Same time that the high fliers resume upward momentum . On a day when the dow climbed 146 points, s p rallied 8. 2 and nasdaq advanced 7. 5 . A few caveats. The cheapest segment rallied simultaneously with the most expensive, the highest high flying techs and biotechs. Only a lastminute boost saved the latter from what looked to be a pretty darn nasty roll. Its not just the tech and biotech portion of this market thats disturbing. The s p 500s been struggling in large part because the financials, the largest component of the index, have been downright hellish. Every single segment of the financials, the credit cards, banks, brokers, insurers, been awful for just a very long time. But today for the first time we saw confluence of positive events that gave other sectors an actual blueprint of how to break out from the occupation for a month now. First we go to the mothers milk of any rally, mergers and acquisitions. Everyone knows there are way too many players in this finance space, way
UGI Corporation (NYSE:UGI) Q1 2024 Earnings Call Transcript February 1, 2024 UGI Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, and thank you for standing by. Welcome to the UGI Corporation’s Fiscal 2024 First Quarter Earnings Conference […]