This Week's Stock Ideas

Monday, February 24, 2025

Good morning everyone, and welcome to all who recently joined!

Last week, we saw volatility at its finest. U.S. equity markets hit all-time highs and then got absolutely crushed on Friday, with only two sectors that managed to close flat. The fundamentals that took us to all-time highs did not evaporate overnight therefore, this seems to be a panic sell at the top with a combination of profit-taking. The S&P 500 has strong psychological support at 6,000 and technical support at 5,950. We are looking for these levels to hold, and if they do, we could get a sharp bounce as short sellers get trapped. If we get a daily close below 5,950, the selling could intensify. Keep an eye on these levels, as they are a near-term roadmap.

Check out this week’s trade ideas.

Last week’s sector performance