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AFTER MARKET UPDATE - THURSDAY, DECEMBER 5TH, 2024
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DOW |
-248.33 |
44,765.71 |
-0.55% |
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Volume |
986,213,397 |
+4% |
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Volume |
7,253,352,800 |
-11% |
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NASDAQ |
-34.86 |
19,700.26 |
-0.18% |
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Advancers |
1,103 |
41% |
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Advancers |
1,473 |
34% |
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S&P 500 |
-11.38 |
6,075.11 |
-0.19% |
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Decliners |
1,610 |
59% |
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Decliners |
2,826 |
66% |
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Russell 2000 |
-30.39 |
2,396.17 |
-1.25% |
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52 Wk Highs |
146 |
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52 Wk Highs |
270 |
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S&P 600 |
-22.26 |
1,509.25 |
-1.45% |
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52 Wk Lows |
30 |
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52 Wk Lows |
142 |
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Major Indices Pulled Back Slightly from Record Highs
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The S&P 500 (-0.2%), Nasdaq Composite (-0.2%), and Dow Jones Industrial Average (-0.6%) each ended slightly lower and the Russell 2000 ended -1.3% lower. Volume totals were mixed, higher than the prior session total on the NYSE and lighter on the Nasdaq exchange. Breadth was negative as decliners led advancers by more than a 4-3 margin at the NYSE and by a 2-1 margin at the Nasdaq exchange. There were 59 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 55 on the prior session. New 52-week highs totals outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange. The major indices are in a confirmed uptrend (M criteria). Disciplined investors know that new buying efforts are only to be made in stocks meeting all key criteria of the fact-based investment system.
PICTURED: The Nasdaq Composite Index is perched at its all-time high.
The cryptocurrency market showed notable strength, with Bitcoin surging above $100,000. Tesla (TSLA +3.2%) and Amazon.com (AMZN +1.1%) posted influential gains, helping to boost the S&P 500 consumer discretionary sector (+1.0%). American Eagle Outfitters (AEO -14.3%) fell and Five Below (FIVE +10.5%) rose, as both were standouts in the retail space after reporting earnings results.
The 10-year yield settled unchanged at 4.18%. The 2-year yield ended at 4.15%, three basis points higher. OPEC+ agreed to extend the additional voluntary adjustments of 2.2 million barrels per day announced in November 2023 until the end of March 2025. WTI crude oil futures settled -0.4% lower at $68.30/bbl.
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Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.
Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. |
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Retail and Bank Indexes Rose; Semiconductor Index Led Decliners
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Retail Index ($RLX +0.64%) and the Bank Index ($BKX +0.55%) both posted modest gains while the Broker/Dealer Index ($XBD -0.18%) ended slighgtly lower. The tech sector had a negative bias the Semiconductor Index ($SOX -1.86%) and the Biotech Index ($BTK -0.71%) both outpaced the Networking Index ($NWX -0.25%) to the downside. Energy-linked groups were mixed as the Integrated Oil Index ($XOI +0.36%) inched higher and the Oil Services Index ($OSX -0.70%) lost ground. The Gold & Silver Index ($XAU -0.56%) also edged lower.
PICTURED: The Semiconductor Index ($SOX -1.86%) ended lower, meeting resisatnce near its 50-day moving average (DMA) line and slumping back below its 200 DMA line.
| Oil Services |
$OSX |
78.19 |
-0.55 |
-0.70% |
-6.78% |
| Integrated Oil |
$XOI |
1,885.60 |
+6.71 |
+0.36% |
+1.24% |
| Semiconductor |
$SOX |
5,026.37 |
-95.42 |
-1.86% |
+20.38% |
| Networking |
$NWX |
1,227.98 |
-3.04 |
-0.25% |
+47.45% |
| Broker/Dealer |
$XBD |
847.01 |
-1.52 |
-0.18% |
+51.99% |
| Retail Index |
$RLX |
5,274.48 |
+33.53 |
+0.64% |
+35.63% |
| Gold & Silver |
$XAU |
150.64 |
-0.85 |
-0.56% |
+19.85% |
| Bank |
$BKX |
135.55 |
+0.75 |
+0.55% |
+41.17% |
| Biotech |
$BTK |
5,983.06 |
-42.85 |
-0.71% |
+10.41% |
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Extended From Prior Base and Perched at High
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Howmet Aerospace Inc (HWM -$0.02 or -0.02% to $120.07) remains perched at its all-time high, extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50-day moving average (DMA) line ($108) defines near-term support to watch on pullbacks. Fundamentals remain strong.
HWM reported Sep '24 quarterly earnings +54% on +11% sales revenues versus the year-ago period, continuing its strong earnings track record. It has a 96 Earnings Per Share Rating, well above the 80+ minimum guideline for buy candidates. Annual earnings (A criteria) history has improved after a downturn in FY '19-20.
The number of top-rated funds owning its shares rose from 1,609 in Sep '23 to 1,864 in Sep '24, a reassuring sign concerning the I criteria. HWM was highlighted in yellow with pivot point cited based on its 5/28/24 high plus 10 cents in the 7/30/24 mid-day report. It was last shown in this FSU section on 11/05/24 under the headline "Found Support at 50-Day Moving Average Line Before Earnings Report".
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Color Codes Explained :
Y - Better candidates highlighted by our
staff of experts.
G - Previously featured
in past reports as yellow but may no longer be buyable under the
guidelines.
***Last / Change / Volume data in this table is the closing quote data***
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
USLM
-
NASDAQ
U.S. Lime & Minerals
Bldg-Cement/Concrt/Ag
|
$150.45
|
-1.19
-0.78% |
$151.52
|
155,011
178.17% of 50 DAV
50 DAV is 87,000
|
$159.53
-5.69%
|
9/17/2024
|
$71.26
|
PP = $87.23
|
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MB = $91.59
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Most Recent Note - 12/5/2024 12:21:12 PM
G - Very extended from any sound base, pulling back from its all-time high with today's 3rd consecutive volume-driven loss. Its 50 DMA line ($120) defines important near-term support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Extended From Any Sound Base After Impressive Rally - 11/12/2024 |
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C
A
S
I |
GVA
-
NYSE
Granite Construction
Bldg-Heavy Construction
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$98.81
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-1.39
-1.39% |
$105.20
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559,410
88.10% of 50 DAV
50 DAV is 635,000
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$100.57
-1.75%
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6/11/2024
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$59.76
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PP = $64.33
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MB = $67.55
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Most Recent Note - 12/3/2024 8:45:26 PM
G - Hovering in a tight range near its all-time high with volume totals cooling. Reported Sep '24 quarterly earnings +19% on +14% sales revenues versus the year-ago period, repeatedly noted as "below the +25% minimum guideline (C criteria) of the fact-based investment system."
>>> FEATURED STOCK ARTICLE : Extended From Base After Streak of Gains for New Highs - 11/8/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$196.31
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-3.55
-1.78% |
$199.47
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688,835
98.97% of 50 DAV
50 DAV is 696,000
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$206.04
-4.72%
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7/26/2024
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$173.08
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PP = $175.82
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MB = $184.61
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Most Recent Note - 12/2/2024 6:19:22 PM
G - Pulled back from its all-time high with today's loss on (higher) average volume. Its 50 DMA line ($187) defines important support to watch on pullbacks.
>>> FEATURED STOCK ARTICLE : Hovering Near High After Recent Volume-driven Gains - 11/15/2024 |
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C
A
S
I |
HWM
-
NYSE
Howmet Aerospace
Aerospace/Defense
|
$120.07
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-0.02
-0.02% |
$120.70
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2,094,819
92.98% of 50 DAV
50 DAV is 2,253,000
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$120.24
-0.14%
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7/30/2024
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$93.95
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PP = $85.52
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MB = $89.80
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Most Recent Note - 12/5/2024 5:20:31 PM
G - Perched at its all-time high, extended from any sound base. Its prior high ($106.93 on 10/21/24) and 50 DMA line ($108) define near-term support levels to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base and Perched at High - 12/5/2024 |
View all notes |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$44.33
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-0.97
-2.14% |
$45.16
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117,177
113.76% of 50 DAV
50 DAV is 103,000
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$47.57
-6.81%
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11/5/2024
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$30.57
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PP = $30.42
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MB = $31.94
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Most Recent Note - 12/5/2024 5:21:07 PM
G - Pulled back further from its all-time high with today's loss backed by average volume. Reported Sep '24 quarterly earnings +50% on +9% sales revenues versus the year-ago period. Prior high in the $30 area defines initial support to watch above its 50 DMA line.
>>> FEATURED STOCK ARTICLE : New High After 6th Consecutive Gain - 11/11/2024 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
CLS
-
NYSE
Celestica
Elec-Contract Mfg
|
$92.08
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+2.55
2.85% |
$92.57
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1,547,083
63.82% of 50 DAV
50 DAV is 2,424,000
|
$93.15
-1.15%
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10/11/2024
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$57.62
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PP = $63.59
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MB = $66.77
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Most Recent Note - 12/5/2024 5:23:42 PM
G - Posted another gain today with below-average volume for a best-ever close. It is very extended from any sound base. Its 50 DMA line ($71) defines initial support above prior highs in the $63 area.
>>> FEATURED STOCK ARTICLE : Pulling Back After Considerable Rally - 11/13/2024 |
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C
A
S
I |
PAY
-
NYSE
Paymentus Holdings
Finance-CrdtCard/PmtPr
|
$37.15
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-0.16
-0.43% |
$38.00
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222,650
61.85% of 50 DAV
50 DAV is 360,000
|
$38.94
-4.60%
|
10/17/2024
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$26.15
|
PP = $25.31
|
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MB = $26.58
|
Most Recent Note - 12/3/2024 8:48:28 PM
G - Extended from any sound base and stubbornly holding ground near its 52-week high. Bullish action came after it reported Sep '24 quarterly earnings +67% on +52% sales revenues versus the year-ago period.
>>> FEATURED STOCK ARTICLE : Extended From Prior Base After Considerable Spike Higher - 11/14/2024 |
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C
A
S
I |
RMD
-
NYSE
Resmed Inc
HEALTH SERVICES - Medical Appliances and Equipment
|
$239.41
|
-6.43
-2.62% |
$245.11
|
637,320
65.37% of 50 DAV
50 DAV is 974,900
|
$260.49
-8.09%
|
10/25/2024
|
$256.64
|
PP = $255.28
|
|
MB = $268.04
|
Most Recent Note - 12/5/2024 5:22:44 PM
G - Color code is changed to green after today's loss on below-average volume led to a close below its 50 DMA line ($242). A prompt rebound above the 50 DMA line is needed for its outlook to improve. Little resistance remains due to overhead supply.
>>> FEATURED STOCK ARTICLE : Recent Slump Below 50-Day Moving Average Raised Concerns - 11/18/2024 |
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C
A
S
I |
ATGE
-
NYSE
Adtalem Global Education
Consumer Svcs-Education
|
$91.69
|
+0.05
0.05% |
$92.52
|
202,972
58.66% of 50 DAV
50 DAV is 346,000
|
$92.93
-1.33%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
|
MB = $84.29
|
Most Recent Note - 12/4/2024 6:52:16 PM
G - Hovering near its all-time high with light volume on most sessions in recent weeks. Prior highs in the $80 area define initial support to watch on pullbacks. Fundamentals remain strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Hovering Near High With Volume Totals Cooling - 12/4/2024 |
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C
A
S
I |
TW
-
NASDAQ
Tradeweb Markets
Financial Svcs-Specialty
|
$136.12
|
+1.76
1.31% |
$141.69
|
1,390,368
167.31% of 50 DAV
50 DAV is 831,000
|
$138.25
-1.54%
|
11/19/2024
|
$134.41
|
PP = $136.23
|
|
MB = $143.04
|
Most Recent Note - 12/3/2024 8:47:24 PM
Y - Hovering near its all-time high with volume totals cooling. Subsequent volume-driven gains above the pivot point may trigger a proper technical buy signal. It was highlighted in yellow with pivot point cited based on its 10/15/24 high plus 10 cents. Found support recently at its 50 DMA line ($130.75).
>>> FEATURED STOCK ARTICLE : Tradeweb Markets Perched Near High - 11/19/2024 |
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C
A
S
I |
Symbol/Exchange
Company Name
Industry Group |
PRICE |
CHANGE
(%Change) |
Day High |
Volume
(% DAV)
(% 50 day avg vol) |
52 Wk Hi
% From Hi |
Featured
Date |
Price
Featured |
Pivot Featured |
|
Max Buy |
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THESE ARE NOT BUY RECOMMENDATIONS!
Comments contained in the body of this report are technical
opinions only. The material herein has been obtained
from sources believed to be reliable and accurate, however,
its accuracy and completeness cannot be guaranteed.
This site is not an investment advisor, hence it does
not endorse or recommend any securities or other investments.
Any recommendation contained in this report may not
be suitable for all investors and it is not to be deemed
an offer or solicitation on our part with respect to
the purchase or sale of any securities. All trademarks,
service marks and trade names appearing in this report
are the property of their respective owners, and are
likewise used for identification purposes only.
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