Founded in 1971 by the National Association of Securities Dealers (NASD), the Nasdaq Stock Market is the second-largest exchange in the world by market capitalization, after the New York Stock Exchange. It officially separated from the NASD and began to operate as a national securities exchange in 2006.
NASDAQ, the “National Association of Securities Dealers Automated Quotations”, was at first just a quotation system and didn’t actually trade stocks. As the Nasdaq Stock Market got going, it included a lot of stocks that traded as speculative over-the-counter (OTC) issues.
But as the Exchange became the first U.S. stock market to start trading online, it attracted new tech companies who saw it as a more modern, more dynamic place to list their stocks. Those companies included, Apple, Cisco, Dell, Microsoft and Oracle and a host of others.
The exchange’s heavy weighting toward tech and other “riskier” issues lets investors use it as a barometer of how much risk investors are willing to take on at any one time.
The Nasdaq Stock Market has a pre-market session from 4:00 am to 9:30 am Eastern, a normal trading session from 9:30 am to 4:00 pm, and a post-market session from 4:00 pm to 8:00 pm.
It has three market tiers: Capital Market (small-cap) is an equity market for companies that have relatively small levels of market capitalization; Global Market (mid-cap) is made up of stocks that represent the Nasdaq Global Market, consisting of 1,450 stocks that meet Nasdaq’s strict financial and liquidity requirements; and Global Select Market (NASDAQ-GS large cap), consisting of 1,200 stocks and more exclusive than the Global Market.
Prepare yourself for more ups and downs in our medtech & biotech stocks if this debate heats up. I’m not planning to step out of the space since I think this will pass and we can still do quite well with these types stocks.
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From a top-down perspective, the market is still looking good, as both the intermediate- and longer-term trends are up and the vast majority of stocks (and leading stocks) are still in uptrends.
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The overall market remains in good shape, with both of our trend-following indicators—the Cabot Tides (intermediate-term) and Cabot Trend Lines (longer-term)—currently pointing up. We’re still keeping an eye on small-cap indexes, which have still not eclipsed their late February peaks, as well as Nasdaq,...
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Our Emerging Markets Timer is still solidly in the bull camp, with the recent pullback being modest compared to the year-to-date upmove.
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Looking at the revenues of the 14 companies in our Marijuana Portfolio, the average growth rate in the latest quarter, relative to the previous year, was 409%. The median, for you statistical fans, was 255%. This is one fast-growing sector!
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Crista has several portfolio updates and changes today.
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From Cabot Growth Investor
The market and especially growth stocks got hit early today, but they firmed up reasonably well in the afternoon as the major indexes finished mostly green. At day’s end, the Dow was up 110 points while the Nasdaq nosed ahead points. The...
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The new all time high is a significant milestone. Although the S&P 500 hasn’t hit new highs quite yet it is only just about .01% from the mark. The new high is significant because it negates any possibility that we have been in bear...
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The market remains strong and I continue to recommend that you be heavily invested in a well-diversified portfolio that meets your investment needs.
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We have obviously lived through a very difficult period in the stock market recently, from which most of the portfolio stocks are recovering or have already recovered. Hopefully we will not see another similarly ugly stock market downturn for several years, but there no...
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Cabot Quarterly Market Report and Teleconference
Quarterly Market Report April 17, 2019: The first quarter of 2019 was as good as the previous one was bad. And that’s not surprising. In fact, in his last quarterly report, Tim concluded by writing, “What the charts signaling...
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Cabot Quarterly Market Report and Teleconference
Quarterly Market Report April 17, 2019: The first quarter of 2019 was as good as the previous one was bad. And that’s not surprising. In fact, in his last quarterly report, Tim concluded by writing, “What the charts signaling...
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Small-cap discretionary, energy, financials, industrials, technology and materials are all moving higher. That’s a healthy mix, and it’s helped push the S&P 600 Small Cap Index back up near overhead resistance.
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It’s been another constructive week for the market, though that’s not necessarily due to the major indexes, which are barely up (0.25% or so) since last Friday’s close.
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The Perfect Isn’t the Enemy of the Good
One reason the market is such an interesting place is that there are always differing opinions even among the smartest and most thorough investors. The late Martin Zweig once said that, if you had 100 market it...
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As we enter the second quarter, emerging markets are on solid footing in a constructive uptrend as EEM remains just above both 50-day and 25-day moving averages. In light of this we are positive and increasing our allocation.
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The broad stock market remains healthy, with all indexes at or near highs, with the exception of small-cap stocks, which are lagging. A rising tide lifts all boats.
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The tide is changing. The recent perception was that of sputtering economic growth in a market that was panicking about the possibility of a near-term recession. Many of our defensive positions have gone gangbusters in the past turbulent year but I’ll be watching situation...
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Market Views
Bullish, but Cautious
No basic changes for our overall views of a market capable of extending; but just in a guarded way. It measures higher, as its mostly fully-valued for big-cap leaders; hence vulnerable to shakeouts.
Equity markets, the Fed’s calmer monetary policy, generally to...
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This stock reported great first-quarter results.
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