Higher Jan & Feb Means Bull Continues? | Broadening Market Outside Mag 7 | Profit Margins Rising | International Outperforming | Nvidia Options & Earnings

Derek Moore and Mike Puck talk about the resurgence of international stocks against the US. Plus, how the rest of the market has a similar performance to the Mag 7, indicating a broadening out of stocks in the S&P 500 Index. Later, they discuss what markets historically have done after being up in January and February. Profit margins are rising outside the Mag 7 names and looking at the expected Nvidia move around earnings based upon the implied volatility levels. 

 

S&P 500 Index 493 vs the Mag 7 year to date

International stocks including emerging markets and developed markets shine against the US

Profit margins continue to rise across the entire S&P 500 Index

RSP vs SPY vs EEM vs EFA year to date performance relative to one another

Average performance since 1950 for the S&P 500 Index after being up January and February

Nvidia options before next week’s earnings announcement

Calculate expected moves in Nvidia based on implied volatility

Pricing the long straddle and short straddle on Nvidia pre-earnings

 

Mentioned in this Episode

 

 

Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT

 

Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt

 

Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag

 

Contact Derek derek.moore@zegainvestments.com