Chasing Bubbles In The Nasdaq 100 (part Ii)

(Nasdaq:NDAQ) today reported monthly volumes for October 2013, on its investor relations website. A data sheet showing the monthly volumes can be found at: About NASDAQ OMX Group The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions.

And so, as Teslas third-quarter earnings report was released, shares fell. And they fell further today, even after analysts said on Tuesday that the reaction to Teslas third-quarter earnings report was hasty and uncalled for. But no matter what Wall Street says, it isnt going to faze Tesla. If anyone has had its doubters in the past and seen its share of adversity, its Tesla. The company has had to push through the nonsense to become one of the most acclaimed auto companies in the industry.

Until Dendreon can deliver organic Provenge growth and stem its cash burn there isn’t much cause to be positive on the stock, but pessimists will want to keep a close eye on this buyout chatter. Outerwall Why are investors shorting Outerwall? You may know Outerwall best by its previous name, Coinstar, and by its iconic Redbox movie and video game DVD rental stations, but it’s no stranger to short-sellers who have absolutely hounded the company for years. The case against Outerwall is that the majority of its business is dominated by its Redbox DVD rental kiosks, and that DVD sales are on the decline with the convenience of streaming video taking over the market.

Dow rises to new record as Nasdaq retreats

7, 2013, 2:41 p.m. EST NASDAQ Weekly Market Pulse Europe Back in Focus Following ECB Interest Rate Cut ADVISORY, Nov 07, 2013 (GLOBE NEWSWIRE via COMTEX) — U.S. equities edged higher during the 5th week of earnings season with the Dow Jones Industrial Average reaching a new all-time high yesterday. The rally was tempered by an ECB rate cut and a Q3 U.S. GDP report showing weak consumer and business spending. TOP INDEX MOVERS LAST 5 TRADING DAYS (+/-) EQUITY INDEXES: 10/30 – 11/06 NASDAQ EM EUROPE -2.9% INDEX (NQEMEU) PHLX HOUSING SECTOR -2.7% INDEX (HGX) NASDAQ EMERGING -2.4% MARKETS INDEX (NQEM) NASDAQ BIOTECHNOLOGY INDEX -2.4% (NBI) PHLX DEFENSE SECTOR +1.7% INDEX (DFX) COMMODITY INDEXES: 10/30 – 11/06 NASDAQ COMMODITY -5.3% SILVER INDEX ER (NQCISIER) PHLX GOLD & SILVER -5.2% INDEX (XAU) NASDAQ COMMODITY -4.1% BRENT CRUDE INDEX ER (NQCICBER) NASDAQ COMMODITY -3.6% NATURAL GAS INDEX ER (NQCINGER) NASDAQ COMMODITY -3.2% INDUSTRIAL METALS ER (NQCIIMER) “Earnings and revenue ‘beats’ have been outperforming last quarter’s and are in-line with the prior four quarters,” said Dave Gedeon, Managing Director, NASDAQ OMX Global Indexes.

The biggest winner in the Dow was Microsoft — also a Nasdaq stock — which jumped 4.2 percent following a report the company has narrowed its short-list of possible chief executives and is considering Ford chief Alan Mulally for the top spot. Other big blue-chip gains came from General Electric (+1.8 percent), UnitedHealth Group (+2.3 percent) and oil companies Chevron (+2.3 percent) and ExxonMobil (+1.3 percent). Clothing company Ralph Lauren rose 4.3 percent rose 5.5 percent after earnings bested analyst expectations by 3 cents at $2.23 per share. The company also boosted its revenue forecast.

– The scores of the three basic fundamental metrics (growth, value and financial quality) have gone down sharply in the same period. – Using the ten fundamental metrics in equal weight, the average relative score of VRTX in the NASDAQ 100 is far under the mean: 15.4/100. Ten metrics following different methodologies should give us an objective point of view on data. Conclusion: There is a divergence between fundamental metrics and the price. It suggests that stock tips for today this stock is overvalued by the market relative to the NASDAQ 100 universe. However, it is not currently in “bubble mode,” The price is already on a downtrend for more than 4 months.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s