Latest news with #BTIG
Business Insider
3 hours ago
- Business
- Business Insider
‘Party Like It's 1999,' Says BTIG as PLTR, MSTR, and Others Fuel Nasdaq Rally
The Nasdaq 100 index (NDX) just hit a major milestone by staying above its 20-day moving average for 60 straight trading days. This is the second-longest streak in the index's history, going all the way back to 1985. The only time it lasted longer was during the dot-com boom in early 1999. Indeed, BTIG strategist Jonathan Krinsky commented on the rare event by playfully saying, 'Party like it's 1999,' to highlight how unusual this level of consistency is. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. This remarkable strength in the Nasdaq 100 has also led to gains in the Invesco QQQ ETF (QQQ), which tracks the index. As a result, the ETF is now the fifth-largest in the world by assets and has jumped by 17% since June, bringing its total year-to-date return to 10%. Despite uncertainty in the broader market, this surge shows that investors still have a lot of confidence in large tech and growth stocks, which make up a big portion of the index. Therefore, many of the biggest winners in the Nasdaq 100 this year also come from the tech sector. In fact, leading the pack is Palantir Technologies (PLTR), which is up 102% so far in 2025. Other strong performers include Zscaler (ZS) (+59.7%), KLA Corp (KLAC) (+49.8%), and Strategy (MSTR) (+48.3%). In addition, well-known names like DoorDash (DASH), Constellation Energy (CEG), Lam Research (LRCX), CrowdStrike (CRWD), MercadoLibre (MELI), and Netflix (NFLX) round out the top 10 with increases of more than 37% this year. Is QQQ Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on QQQ stock based on 92 Buys, nine Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average QQQ price target of $603.33 per share implies 6.8% upside potential.
Business Insider
7 hours ago
- Business
- Business Insider
BTIG Remains a Buy on Domino's Pizza (DPZ)
BTIG analyst Peter Saleh reiterated a Buy rating on Domino's Pizza today and set a price target of $530.00. The company's shares closed today at $462.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Saleh is a 5-star analyst with an average return of 11.5% and a 63.16% success rate. Saleh covers the Consumer Cyclical sector, focusing on stocks such as Wingstop, Darden Restaurants, and Domino's Pizza. In addition to BTIG, Domino's Pizza also received a Buy from Morgan Stanley's Brian Harbour in a report issued today. However, on the same day, Citi reiterated a Hold rating on Domino's Pizza (NASDAQ: DPZ). DPZ market cap is currently $15.96B and has a P/E ratio of 26.71. Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year. Most recently, in May 2025, James A. Goldman, a Director at DPZ sold 385.00 shares for a total of $186,644.15.
CNBC
14 hours ago
- Business
- CNBC
Nasdaq 100 momentum unmatched since 1999 so brace for a shakeout, says BTIG
It's time to brace for a shakeout, according to BTIG. The market is flaring some near-term warning signals. As of Sunday, the Nasdaq 100 — which is comprised of the 100 largest companies excluding financials in the Nasdaq stock exchange — has gone 60 straight trading days without closing below its 20 day moving average, a short-term trend indicator. That's a troubling signal when you consider the last time the Nasdaq 100 sustained this sort of momentum was back in 1999, a little before the dot-com bubble burst. "The Nasdaq 100 has now gone 60 trading days without closing below its 20 DMA, the second-longest streak in its history (back to 1985). The longest was ended in early 1999," Jonathan Krinsky, chief market technician at BTIG, wrote in a Sunday titled "Fasten Your Seatbelts." "The main takeaway is that we may encounter some turbulence, even though it's unlikely to mark a major peak," Krinsky wrote. .NDX YTD mountain Nasdaq 100, year to date That word of caution comes with both the S & P 500 and Nasdaq Composite kicking off the week at record highs , once again, in spite of concerns ahead around the Aug. 1 trade deadline, and whether the Federal Reserve will or won't lower interest rates in their meeting next week. Earnings season is also expected to add to individual stock volatility. However, with reversal indicators showing signs of peaking, and seasonal trends weakening, the technical setup is starting to suggest greater unruliness lies ahead. Wall Street's fear gauge — the CBOE Volatility Index — has been notably quiet all month. Greater turbulence could be especially troubling for more risky assets, such as the ARK Innovation ETF , which has rallied more than 12% this month defying fears of a pullback. "We have clearly been offsides on the ARKK move, thinking a pullback was due for the last few weeks. With that said, relative to the 100 DMA it's now 38% above, only exceeded during a brief period in July '20," Krinsky wrote. "We continue to think a shakeout is overdue." The technician expects that investors could rotate into utilities. He said the Utilities Select Sector SPDR Fund has "prebreakout potential" that can carry it to the low $90s from around $84 where it was last hovering.
Yahoo
20 hours ago
- Business
- Yahoo
Borr Drilling (BORR): Among the Energy Stocks that Fell This Week
The share price of Borr Drilling Limited (NYSE:BORR) fell by 8.29% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. A modern offshore drilling vessel navigating the seas with equipment mounted on its decks. Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry. Borr Drilling Limited (NYSE:BORR) fell after the analysts at BTIG downgraded the stock from 'Buy' to 'Neutral' as part of a broader research note on Offshore Oil Services names. The firm views the current slowdown in offshore drilling activity as a pause in the cycle, but still sees upside potential if utilization improves, keeping expectations tempered yet open. However, it must be mentioned that Borr Drilling Limited (NYSE:BORR) shot up significantly earlier this month after the company announced that it had secured four new contracts worth over $124 million, bringing its total of new commitments so far in 2025 to thirteen. While we acknowledge the potential of BORR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Borr Drilling (BORR): Among the Energy Stocks that Fell This Week
The share price of Borr Drilling Limited (NYSE:BORR) fell by 8.29% between July 11 and July 18, 2025, putting it among the Energy Stocks that Lost the Most This Week. A modern offshore drilling vessel navigating the seas with equipment mounted on its decks. Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry. Borr Drilling Limited (NYSE:BORR) fell after the analysts at BTIG downgraded the stock from 'Buy' to 'Neutral' as part of a broader research note on Offshore Oil Services names. The firm views the current slowdown in offshore drilling activity as a pause in the cycle, but still sees upside potential if utilization improves, keeping expectations tempered yet open. However, it must be mentioned that Borr Drilling Limited (NYSE:BORR) shot up significantly earlier this month after the company announced that it had secured four new contracts worth over $124 million, bringing its total of new commitments so far in 2025 to thirteen. While we acknowledge the potential of BORR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Oil and Gas Dividend Stocks to Buy Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Sign in to access your portfolio
