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- Feb 16 Stock Market Update - Producer price head higher
Market
"Producer price index rose 0.3% in January, above the 0.1% forecast, which is bad. That means inflation is still here and it is stubborn. Markets took a breather as a result” 😑
All 3 markets took a well deserved break from highs, but very slightly so.
For the week, the NASDAQ and Dow are both down, for the first time in weeks.
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For the week even though Technology was down, many Semiconductor stocks did well
LLY (Eli lly) still strong after a few upgrades, and SMCI went from $1070 down to $890 range, a well deserved break as well.
Insights from my portfolio
Video of the day
Today’s video is on Mobileye $MBLY, a semiconductor company making Advanced Driver Assistance Systems (ADAS).
Deep dive of the day
Today’s writeup is on Hims and Hers ($HIMS) a telehealth company.
Good setups for swing
As mentioned $APP heads to $65 zone
Draftkings $DKNG to $46 - $48 zone soon, but down after that