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Jul 17th Stock Market Update - Rotation from tech stocks accelerates

Jul 17th Stock Market Update - Rotation from tech stocks accelerates

$CHWY $TTD $SMAR

Mukund Mohan
July 17, 2024

Market

“Technology stocks logged their worst returns in 2024 as the rotation from technology to small cap stocks accelerated” 😒🥸

All the mega cap technology stocks lost between 3-8% on the day

There has been strong gains for big technology stocks this year so far, so as we warned over the last few weeks, that rotation has begun. We would still be buyers of mid to small cap SaaS and consumer durable names.

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Insights from the portfolio

$SMAR Smartsheet Inc Deep Dive and 2024 Outlook

The project management company's growth has slowed dramatically

stocksmarts.substack.com/p/smar-smartsheet-inc-deep-dive-and

Video of the day

Today’s video is on The Trade Desk $TTD the buy side platform for large brands and advertisers.

Deep dive of the day

Chewy Inc $CHWY Deep Dive – Investment Literacy Coach

The online pet store and pharmacy

blog.mukundmohan.online/index.php/2024/07/17/chewy-inc-chwy-deep-dive

Good setups for swing

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