S&P 500 on Pace to Beat Nasdaq for First Year Since 2016
TheStreet
12/28/2021
© TheStreet
S&P 500 on Pace to Beat Nasdaq for First Year Since 2016
The S&P 500 is poised to outperform the Nasdaq Composite this year for the first time in five years, as technology stocks have lagged the overall market.
The S&P 500 has gained 28% year to date, generating a total return of 29%, including dividends. The Nasdaq Composite, 50% of which is technology stocks, has climbed 23%, producing a total return of 24%.
Amazon Struggles (Relatively)
Amazon AMZN is one stock that has had a rough year -- relatively speaking anyway. It has climbed only 4% year to date.
Video: Nasdaq President Nelson Griggs: 2022 is a 'real big year' for SPACs (CNBC)
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We see countertrend rallies, but there's a lot of overhead resistance, says NewEdge's Dawson
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I'm not expecting a pullback and prices will likely stabilize next week, says Fundstrat's Mark Newton
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Apple is a compelling name to ride out the market storm, says Wedbush Securities' Dan Ives
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Jay Powell has to step up to stop price increases, says Jim Cramer
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I think Apple can go up over the next five years, says Jim Cramer
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I would not buy Tesla right now, says RiskReversal's Dan Nathan
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We don't expect Amazon will be a big winner, says Citi's Ronald Josey
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GM CEO Mary Barra: Self-driving cars mid-decade 'definitely in the cards'
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Apple stock looks nasty, says Risk Reversal's Dan Nathan
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CNBC TechCheck Evening Edition: May 20, 2022 CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
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Where stocks are headed after locking in another losing week Carter Worth of Worth Charting with key levels to watch for the markets. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Tim Seymour, Karen Finerman and Bonawyn Eison.
But Morningstar analyst Dan Romanoff is still bullish, putting fair value at $4,100 and assigning the stock a wide moat. It recently traded at $3,393.
He actually cut that estimate from $4,200 after Amazon's third-quarter earnings report, "based mainly on margin pressures arising from hiring and shipping challenges, which we think may pressure profitability in the near term and, to a lesser extent, the long term," Romanoff wrote.
"That said, we see shares as attractive. Amazon reported third-quarter results that came in above the midpoints of its guidance range for both revenue and operating income but were still shy of investor expectations."
Big Nasdaq Winners
Some Nasdaq stocks that soared amid the work-from-home frenzy in 2020 came back down to earth this year. That includes Zoom Video Communications ZM, which skyrocketed 401% in 2020, as video conferences were all the rage, but has slid 48% this year, as growth has slowed.
Peloton jumped 410% in 2020, as people exercised at home, but has plunged 75% this year, as sales dropped and the company cut the price on its signature bike while also lowering its forward guidance.
This article was originally published by TheStreet.
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