Market indices are strong, but underlying breadth and momentum are weakening, notes David Keller, suggesting limited upside and a better buying opportunity later in the year. Tech remains the leading sector, though valuations are stretched.
The Dow slipped 106 points, -0.25%, while the Nasdaq gained +61 points, +0.31% -- approaching new highs.
Nasdaq is flat in first-half 2025, but SFM, RGLD, TRI, WWD and EXEL are soaring, each up over 20% and primed for the second half.
US stock futures are set to extend their gains on Tuesday, after Donald Trump oversaw a ceasefire deal agreement between Israel and Iran that sent oil prices tumbling. Futures contracts for the S&P 500 were up 0.7%, while those for the tech-heavy Nasdaq gained almost 1% and Dow Jones futures were up 0.6%.
Digging deep into the Nasdaq Composite will reveal hidden dividend-paying gems. Investors should focus on financially secure businesses as much as eye-catching dividend yields.
On Wednesday morning, the cancer diagnostics biotech firm Caris Life Sciences rang Nasdaq's opening bell in New York, marking the company's awaited initial public offering.
Slide Insurance Holdings is set to debut on the Nasdaq today. The residential insurance company out of Florida will make its initial public offering for $17 per share.
Caris Life Sciences' shares jumped nearly 29% in their New York debut on Wednesday, fetching the cancer diagnostic firm a valuation of $7.66 billion and signaling a growing investor appetite for new listings in 2025.
Shares of Regencell Bioscience, a Hong Kong-based developer of traditional Chinese herbal treatments that it says can treat childhood ADHD and autism, more than tripled Monday. The stock soared more than 280% after a 38-for-1 stock split.
QQDN is a new leveraged ETF targeting -2x daily performance of the Nasdaq-100 Mega Index, designed for short-term speculation or hedging. Leveraged ETFs like QQDN are not suitable for long-term holding due to daily resets, derivative time decay, and volatility drag. Liquidity and trading volume are currently limited, so bid/ask spreads may be wide until the fund gains size and activity.
Chime Financial is expected to debut on the Nasdaq today. The fintech company's initial public offering (IPO) is one of the most anticipated of 2025, and investors and market watchers will be eagerly waiting to see how the newly public stock performs on its first day of trading.
Chime's decision to go public comes after a steep valuation cut and years of private market delays across the fintech sector. The company provides online banking services.