Momentum Wrap – Amazon Hits All-Time Highs

on January 7 | in Daily Update | by

new highs Jan 7

New Highs

34 New All-Time Highs among stocks that gained 1% or more. Some of the largest gainers: NSM SCTY EAC RNF FANG QDEL SSYS CELG AMZN DDD ALK PAA GEL VAR ADS MSG MA

85 Stocks reached new 52-week highs while appreciating 1%+ on Monday. Some of the notable movers include:

  • $AMZN must be the poster child example of why sometimes P/E could be the most irrelevant market indicator. New all-time highs as Jeff Bezos continues to enjoy the comfort of blind trust. He has earned it. $AMZN is up 1844 times since its IPO in 1997
  • Airlines have been hotter than 3D printing stocks since November last year, despite the fact that crude oil has gained 10% in the past month: $ALGT $ALK $RYAAY
  • Housing-related stocks still attract attention: homebuilders and mortgage are investors clearing new 3yr highs: $LEN $PHM $NSM
  • After the post-election selloff, high-yield stocks like REITs and Oil & Gas Pipelines are slowly coming back to fashion: $CLNY $NCT $PAA
  • A bunch of medical equipment instruments stocks broke out to 52-week highs from proper bases: $PODD $VAR

StockTwits 50 Notables

  • Another week, another all-time high for 3D printing stocks $DDD and $SSYS. Both are looking extended from risk/reward perspective.
  • $RNF gained 5%+ while clearing new all-time highs from a decent base
  • $CERN broke out to┬ánew 6mo high about a month before its next earnings report

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