would amount to “giving in to sowers of hate.” Instead, the country’s flagship stadium will be turned into a veritable fortress.

But the match won’t only be notable for its security.

Macron will be joined by his prime minister and two former presidents, Francois Hollande and Nicolas Sarkozy, in a rare display of unity.

An iron-fisted response

This game comes at a particularly tense time for politics and sport in France.

Last week, Retailleau demanded answers from Paris Saint-Germain, the city’s main club, after fans unfurled an enormous “Free Palestine” display in the stands at a Champions League tie.

Following the match, Retailleau posted on X that clubs should be wary that, “politics does not come to damage sport, which must always remain a force for unity,” promising in a later radio interview that “nothing was off the table” in terms of sanctions against clubs that refuse to toe the line and police “political” banners.

The minister set an aggressive tone in his first months in office and his response to the Amsterdam attacks was no different. In a move unprecedented even since the Hamas-led October 7 assault on Israel last year and the ongoing war in Gaza that followed, Retailleau called for prosecutors to investigate a far-left lawmaker’s post about the violence in the Dutch capital.

Marie Mesmeur had posted that the Israelis attacked in Amsterdam, “were not lynched because they were Jewish, but because they were racist and supported genocide.”

The official French response could not be more different.

Macron said the incidents, “recalled the most shameful hours of history,” in sentiments mirrored by top French officials in a flurry of X posts.

France – like much of Europe and North America – has grappled with spiking antisemitism in recent years, which has only been accentuated by the October 7 attacks and Israel’s bloody campaigns in Gaza and Lebanon.

In France specifically, less than 1% of the French population is Jewish, yet Jews are victims of 57% of all racist and antireligious attacks in the country, Retailleau told lawmakers on Tuesday.

France is home to Europe’s largest Jewish population and one of the continent’s biggest Muslim populations. In recent years, French far-right politicians have clamored to claim the moral high ground around antisemitism.

All this comes amid a diplomatic spat between Paris and Tel Aviv. Just this week, the Israeli ambassador in Paris was summoned to the French foreign ministry after two French policemen were briefly detained in Israeli-occupied East Jerusalem.

France’s government has attempted to tread a difficult path between responding to Hamas’ attacks on Israel and growing antisemitism at home, and outrage at Israel’s destruction in Gaza and elsewhere. Yet, in the light of recent events in Amsterdam, it is keen to show its commitment to protecting French Jews: Thursday’s match offers the perfect opportunity.

This post appeared first on cnn.com

Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched.

The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. Netflix said it continues “to see positive momentum and growth across all areas of the business,” adding it has seen “steady progress across all countries’ member bases.”

Netflix launched the option in November 2022 as one of its responses to a slowdown in subscriber growth.

Recently, subscriber growth hasn’t been an issue. Last month Netflix reported it added 5.1 million subscribers during the third quarter, beating Wall Street estimates. In total, Netflix counts 282.7 million memberships across all of its pricing tiers.

Beginning next year, Netflix said it will no longer update investors on its subscriber numbers as it shifts focus toward revenue and other financial metrics as performance indicators.

When Netflix launched its ad platform two years ago, the company said Nielsen would rate its content.

Netflix in May announced it would air two National Football League games on Christmas Day this year as part of a three-year deal. On Tuesday it said it sold out of its ad inventory for the two live games.

Netflix also said it’s brought on FanDuel and Verizon as advertisers for the games. FanDuel will become the exclusive pregame sportsbook betting partner, Netflix said, and will have a sponsored in-show feature.

Media companies have been focusing on ad-supported strategies for their streaming options that woo customers with cheaper plans and also offer advertising revenue that can help move the streaming businesses toward profitability. While the ad market has been slow for traditional TV, it has grown for streaming and digital businesses.

Netflix offered its last update on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. That announcement came during Upfronts, when media companies make their pitches to advertisers.

Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology. It’s rolled out the platform in Canada and plans to launch it in the U.S. by the end of the second quarter next year. It plans to set the platform live everywhere by the end of 2025.

This post appeared first on NBC NEWS