The Week That Was: The Stories That Impacted The Market
It was quite the busy week in the markets.
Zev Fima, Research Analyst for ActionAlertsPLUS, sat down with:
- Tony Owusu, Breaking News Reporter for TheStreet
- Jacob Sonenshine, Reporter for TheStreet
- Anthony Bonsignore, Research Analyst for CNBC's Mad Money
- And Jeff Marks, Senior Portfolio Analyst for ActionAlertsPLUS
They broke down everything you need to know about the market rotation, the move in semiconductors, Apple's (AAPL) - Get Apple Inc. Report event, Elliot Managements stake in AT&T (T) - Get AT&T Inc. Report , Fannie Mae (FNMA) and Freddie Mac (FMCC) and more.
Watch the video above to see all that they had to say or check out the links below for more in depth coverage.
MARKET ROTATION
To start out the week we had a big rotation take place from growth to value. We saw money flowing out of the high multiple stocks, like in the software and cloud names, and into low multiple stocks, such as in the energy and financials sector.
Semiconductors
One previously beat up sector that seemed to benefit from the move out of the high flyers are the Semiconductors
- Led by Marvell, Our Semiconductor Stocks Are Trading Higher Wednesday (ActionAlertsPLUS)
- Broadcom Dips After Chipmaker Cautions on 'Bottomed Out' Semiconductor Demand
Apple Event
Apple held their much anticipated event in Cupertino, California, where they announced the new iPhone 11 and Apple Watch Series 5, as well as finally gave investors pricing and launch dates for their much anticipated services, Apple Tv+ and Apple Arcade.
Check out the stories below to see where Apple TV+ fits in the streaming wars and what the lower prices for iPhones could mean for the stock.
- Tech Stocks Lag, Health Care Shakes Up and Apple's in TV (ActionAlertsPLUS)
- Apple's New Pricing Strategy Drives a Breakout in the Stock (RealMoney)
- Apple's New iPhones and Other Announcements -- What Wall Street's Saying
- Apple's Services Push Gives It a Fresh Incentive to Launch a New Apple TV
- Apple Prices Apple TV+ at $4.99 Per Month, Much Lower Than Expected
- Apple's Strategy for Profiting from its TV+ and Arcade Services Has Layers to It (RealMoney)
We also got some analyst notes on a few of the Jim Cramer dubbed WATCH stocks: Wal-Mart (WMT) - Get Walmart Inc. Report , Amazon (AMZN) - Get Amazon.com, Inc. Report , Target (TGT) - Get Target Corporation Report , Costco (COST) - Get Costco Wholesale Corporation Report and Home Depot (HD) - Get Home Depot, Inc. Report .
The Street's Tony Owusu breaks down what Oppenheimer Costco downgrade
- Costco Falters Following Oppenheimer Downgrade
- Trimming a Retailer Near Its All-Time High (ActionAlertsPLUS)
AT&T
Activist Fund Elliott Management took a $3.2 Billion stake in AT&T. This could be good for the company as they have a lot of different assets that need be brought together and Elliott should be able to help make sure they execute and fight for shareholders.
