2 high-flying stocks on our watchlist and 1 we turn down
Published . Updated .
Expensive stocks often command premium valuations because the market thinks their business models are exceptional. However, the downside is that high expectations are already baked into their prices, leaving little room for error if they stumble even slightly.
Directly affected
- No company is named in this report.
Indirectly affected
- DIA SPDR Dow Jones Industrial Average ETF-1.7% 30d
SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- QQQ Invesco QQQ+0.9% 30d
Invesco QQQ: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- IWM iShares Russell 2000 ETF-0.0% 30d
iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- RSP Invesco S&P 500 Equal Weight ETF
Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
- VTI Vanguard Total Stock Market ETF
Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “stocks” (the broad US market) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DIANo price data for this ticker | — | — | — | — | — | — | — |
| QQQ | -1.57% | +0.81% | base | -3.25% | after close | after close | after close |
| IWMNo price data for this ticker | — | — | — | — | — | — | — |
| RSPNo price data for this ticker | — | — | — | — | — | — | — |
| VTINo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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2 high-flying stocks on our watchlist and 1 we turn down Yahoo Finance
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| QQQ | that day | -3.25% | still updating |
| QQQ | three days earlier | +0.81% | final price |
| QQQ | five days earlier | -1.57% | final price |
How solid “2 high-flying stocks on our watchlist and 1 we turn down” looks
12 out of 100Price not final
“2 high-flying stocks on our watchlist and 1 we turn down” scores 12 out of 100. The score uses 1 sources. The price is not final yet.