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AFTER MARKET UPDATE - MONDAY, DECEMBER 9TH, 2024
Previous After Market Report Next After Market Report >>>
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DOW |
-240.59 |
44,401.93 |
-0.54% |
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Volume |
1,059,701,472 |
+16% |
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Volume |
7,988,112,600 |
+15% |
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NASDAQ |
-123.08 |
19,736.69 |
-0.62% |
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Advancers |
1,235 |
46% |
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Advancers |
2,049 |
47% |
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S&P 500 |
-37.42 |
6,052.85 |
-0.61% |
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Decliners |
1,471 |
54% |
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Decliners |
2,298 |
53% |
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Russell 2000 |
-16.16 |
2,392.84 |
-0.67% |
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52 Wk Highs |
122 |
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52 Wk Highs |
232 |
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S&P 600 |
-3.74 |
1,506.96 |
-0.25% |
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52 Wk Lows |
19 |
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52 Wk Lows |
71 |
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Major Indices Ended Lower With Lighter Volume Totals
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Russell 2000 was up as much as 0.8% and the S&P Midcap 400 Index was up as much as 0.5% before both gave in to selling interest and closed down 0.7% and 0.5%, respectively. Volume totals were higher than the prior session totals on the NYSE and on the Nasdaq exchange. Breadth was slightly negative as decliners led advancers by a 7-6 margin at the NYSE and by an 11-10 margin at the Nasdaq exchange. There were 38 high-ranked companies from the Leaders List that hit new 52-week highs and were listed on the BreakOuts Page, versus the total of 48 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 S&P 500 Index is hovering near its all-time high.
NVIDIA (NVDA -2.6%) fell on a Bloomberg report of China opening an antimonopoly investigation. There was strength in Chinese ADRs and related ETFs after Chinese leaders said fiscal stimulus will be more proactive and monetary policy "moderately loose," as opposed to "prudent," in 2025.
Interpublic Group (IPG +3.6%) rose on news it is going to be acquired by Omnicom (OMC -10.3%). Hershey (HSY +10.9%) also reportedly is a takeover target by Mondelez Intl. (MDLZ -2.3%). Comcast (CMCSA -9.5%) slumped after warning that the impact of Hurricanes Helene and Milton will result in a little over 100,000 broadband subscriber losses in the fourth quarter.
There were losses for the communication services (-1.3%), financial (-1.4%), and utilities (-1.3%) sectors. The health care (+0.2%) and real estate (+0.1%) sectors were the only two S&P 500 sectors to eke out gains.
The 2-yr note yield settled the session up three basis points at 4.13% and the 10-yr note yield settled the session up five basis points at 4.20%.
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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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Commodity Linked Groups and Biotech Index Rose
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Bank Index ($BKX -1.40%) and the Broker/Dealer Index ($XBD -1.44%) both suffered losses and the Retail Index ($RLX -0.30%) also ended slightly lower. The tech sector was mixed as the Semiconductor Index ($SOX -0.84%) and the Networking Index ($NWX -0.78%) both lost ground while the Biotech Index ($BTK +0.49%) edged higher. Commodity-linked groups had a positive bias as the Integrated Oil Index ($XOI +1.00%) and Oil Services Index ($OSX +0.46%) bot rose and the Gold & Silver Index ($XAU +3.10%) posted a solid gain.
PICTURED: The Gold & Silver Index ($XAU +3.10%) posted a solid gain rallying toward its 50-day moving average after finding support above its 200 DMA line.
| Oil Services |
$OSX |
75.78 |
+0.35 |
+0.46% |
-9.65% |
| Integrated Oil |
$XOI |
1,870.21 |
+18.47 |
+1.00% |
+0.42% |
| Semiconductor |
$SOX |
5,018.84 |
-42.46 |
-0.84% |
+20.20% |
| Networking |
$NWX |
1,222.11 |
-9.59 |
-0.78% |
+46.74% |
| Broker/Dealer |
$XBD |
833.98 |
-12.21 |
-1.44% |
+49.65% |
| Retail Index |
$RLX |
5,380.16 |
-16.29 |
-0.30% |
+38.35% |
| Gold & Silver |
$XAU |
152.29 |
+4.57 |
+3.10% |
+21.16% |
| Bank |
$BKX |
133.72 |
-1.90 |
-1.40% |
+39.26% |
| Biotech |
$BTK |
6,071.21 |
+29.39 |
+0.49% |
+12.04% |
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Volume Above Average Behind Breakout Gain
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Atour Lifestyle Holdings ADR (ATAT +$2.96 or +11.17% to $29.45) was highlighted in yellow in the earlier mid-day report (read here) with pivot point based on its 10/07/24 high plus 10 cents. Hit a new all-time high with today's gap up and big volume-driven gain after consolidating near its 50 DMA line ($26.62). A strong close above its pivot point may clinch a proper technical buy signal. Through Sep '24 this China-based hotel operator's quarterly and annual earnings growth has been strong.
The company has only 61 million shares (S criteria) in the public float which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 119 in Jun '24 to 131 in Sep '24,m a reassuring sign concerning the I criteria). Its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days.
Quarterly earnings increases through the Sep '24 quarter have been well above the +25% minimum earnings guideline (C criteria) versus the year ago periods. Its annual earnings history (A criteria) has been strong and it has a highest possible Earnings Per Share Rating of 99. ATAT has a Timeliness Ratin of A and a Sponsorship Rating of A. Its Accumulation/Distribution Rating is B+. |
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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
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$145.04
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-7.50
-4.92% |
$154.79
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172,283
191.43% of 50 DAV
50 DAV is 90,000
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$159.53
-9.08%
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9/17/2024
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$71.26
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PP = $87.23
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MB = $91.59
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Most Recent Note - 12/9/2024 1:16:07 PM
G - Pulling back from its all-time high with today's 4th loss in the span of 5 sessions backed by above-average volume. Its 50 DMA line ($122.62) defines important near-term support to watch on pullbacks. It has been noted repeatedly as - "Very extended from any sound base".
>>> 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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$96.09
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-2.18
-2.22% |
$99.11
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542,141
86.19% of 50 DAV
50 DAV is 629,000
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$105.20
-8.66%
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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 - 12/6/2024 8:14:40 PM
G - There was a "negative reversal" on the prior session after hitting a new all-time high. 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." See the latest FSV analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Negative Reversal After Hitting New All-Time High - 12/6/2024 |
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C
A
S
I |
TXRH
-
NASDAQ
Texas Roadhouse
Retail-Restaurants
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$192.42
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-4.14
-2.11% |
$196.50
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595,001
85.24% of 50 DAV
50 DAV is 698,000
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$206.04
-6.61%
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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 - 12/6/2024 2:52:12 PM
G - Perched near its all-time high, still consolidating well above its 50 DMA line ($188.74) which 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
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$113.75
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-4.56
-3.85% |
$118.20
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3,011,236
132.01% of 50 DAV
50 DAV is 2,281,000
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$120.71
-5.77%
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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 |
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C
A
S
I |
NGVC
-
NYSE
Natural Grocers
Retail-Super/Mini Mkts
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$42.20
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-1.47
-3.37% |
$44.49
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93,330
88.89% of 50 DAV
50 DAV is 105,000
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$47.57
-11.29%
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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
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$90.42
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-4.44
-4.68% |
$94.19
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2,111,703
86.62% of 50 DAV
50 DAV is 2,438,000
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$96.00
-5.81%
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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 - 12/6/2024 2:58:57 PM
G - Hitting a new all-time high while posting a 4th consecutive gain today with below-average volume. It is very extended from any sound base. Its 50 DMA line ($72) 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
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$33.59
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-1.02
-2.95% |
$34.75
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738,368
198.49% of 50 DAV
50 DAV is 372,000
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$38.94
-13.74%
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10/17/2024
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$26.15
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PP = $25.31
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MB = $26.58
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Most Recent Note - 12/9/2024 12:58:22 PM
G - Pulling back with higher volume today for a big 5th consecutive loss. Its 50 DMA line ($28.30) defines important near-term support to watch. It has been repeatedly noted as "extended from any sound base." 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
|
$244.76
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+3.35
1.39% |
$247.76
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577,795
60.26% of 50 DAV
50 DAV is 958,900
|
$260.49
-6.04%
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10/25/2024
|
$256.64
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PP = $255.28
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MB = $268.04
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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
|
$87.92
|
-3.28
-3.60% |
$91.30
|
371,881
107.17% of 50 DAV
50 DAV is 347,000
|
$92.93
-5.39%
|
10/30/2024
|
$83.34
|
PP = $80.28
|
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MB = $84.29
|
Most Recent Note - 12/9/2024 2:09:21 PM
G - Pulling back from its all-time high with light volume behind today's loss and on most down sessions in recent weeks. Its 50 DMA line ($81.70) defines initial support above prior highs in the $80 area. Fundamentals remain strong.
>>> 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
|
$127.31
|
-3.53
-2.70% |
$131.25
|
920,816
107.95% of 50 DAV
50 DAV is 853,000
|
$141.69
-10.15%
|
11/19/2024
|
$134.41
|
PP = $136.23
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MB = $143.04
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Most Recent Note - 12/6/2024 2:55:55 PM
Y - Today's loss is testing support at its 50 DMA line ($131.49). Hit a new all-time high on the prior session but churned +67% above average volume and ended in the lower third of its intra-day range. Since recently featured it has not produced a volume-driven gain above the pivot point to 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.
>>> 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 |
ATAT
-
NASDAQ
Atour Lifestyle Hldgs ADR
Leisure-Lodging
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$29.45
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+2.96
11.17% |
$29.90
|
3,643,893
276.26% of 50 DAV
50 DAV is 1,319,000
|
$29.15
1.03%
|
12/9/2024
|
$29.34
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PP = $29.25
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MB = $30.71
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Most Recent Note - 12/9/2024 5:26:25 PM
Y - Finished strong after highlighted in yellow with pivot point based on its 10/07/24 high plus 10 cents. Hit a new all-time high with today's gap up and big volume-driven gain after consolidating near its 50 DMA line ($26.62). The strong close above its pivot point may clinched a proper technical buy signal. Through Sep '24 this China-based hotel operator's quarterly and annual earnings growth has been strong. See the latest FSU analysis for more details and a new annotated graph.
>>> FEATURED STOCK ARTICLE : Volume Above Average Behind Breakout Gain - 12/9/2024 |
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C
A
S
I |
VEEV
-
NYSE
Veeva Systems Cl A
Computer Sftwr-Medical
|
$245.99
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-4.46
-1.78% |
$251.19
|
1,823,689
187.05% of 50 DAV
50 DAV is 975,000
|
$258.93
-5.00%
|
12/9/2024
|
$250.70
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PP = $240.68
|
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MB = $252.71
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Most Recent Note - 12/9/2024 1:24:01 PM
Y - Color code is changed to yellow with pivot point cited based on its 11/08/24 high Consolidating today following a "breakaway gap" up on the prior session for a new 52-week high as it triggered a technical buy signal. Reported Oct '24 quarterly earnings +31% on +13% sales revenues versus the year-ago period, its 3rd consecutive quarterly comparison above the +25% minimum earnings guideline (C criteria). Annual earnings growth has been strong. It was dropped from the Featured Stocks list on 12/09/20.
>>> FEATURED STOCK ARTICLE : Still Below 50-Day Average After Volume-Driven Losses - 12/9/2020 |
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C
A
S
I |
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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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