Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality

#32471
Truman
Participant

Notable movers:

Applied Materials (AMAT 155.92, +3.47, +2.3%): best performer in the sector, rallied to a one-week high before narrowing its gain.
KLA Corp (KLAC 435.36, +9.75, +2.3%): rising toward its December high (442.44).
Microsoft (MSFT 319.77, +4.79, +1.5%): rising to a one-week high. The U.K.’s CMA announced a March 9 deadline for phase 1 decision in the investigation of Microsoft’s acquisition of Nuance (NUAN 55.37, +0.13, +0.2%).
Accenture (ACN 379.37, +5.23, +1.4%): rising back above its 50-day moving average (378.45). Stock went ex-dividend today.
Salesforce (CRM 237.71, +2.87, +1.2%): rising to a one-week high.
Lam Research (LRCX 679.29, +6.08, +0.9%): returning to levels from Friday.
Visa (V 216.26, +1.88, +0.9%): rising above Friday’s low.
NVIDIA (NVDA 280.47, +2.30, +0.8%): seeking its third consecutive gain.
Mastercard (MA 369.02, +2.73, +0.7%): hit a fresh high for the week before narrowing its gain.
Qualcomm (QCOM 186.47, +1.07, +0.6%): touched a one-week high before narrowing its gain.
Texas Instruments (TXN 185.70, +1.06, +0.6%): trading near yesterday’s high.
Apple (AAPL 175.99, +0.91, +0.5%): seeking its third consecutive gain.
Cisco (CSCO 62.25, -0.12, -0.2%): on track for its first loss in a week.
Oracle (ORCL 88.03, -0.45, -0.5%): slipping back toward its 200-day moving average (86.83).
Intel (INTC 55.52, -0.38, -0.7%): touched its best level since late July before turning negative.
PayPal (PYPL 187.60, -3.92, -2.1%): slipping into the lower half of yesterday’s range. Jefferies downgraded the stock to Hold from Buy with a $200 target.
Paycom Software (PAYC 357.02, -10.18, -2.8%): weakest performer in the sector, slipping to the midpoint of its range from Monday.