FAANG Stocks and a Great Biotech

Written by Rob Goldman   

In this week's podcast, we do a deep dive on FAANG stocks, identify stock market buy signals and feature a biotech that is flush with cash, two FDA-approved drugs, and has one of the biggest late stage clinical pipelines in the space.

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The Goldman Guide

  • VOLUME 8
  • ISSUE 4
  • February 5, 2023

INSIDE OUR 10 MIN PODCAST:

  • The Stock Market Today
  • FAANG & Retail Power
  • New Featured Stock

INDICES & CATALYSTS

KEY TAKEAWAYS

  • Return of FAANG---do they continue their gains and carry the market?
  • Retail investors are back. Is that good or bad? And for how long?
  • Our featured stocks are doing well. This week is THE WEEK to take a flier. Consider our latest...

KEY FIGURES

Fwd P/E RSI
DJIA 17.9 49.0
S&P 500 18.5 54.1
NASDAQ 24.9 66.9
RUSS 2K 23.5 69.0

Have We Gone
Back in Time?

Is it just me, or did this past week’s crazy trading activity remind you of say, February 2020? Megacap stocks, meme stocks, jumping like mad? Poor global or economic news just ignored, to be followed by good news?  Back then, Robinhood (NASDAQ: HOOD) was the driver du jour, as retail poured money into stocks and cryptocurrencies. Then the COVID pandemic came, and well, let’s not revisit too much of the past.

I bring this up because of what clearly had been building data-wise. We have been bullish, at least until the end of earnings season, and noted that equity fund flows, which were still going out, were soon to have a shift which would be a big driver. Well, we finally did, as you can see on the next page. It certainly complemented the uptick, which was driven by better than expected performance by some key players.

In this week’s podcast, we talk about these former and still current darlings—where they were, where they are, where they will be…along with the market in general…

Retail investors are once again traders for a spell, and our featured stock this week, and general sentiment, agree with that approach. Our featured stock could really make a move late in the week when financials are reported. Our last two picks continue to do well and we are happy to report that The Goldman Guide podcast (which is accompanied by key data in the PDF), has been drawing big crowds. We had over 4000 views on YouTube and we encourage you to join the herd. It’s quick, it covers info that money pros desire and use, and offers an under the radar feature each week.

Thanks for your support! Enjoy!

The Stock Market Today

Notable Numbers

AAII Sentiment Survey (figures rounded)

Current Last Week Long Term Avg
Bullish 30% 28% 38%
Neutral 36% 35% 32%
Bearish 35% 37% 31%

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