GE Vernova Inc stock forecast. (GEV).

summary

It’s happening again. The stock market bends but does not break. After a weak open on Monday, stocks began to recover at noon as bond yields fell. While the S&P 500 (SPX) managed to close flat, the Nasdaq fell 0.4%, the Nasdaq 100 (QQQ) fell 0.3%, and the IT sector fell 0.7%. Unfortunately, after the 10-year yield fell from 4.8% to 4.77% at midday, yields returned to their intraday highs. If we look at stocks in both the SPX and QQQ over the past week, we’ll find that some of 2024’s biggest winners took the most damage – with many of them down from 4% to 16%. We wrote about the market hanging there until the end of the year as investors wanted to wait until 2025 to sell their big winning stocks and postpone paying capital gains tax. We believed that tax sale decisions should not be part of the sale logic. The truth is that some people pay the price! Vickers Stock Research, a sister company to Argus Research, publishes a weekly insider report, detailing trends in insider sentiment. The Nasdaq’s one-week buy/hold ratio moved into negative territory last week – and in a way that warrants some attention. The ratio now stands at 15.57 compared to 4.54 the previous week, and this is on a scale on which any reading dwarfs