Bullish Market Trend Continues; Penumbra, Vertiv, JPMorgan In Focus

Heat. Heat.

[music] Hello and welcome to another episode of the stock market today video. It's just

Nielsen here. I'm going to be hosting for you today and we're going to give you a recap of what's going on uh what happened this week and what to look forward to next week. To help me do that

is Ed Carson, our news uh editor. Thanks

a lot for joining us, Ed. It is December 5th, 2025 and uh what you got for us today?

>> Yeah, I'm pretty good when it comes to looking backward and talking what the market did rather than the other direction. Uh I will be uh taking a look

direction. Uh I will be uh taking a look at >> Yes. Okay. [laughter]

>> Yes. Okay. [laughter]

Want to take a look at Penumbra Vertive and JP Morgan.

>> Perfect. Uh, so we will take a look at those. And, um, I mean, you know, I I

those. And, um, I mean, you know, I I have to admit a lot of folks on IBD Live, our morning show, were saying that last week I was on vacation and they were wondering if there was maybe the Chris Guessel effect. Uh, that maybe,

you know, I need to go on vacation more.

So, uh, if we can if we can work on that, Ed, you know, you got my back, right?

>> Yeah, I'd be I' I'd be all supportive of that. Uh, if that could make my

that. Uh, if that could make my portfolio go up, I'm happy to help out.

>> Uh, yeah.

Oh, and I am sharing the wrong market surge. I have two up. Uh, let me share

surge. I have two up. Uh, let me share the correct one. Um, I try and put a little green uh green thing to make sure I'm on the right one. Uh,

>> but that did not happen this time. Uh,

there we go. Okay. So, uh, the NASDAQ Composite uh, finished about with a a zero, you know, 3% gain. Um, you know,

again, as as I said, it was last week that really got things going here. Um,

the S&P 500 was in a similar state. Uh,

that was finished up about 210 of a percent. The Russell 2000 was a little

percent. The Russell 2000 was a little disappointing today. Uh, that, you know,

disappointing today. Uh, that, you know, closed negative, but I mean, it had a really great day yesterday. So, it's too hard, you know, a little bit hard to fault it too much for that, uh, given

given the move yesterday. And the big thing is that a lot of these indexes are right near their all-time highs. So for

as much as we've had in the NASDAQ and S&P 500, these major uh wallops like back here on October 10th and then again here on November 20th, it just seems

like the market has been recovering okay and uh continuing to go higher.

>> Yeah, I mean it's been really it was really we've had a number of expectation breakers down and up, but this week was sort of steady. we just sort of kept on doing what we were doing just at a slower pace. Uh I think if anything the

slower pace. Uh I think if anything the only thing that we could almost the market might find it constructive a pullback so we could form more handles but you know we're all the indexes had

modest gains. Uh they're all moving

modest gains. Uh they're all moving towards highs as you say the Russell 2000 almost got there. Uh you know RSP actually did get there today. Backed off

um a little bit but it actually hit a record high. So that was showing the

record high. So that was showing the bread. The market is broad, the market

bread. The market is broad, the market is strong, there's a lot of stocks showing strength. Uh, and I was saying

showing strength. Uh, and I was saying like I was going to write about the only downside is that there's more homework to do. Now you have to look at a whole

to do. Now you have to look at a whole bunch of sectors.

>> Yeah.

>> You can't just say I'll take the Magnificent 7 and these 10 super high beta names. I mean, you could have done

beta names. I mean, you could have done that for a while and you would have been okay for several months. I mean, uh, but now you have more work. There's

medicals, there's metals, there, you know, there's there's retail, financials, there's a lot of things out there that are that are moving and so it's but that's that's that's the that's

the downside is that there's a lot more to look at.

>> Yeah. Uh absolutely. Uh well, you know, since you brought up RSP and the Magnificent 7, uh I I feel like it's only fair that we kind of do a little compare and contrast. And I really like

what you said uh earlier this week about how kind of the ideal situation after such a strong week last week would be a little a little pause, right? Yeah. And

and it feels like we got that to a certain degree uh here on the NASDAQ. Uh

some tight action uh over the last few days, popping out a little bit. Again,

not necessarily closing at the highs, but um >> you know, on the breath side, as as as you mentioned, there's a lot of areas that are kind of moving. Uh so in

comparison to like the MAG 7 or you know FNGS that we often look at uh what's what's kind of your take right now on where the puck is headed I guess

>> I don't know and it's also unclear because what if what if some of the high beta names which did start picking up what if they start taking off will the medicals and some of the more defensive growth names not that all the things like the biotech some of those are

pretty high beta too but if the if the high beta tech names come up really strong again will and some of the other names fall. I don't know. Uh actually,

names fall. I don't know. Uh actually,

one nice thing about this creeping up is that, you know, we talk about often being aggressive but gradual or aggressive but cautious, like doing it step by step, but it's been pretty easy to do that. And it's not like the market

ran away from us. Okay. Yeah, we had that strong rebound, but then we Okay, so sure, and maybe there was a couple of days where you were a little hesitant to get going, but once we got over the 50-day line, you could start building up

and you could keep buying stuff all this week and adding to your portfolio uh without the market getting getting away from you. Uh so I think in many ways

from you. Uh so I think in many ways what's been happening has been pretty ideal. Uh, I mean, I'm just so happy

ideal. Uh, I mean, I'm just so happy from where we were two weeks ago where it looked like, oh man, everything looked terrible and but really I mean it's been a really nice rally so far,

especially in terms of just adding exposure, you know, uh, you know, so that's certainly been helpful for me.

Mhm. And uh uh you know I I neglected to mention the Dow Jones Industrial Average that was also um up for the day about 210 of a percent but uh closing off the

lows that is uh also you know very close to highs. Um I guess the big news uh for

to highs. Um I guess the big news uh for next week uh a lot of eyes are going to be on the Fed meeting. Uh, and this week we saw, you know, some data start

trickling in. Uh, you know, that is a

trickling in. Uh, you know, that is a little bit late, but better late than never, I suppose. Um, and the 10-year Treasury yield. I'm going to go ahead

Treasury yield. I'm going to go ahead and throw that up real quick. Um, what's

what's kind of your take on how folks are viewing uh the the Fed rate and also just the the Treasury yields in general?

>> Yeah, I mean, I think the markets are pretty locked into a Fed rate cut, but sometimes when the Fed cuts rates, Treasury rise, especially on the long end. Uh so I mean I the economic data

end. Uh so I mean I the economic data this week was mixed but there was you know some was soft some was a little stronger but nothing that changes the the perspective that the Fed is going to cut at least this one more time. We're

going to look. It's going to be important to see what the Fed what the Fed says and Powell says, but we also have to know that by miday Powell is out and there's going to be somebody else in there. And I think that's one of the

there. And I think that's one of the other issues is that uh the front runner for the Fed uh you know uh Kevin has it is uh you know some there's maybe some

concerns whether justified or not that he's going to be too aggressive or that there's going to be seen as not independent. I think he's trying to do

independent. I think he's trying to do some rhetoric today trying to sound a little bit more independent, but I think that may be where some of the yield is coming up where it's just like I don't know, you know, don't want to get, you

know, but we'll see. I mean, again, I don't want to make too big of a point over a 10 basis point move. The Treasury

yield is still sort of in a downtrend. I

mean, we're not even over the November high. So I mean you know this is this is

high. So I mean you know this is this is like uh one of my if I if your child says dang you say all right my child is going going you know profanity laced

tirade I got to stop this it's like it's 10 basis points we'll see if it if it moves sharply from here then we have something to worry about.

>> Yeah. No that that that makes sense. Um,

let's take a look real quick at some of the sector moves um before we get into stocks because it it did seem like there were a lot of things again setting up uh following up from last week's uh move.

So, it was uh yeah, as you said, there was plenty to do, but you didn't have to feel like you were necessarily in a rush. Um and in this case, I'm going to

rush. Um and in this case, I'm going to go ahead and start with some of the best first um for the day at least. And uh

you know, or actually, you know what?

I'm going to I'm going to mix things up a little bit. I'm going to go with the best for the week. Um, and actually >> I think for this week I think this week that makes a lot of sense because we didn't not a whole lot happened today.

>> Yeah. So, um, I'm going to start with IGV software. Now, again, this was kind

IGV software. Now, again, this was kind of clobbered by the likes of Oracle, um, you know, and and Microsoft and, you know, those are still kind of recovering on the recovery path, but uh, this is

coming up to the 50-day moving average line. Uh so that was actually again

line. Uh so that was actually again sometimes the things that are hardest hit are the ones that bounce back the best.

>> Yeah. In your mind. Yeah.

>> Yeah. And then uh >> one of the things that kind of also struck me was that uh Jets the you know this has a lot of the airlines a lot of the travel companies actually um I was

noticing uh things like Expedia and uh you know booking that were kind of setting up. Uh even Marriott seemed like

setting up. Uh even Marriott seemed like that was um you know doing well until all of a sudden it didn't. Um but let's talk a little bit about jets and what's going on there.

>> Yeah, I mean it just seems like all of a sudden there's some travel going on. I

mean crude oil prices are relatively low. Uh so that's probably helping on

low. Uh so that's probably helping on that concern because that's always one issue. Uh you know it always seems like

issue. Uh you know it always seems like airlines go on these short runs and I never seem to play them right and I miss this this I didn't get I didn't board a tick that board uh the board while it

was still going. Uh but we'll see here.

I mean, it is nice to see. It's a sign.

There's there seems to be some signs of consumer strength that didn't seem to be there a couple of weeks ago.

>> And you know, uh related uh the transportation uh average. Uh this is the EyesShares IYT. Uh that's been looking a little bit stronger. Of

course, a lot of jets are in there, but it also has the likes of uh you know, some of your truckers like uh you know uh JB Hunt and your railroads and and so on. Um, another big winner for this

on. Um, another big winner for this week, uh, was the the the chips. Um, so

it seemed like even though it's not necessarily all AI anymore, uh, chips definitely were participating this week.

>> Yeah. And it's interesting because Nvidia, while it did rise this week, it did. It's still below the 50-day line.

did. It's still below the 50-day line.

So, uh, it definitely made a, you know, it advanced, it's sort of maybe setting up to get toward it, but it's not there.

But SMH is doing very well. And that's I mean there's broadcom Broadcom earnings are probably the big that may be more important than the Fed because we sort of know what the Fed might say certainly what the Fed's going to do. We don't

know what the Fed's going to say. Uh but

Broadcom earnings there's some other some other AI earnings but that but that's been doing well. Not necessarily,

you know, lighting lighting the world on fire this week but there were definitely a lot of names. So yeah. So SMH doing very well. one of the nice ways to play

very well. one of the nice ways to play it with Nvidia below the 50-day line and some of the other names like Broadcom maybe a little extended. SMH has been is not a bad thing way to play the chip

sector right now.

>> Yeah. And then also uh another area that was of interest uh and you're going to talk about JP Morgan a little bit later today. Uh KBWB, this is the bank ETF. Uh

today. Uh KBWB, this is the bank ETF. Uh

this is you know had a had a good week especially on Wednesday. Uh so uh what's what's going on here with the banks?

Yeah, I mean I think maybe there's a bit of a wider spread that's always nice for the short to long end. I think so even the regional banks I think if you punch up KRE, which has definitely not been

doing as well, uh that has picked up I think recently because that one was lagging for a while. I'm not saying it's lighting the world on fire, but it's it's coming back. So that short long spread is is improved and just maybe

general sense of stronger economy for whatever reason. Whether you think it's

whatever reason. Whether you think it's Fed rate cuts or just what have you, there seems to be whether you look at the transports, you look at retail, you look at the banks, and they're all suggesting that the economy, you know, is going to improve or is in better

shape than maybe we thought a little while ago.

>> Um, another area, uh, you mentioned metals and one of the metals that has kind of caught people's eyes is, uh, copper and SECO is one of the members of leaderboard right now. Uh, but what's

what's going on with copper? I mean

again people often call copper Dr. Copper as a PhD in economics because it's such a good it's such an industrial metal. This is a sign especially of the

metal. This is a sign especially of the goods economy manufacturing around the world that there's demand and you that huge prop there there was that was there was some weird stuff but with tariffs

going on. Uh so that's a US price. The

going on. Uh so that's a US price. The

global prices I think are at record highs uh out there. But yeah, just see again another sign that there's strength out there, especially in the goods manufacturing sector that didn't seem to

be there before.

>> And speaking of strength, ARC Innovation, ARC K, this is still below its 50-day moving average line, but again, it was uh it had a pretty good week this week, up 2.8%.

And it kind of goes to show that uh there's still a little bit more of that risk uh risk appetite increasing.

>> Yeah. So, that's coming up. That'll be

an interesting level. number of names uh that are high high growth that kind of thing. I mean Tesla came through. That

thing. I mean Tesla came through. That

was a big name. That's Arc's biggest holding. Uh so ARC isn't above there. So

holding. Uh so ARC isn't above there. So

Tesla made a nice move and it was just you know you don't know when they get up to the 50 line. Will they move through or not? And uh but Tesla did. ARC has

or not? And uh but Tesla did. ARC has

not quite done it. But yeah, what's nice is that ARC is coming up but we're not seeing the other names come up. We're

still seeing the medicals. We're still

seeing the other stuff. It's not like there's only so much oxygen and oh the high beta names are coming in. everybody

go back out of the pool >> um because the high beta kids want to play uh again. So it's it's it's just adding to the breadth. Uh so it it's

it's again very encouraging.

>> Yeah. And uh XLK again, as you said, it's not like tech isn't participating here. It's not like it's uh all these

here. It's not like it's uh all these defensive areas. Uh tech had a very good

defensive areas. Uh tech had a very good week this week. Uh up 2.4%. Uh for those that may have panicked, uh there was a two for one split here. So no, you didn't get knocked down 50% uh if you

had if you had this uh there there was a two for one split in a number of these uh uh sector ETFs. Um so uh XLK back above its 50-day moving average line.

>> Yeah, I mean looking good here. Uh doing

exactly what you wanted. Uh you know, so it was lagging a little bit but coming on again.

>> And I also wanted to spend a little bit of time on XRT uh retail uh Again, you mentioned a little bit before that, you know, there's some signs that the economy is a maybe a little bit better

than people thought. Um, and a lot of folks were thinking, okay, consumer discretionary retail uh was was really kind of struggling and you know, you can point your finger at whatever you want,

but it does seem like there's a little bit more strength uh to be had here.

>> Yeah, it's uh and definitely pockets of strength and discounters and and apparel retailers, but there's a number of them.

I mean, it's not just one or two. Dollar

Tree, there's Five Below, uh, in American Eagle, but there's probably like nine or 10 that you can easily say, "Yo, those are doing really well." Uh,

you know, so definitely definitely again another sign of of that of encouragement. There was a lot of

encouragement. There was a lot of optimism about the holidays at least among these leaders. Now, there's some others that maybe not, but uh, yeah, XRT isn't at highs, but that's overall trending higher and and looking pretty

good. Mhm. Uh QQW again kind of showing

good. Mhm. Uh QQW again kind of showing this is the equal weight uh NASDAQ 100 uh almost almost at highs off off its highs a little bit uh today but still

very close to those all-time highs. Um

XLE uh you know whether you look at the you know explorers and producers some of those were having a good week this week.

Um but a little bit of a reversal today as it started you know coming up to that 4645 resistance area. Yeah, a lot of energy names in this and and there's some better names. There's this is

dominated by Chevron and Exxon, but there's a lot of other names that are doing better. Some, you know, some

doing better. Some, you know, some refiners, some some services, and then a lot of natural gas plays that are doing well beyond some of the AI related

energy electricity producers. So, energy

broadly had a pretty good week. Mhm. Um

running through a few other areas. Um

XLC, which is dominated by Google and Meta. Uh that's tracing out a little

Meta. Uh that's tracing out a little double bottom here. Meta seems to uh be giving a shot at its 50-day moving average line and 200 day moving average

line. um after really getting clobbered

line. um after really getting clobbered uh earlier uh earlier earlier news this week of uh job cuts um and and I I guess was it job cuts or just spending cuts on >> spending cuts to the metaverse project

which never seemed to be that was something that Zuckerberg cared about nobody else seemed to and so people were happy to see that it's like diver devote all you know power to the uh AI not not metaverse

>> yeah and then XLY also uh as we as we mentioned with retail consumer discretionary uh doing fairly Well, Q's uh had a good week. Again, this was up

uh you know, up a decent amount for the week. And SLX um you know, you mentioned

week. And SLX um you know, you mentioned again metals. We talked about copper,

again metals. We talked about copper, but steel has been also getting some attention here. Uh not a great day

attention here. Uh not a great day today, but uh for the week, you know, still still doing doing okay for the week.

>> Yeah, I mean again, yeah, so nice to see that movement. There's even some foreign

that movement. There's even some foreign ones. It's not just tariffs that are

ones. It's not just tariffs that are helping the local steel makers. It seems

to be overall. So just again just big cyclical names are doing well and cyclical names rise when you think the economy is doing pretty well. So it's uh that's what's happening here.

>> And then as we mentioned uh with banks XLF uh having having a decent week um and again we went from best to worst. So

now we're getting into those that were up maybe less than 1% for the week. uh

XLI, the industrials, uh that was also up for the week, but uh you know, really close to those highs from earlier uh just just just a month or so ago. SPY,

as as we mentioned, uh that's almost at highs. FNGs and RSP that we've already

highs. FNGs and RSP that we've already talked about. Uh let's spend a little

talked about. Uh let's spend a little bit of time on XBI because this is just an area that doesn't seem to be uh you know, giving up anything at this point.

It's and I do have a position in XBI myself. Um but yeah, this has been

myself. Um but yeah, this has been trending really nicely along the 21day moving average line despite what was going on with the general market.

>> Yeah, it's uh that's been really really impressive and I I wish I'd gotten into this a couple of times and I I I stepped away. Do have some exposure to biotech

away. Do have some exposure to biotech sector, but this is looking very strong.

There was some news this week that the FDA might uh reduce how many clinical trials you need and so that provided another boost late in the week, but this has been just rallying on a lot of lot

of news and you can find a lot of quality names in in this space for sure.

>> Um, gold uh I actually did a did a column this week on GDX uh but this this was this was looking a little interesting earlier in the day but uh

ended up reversing. Um what's what's what's happening with gold? I mean, it's still basing, but a lot of people were thinking, well, gosh, this uh this move that it had over the summer, I mean, there's no way that could be

sustainable, but it certainly doesn't seem like it's necessarily done yet.

>> Yeah, it doesn't seem like, you know, if you go to GDX, I think that one has been stronger. I mean, the miners tend to

stronger. I mean, the miners tend to outperform to the upside and downside.

Some have gotten extended, some have not, but you know, honestly, that looks pretty good. Now, you're getting a

pretty good. Now, you're getting a pullback. you know, if you didn't get it

pullback. you know, if you didn't get it bouncing off the 50-day line, you can buy things. There's some handles forming

buy things. There's some handles forming on GDX and GLD, and there's some individual names in there. So, whether

you go with the ETFs or or go with individual names, this might might go again. I mean, the Fed meeting could

again. I mean, the Fed meeting could could send a big move either way. Uh,

but yeah, this is this has been just a really stellar stellar area all year.

Mhm. Um now of course Staples which you typically expect to do a little bit better on the defensive side uh that's still below its 200 day moving average line. So even when we were going through

line. So even when we were going through our little pullback here on the market indexes uh XLP still didn't get enough strength to really kind of move the needle there that much uh above the 200

day moving average line. It did get above the 50 where it still remains but still you know not this is this is definitely not sucking the air out of the room as you said. Yeah. No, even

even when the market was doing poorly, this really wasn't making real progress.

That RS line has been really weak. I

mean, modest gains here and there and then falling off. It just this has not been a place to be.

>> Yeah. And this is despite if if I'm not mistaken, Walmart, I think, is one of the the big members.

>> Yeah. The retailers, I think, because people are going down. So, it's not so much it's probably more the food. I'm

thinking the packaged food and just that's where probably some margins are getting squeezed. it whereas Walmart and

getting squeezed. it whereas Walmart and TGX and those folks are probably getting customers that are higher income to to move down to them and are taking advantage of that. But yeah, that that's

I think what's going on.

>> Um ITB uh we talked a little bit about the 10-year Treasury yield, which of course is tied to uh mortgage rates to a degree. Uh that had a really strong

degree. Uh that had a really strong looking day on Wednesday, but uh unfortunately couldn't hold on to the gains. Um there there still are some

gains. Um there there still are some pockets of strength here, some things that are holding up a little bit better.

Uh one of the earnings reports that came out this week was HOV and that really got clobbered uh what was that down 20% uh yesterday. But uh overall, what's

uh yesterday. But uh overall, what's your take on ITB and the home home builders?

>> Yeah, I mean I think there's some excitement about maybe you're going to see uh you know probably on on rates, but you know, if Treasury yields rise in the wake of the Fed, that's not going to help. But I think that's part of the

help. But I think that's part of the reason the Treasury yields continuing to rise. That would be an issue. And I I

rise. That would be an issue. And I I guess I'll be curious. Toll Brothers

reports next week. They're a luxury builder, so they're a little bit more insulated because the higherend income folks are in better shape. I mean, as they usually are, but you know, with the stock market high and, you know, if eggs

are up a little bit more expensive, it doesn't hit the rich so much. Uh, but

Toll Brothers, it'll be interesting what they say about labor costs, what they say about other costs. Is there really are they really seeing pent-up demand beyond interest rates? Uh so I think

that'll be an important report for the housing sector.

>> Makes sense. Um FFTY, which actually does have a lot of gold exposure right now, uh that did get clobbered, but it is uh trying to get back up to its 21-day moving average line, still below

its 50-day moving average line. So um

yeah, still has still has some work to do here.

>> Yeah. Yeah. And it so shows you that well ARC is moving up there, but you know that sometimes there's a few specific names like Tesla's such a big name in Arc that's helping and they have some other things but it does so there's still some damage in high beta. I mean I

yeah there's a lot of gold in here and there's a lot of names that are not high beta names but it does shows you that there's a number of things that are still still below and you want to be above the 50-day line and the fact that

this can't get above the 21-day line isn't a great sign for that that field.

>> Yeah. Um, and just rounding out again some of the stock or some of the groups that were hit this week, uh, XLB, the materials, uh, that was, uh, that was down for the week. Another one that had

a two for one split. So again, just, uh, just be aware of that. XLR, which is the real estate ETF, uh, this this one's still hovering right around its 50 and 200 day moving average line. They're

almost uh intertwined at this point. Uh,

but one of the big moves down uh, here was IBIT. Um, Bitcoin still really

was IBIT. Um, Bitcoin still really struggling. I mean, it had a couple good

struggling. I mean, it had a couple good days this week, but overall still down considerably.

>> Yeah. And, you know, it's hitting resistance near the 21day line. It's

done that for a few weeks. And so, that did not have a it didn't have a good close. It's nice to see because that was

close. It's nice to see because that was one of the culprits. People said either blamed it or said or put it next to it or said or they were both falling. So,

I'm gl It's nice to see that the that the broader stock market didn't really seem to get hit by Bitcoin. That's

something to to watch.

>> Uh XLV, the medical or healthc care space I should say. Uh that that looks like it's uh you know, you pull back to the weekly here. Uh it looks like it's just building a handle. So definitely

XBI, the biomed biotech ETF a lot stronger than healthcare. Uh this um yeah, this didn't have a great week.

What was dragging this down?

>> Well, at least you think of big pharma.

I mean like like Lily is down for seven straight days now. You could say that's a constructive pullback, but that's a pullback. Um, and it hasn't yet, you

pullback. Um, and it hasn't yet, you know, maybe it bounces off the 21day line, maybe it doesn't, but Merc was down, has shown similar action again after a big move. So, those are a couple of names that I can think of. I didn't

dig through all of it. And it could be that some of the positive FDA news, I mean, that may not be great for Lily if if this means that we get a rival obesity treatment, say, or rivals. So,

these established companies, uh, again, I don't know how that all plays out. I

mean, you'd have to look at individual names, which ones have all these drugs that are under threat, which ones have trials that could be benefiting from it, but uh you know, I suspect that's what it what's going on. I mean, it's a sort

of a well-deserved rest for some of these names. Uh but yeah, not not a

these names. Uh but yeah, not not a great week for them.

>> Yeah, to your point, BKTX, um you know, they're working on some some of that obesity drugs and this one uh had a a fairly fairly strong reaction to that. Uh and then again just rounding

to that. Uh and then again just rounding out the sector ETFs, um the worst for the week was XLU. Uh this one is back below its 50-day moving average line. Uh

whereas this has had a lot of kind of that AI adjacent stuff helping out um you know overall it it just wasn't enough this week. So this has been pulling back and undercut uh recent lows

but coming right to the top of this base here uh from September. Um okay let's uh shift gears uh a little bit and we will talk about some individual stocks and we

can start with uh penumbra this is in the medical space medical products I do have a position in this and we also put this on swing trader this week but what's your take here Ed >> yeah I mean there's a clear buy point of

30101 handle it's not going to show up on market but there's a clear handle there it got above there for much of the day uh today uh it just pulled back just below it but I think you could still be actionable from breaking the downtrend

of the handle you could have done that earlier. So, it just seems to me pretty

earlier. So, it just seems to me pretty clear there. Uh, you know, we saw the

clear there. Uh, you know, we saw the revenue growth pick up this time. I'm

not in love with this space. I'll be

honest. That's one reason I passed on it even though it's acted well. And but if you go to a weekly, this is when it sort of it's, you know, uh, it's had some ups and downs and so I'm not super thrilled

by this. And the RS, you know, uh, I

by this. And the RS, you know, uh, I would love to see a longer handle or a base on top of this. Um, but you know, it's shown a lot of strength the last several weeks, ever since the last

earnings report. So, uh, that would be

earnings report. So, uh, that would be the other thing. I just like to see it settle down because it's been rising all this time. But I really like this action

this time. But I really like this action and we're seeing a lot of medicals. You

can see they has pretty solid growth, you know, out there. It just it wasn't impressing Wall Street for a while. You

had some big numbers, but the market didn't like it, but now it does. And

that the fundamentals are pretty strong here. Look like they're going to be

here. Look like they're going to be solid. I mean not amazing revenue growth

solid. I mean not amazing revenue growth but pretty strong earnings growth especially uh after a couple of quarter maybe after one more quarter of like okay numbers uh should be some really

strong numbers. So yeah I I I I like

strong numbers. So yeah I I I I like this uh I like this name especially in the last couple of weeks.

>> Um yes and on swing trader we did get this uh yesterday uh as it was reversing and kind of you know getting uh a little bit of a boost. So, we got this earlier in the day and already we're up on it by

the end of the day. Added to it a little bit. We've been starting our positions a

bit. We've been starting our positions a little bit smaller just because we had so much uh I mean, look, November was not great. So, it was one of those

not great. So, it was one of those things where it's uh when when things aren't working, you don't just start putting more and more chips uh on the table. Uh you kind of scale back a

table. Uh you kind of scale back a little bit and then let the market tell you when it's, you know, the coast is clear and it's safe to poke your head out again. So, uh that's that's the way

out again. So, uh that's that's the way we handle this on Penumbra. Um, let's

also take a look at, you know, one of the big leaders of the year that everyone has been, uh, you know, watching is Verdive. Uh, so again, on this AI side, uh, some of these looking like they're they're on the comeback

trail.

>> Yeah, a few times it looked like it was flashing early entry, then pulled back a little bit, you know, after it got above the 50-day line. But it's now clearly above short-term highs. It's still

relatively close to the 50-day line.

It's above the November 20th high, that downside reversal day that really sucked, you know, like, you know, really made feel everybody feel like things were going to be terrible and then immediately turned back. But this one

came back very quickly. Uh, so this is acting well. I will say that today's

acting well. I will say that today's action could be a bit false or or or a bit premature because there's there um

later today, very soon, uh, the S&P Global will announce the rebalance for the S&P 500. A lot of people are talking about Vertive as one of those that could get in. It gets in, it probably goes up

get in. It gets in, it probably goes up another five, 7%. I don't know. I mean,

but if it doesn't get in, it could fall 4% or at least just give up today's game. So, I mean, you know, I don't know

game. So, I mean, you know, I don't know too many people who are trading after hours right now thinking about buying it, but so it's probably not going to hurt anybody, but you know, definitely could, you know, there's a good chance

this one will make a big move on Monday morning, up or down, uh, depending on what happens in the next few minutes.

>> Yeah. No, that makes sense. But but but but growth is strong. You saw the earnings pick up, you know, the last quarter. Uh you know, the the revenue

quarter. Uh you know, the the revenue growth had been sort of tepid for a while. It really picked up again. You

while. It really picked up again. You

know, it's just a big player out there.

I mean, there's so much data center out there. This is a great way to play it.

there. This is a great way to play it.

Uh their Nvidia partner, but presumably they work with others as well. And you

know, so they're they're doing very well.

>> And just uh touching on a little bit of everything. Uh we got we got medical, we

everything. Uh we got we got medical, we got the AI space and uh let's end with financial JP Morgan um you know close closing down for the day but this was um

a lot of these were kind of retaking or coming right back to these previous areas of resistance. So it'll be a matter of just seeing how they they finish uh finish finish out here. Do

they overtake that or do they get turned away?

>> Yeah. And I think you could use that that 318 as well or you could use 3225 either way especially if it bases out longer. Came right up there. Now I what

longer. Came right up there. Now I what you did on swing trader with Goldman Sachs, I think that was probably a better play, but that's that to me at this point seems a little more extended.

I mean there was an opportunity a couple days ago. You could still buy it, but it

days ago. You could still buy it, but it just feels like it's a little more out there. So that was the better play. JP

there. So that was the better play. JP

Morgan is very close though, or you could use one of those APS like KBWB. Uh

but JP Morgan, you know, again, it's a steady steady performer. Uh I say JP Morgan and Goldman Sachs are basically like when you think about banks that are generally steady performers over time.

Uh the best in breed, these are those are the names. Uh so but um yeah, JP Morgan still acting well, economy still doing well. Should

doing well. Should >> I'll throw Morgan Stanley in there, too, just for >> Morgan Stanley's out there. There's a

number of names that are out there that are doing well. There's a lot of foreign banks, too. There's there is I couldn't

banks, too. There's there is I couldn't believe it. leaderboard like we're going

believe it. leaderboard like we're going to put this Peruvian bank on. It's like

what you know BAP but that did very well then it you know surged up and uh it you know pulled back but but you know but acted fairly well here. So again there's a lot of foreign banks out there that

are doing well. This is just a stronger area right now. Uh so definitely people should be looking at this is what I'm talking about where there's more homework. What I got to look up Peruvian

homework. What I got to look up Peruvian banks now.

>> Exactly. Right. And I mean, you know, it's like, [laughter] >> but you know, but >> and for a while there, we were looking at uh, you know, this Brazilian Brazilian bank, you know, this this got

hit. So, um, so yeah, again, it's uh

hit. So, um, so yeah, again, it's uh there are other there are other factors to look at with with some of these um you know, and yeah, it it it as you said, it does require a little bit more

homework, but uh I will say that one of the ways I do my homework is I read your futures column over the weekend. Uh so

uh for folks that haven't caught that, if you go to investors.com, a lot of times you'll find uh Ed's work right on the homepage because he's one of the few people that is like, "Oh yeah, sure.

I'll give up my weekend and just, you know, watch uh watch what's happening in the market all the all the time." So

>> I live a rich and full life, don't I?

>> Right. Exactly. Um Yeah. Well, I'm your head. Uh but uh just just to kind of

head. Uh but uh just just to kind of wrap up uh what what we looked at uh and and what's coming up. So, in addition to the Fed, anything else? Uh, I mean, earnings, uh, normally I I tout your

earnings cheat sheet that you do with Alexis, but, uh, there's not much to really, uh, do there. There's still a number of S&P 500 stocks that will be coming out in the next couple weeks. Um,

at you mentioned, you know, some of the homebuilders that will be coming out like Toll Brothers, uh, and and others.

But, um, anything that we should be on the lookout for in addition to the Fed meeting next week?

>> Well, Broadcom, as I said, and then there's also Oracle. I think that's a big deal. Oracle the stock has not been

big deal. Oracle the stock has not been doing well, but I think people want to hear about that. It's like all, you know, there's just some questions about will all this stuff pay off like is Oracle making money off of this? Can

they finance all this stuff? Uh, you

know, all these data centers and that plays into a whole bunch of other companies. Uh, so if they can allay

companies. Uh, so if they can allay fears, I mean, you may not want to buy this, but there may be a whole bunch, you know, maybe Vertus jumps on that news, you know, who knows how the, you know, those kind of things.

>> Uh, there's also Sienna, which has really come on. uh that's a fiber optic play that gets into AI. So that's been basing. So that one could be

basing. So that one could be interesting. So those are some of the

interesting. So those are some of the the bigger names that I think that could really move the market. But yeah, after that there won't be too much uh I mean there'll be some trickles that are coming in. But I think those are those

coming in. But I think those are those [clears throat] reports along with Toll Brothers are what I'm going to be looking at uh along with the Fed. Mhm.

And you know, just as a reminder for the S&P 500, the broader market, um you know, we have really checked off a lot of the boxes starting last week. Uh we

were asking, okay, can we get back above the 50-day moving average line? Can we

get back above the 21-day moving average line? We did that last week. uh we also

line? We did that last week. uh we also cleared that Thursday uh November 20th high in a lot of uh the indexes and now

we are it's one thing to get above those levels but it's another thing to stay above those levels. So I'm a little heartened by the fact that we are continuing to make progress to trend

above those moving average lines. Um so

I guess there's there's kind of two camps. There are those that maybe uh

camps. There are those that maybe uh didn't do much selling through all of this. They're like, "Oh, well, I'm, you

this. They're like, "Oh, well, I'm, you know, I've got long-term uh gains that I I'm I'm looking at here. I' i've had a good year. I want to see if I can get a

good year. I want to see if I can get a little bit more. I've got cushion on my stocks." Uh there might be those that

stocks." Uh there might be those that were more on the swing trading side that, you know, got knocked out of everything. I I was I was very light in

everything. I I was I was very light in my portfolio for a lot of um you know, for for a lot of my accounts. Um, so I guess ramping exposure back up, uh, you

know, we did get down to zero to 20% in our recommended exposure on the big picture. So in what ways should we think

picture. So in what ways should we think of or should should folks be thinking of ramping that exposure up?

>> Well, I think I mean hopefully people have done some picking up. I mean,

doesn't IBD is suggesting 60 to 80%. You

can be a little higher than that, you can be a little below that. But again,

as I say, like if you can when we talk about gradually like 10% a day and there may be certain days and you get more aggressive, if you're more aggressive, you have to be ready to get out quicker if things don't work out. But once we got over the 50-day line and especially

above the November 20th high, people should have been adding exposure. So

once you do that, and there were definitely things to buy, but if you do 10% a day, 10 10 10, I mean, not every day, but it's like maybe a couple days 5% or something, but you could easily

have gone from 10% to 70% without being >> rushing in. you're just like, "Hey, I'm finding stuff to buy." Because that's how this market has been. I'm finding

stuff to buy. You know, things aren't going crazy like, "Oh, look, there's this financial. Oh, look, there's this

this financial. Oh, look, there's this medical. Oh, look. Hey, this stock is

medical. Oh, look. Hey, this stock is moving back above the 50-day line aggressively." You know, so I think

aggressively." You know, so I think that's the way this has been a real again, I I think this has just been really really a positive couple of weeks. Not just because, yeah, the gains

weeks. Not just because, yeah, the gains have been great, but I think it's been a really easy market to add exposure.

There have been stocks every day that have flashed buy signals. They've

generally worked. I mean, I'm not I mean, I'm sure there's some that have fallen back. Uh but, you know, but it's

fallen back. Uh but, you know, but it's again, we didn't race up race up where you feel like everything's extended before before you had a chance to step in. So, uh whether you were held a lot

in. So, uh whether you were held a lot of things or you were a swing trader or somewhere in between, I think there's been an opportunity to be solidly invested. Uh just keep on working on

invested. Uh just keep on working on watch lists. If you have some laggers,

watch lists. If you have some laggers, you might be looking about cutting them because some some stocks are not participating as well. You know, cut them. Look for, you know, if you see

them. Look for, you know, if you see something better that you want to add if you don't want to beef up your exposure uh net overall more. But I again, I think this is just a really positive

market as long as this trend continues.

Uh you know, you can sort of gradually build it up to the level that you're you're comfortable with. Uh and you know, hopefully we have a long Santa Claus rally that uh that that comes

early and lasts longer. Yeah, and I would just add that, you know, one of the things to remember, especially if you were like myself, I was starting off with some smaller position sizes to kind

of test the waters initially. Um, you

know, don't think that you have to start with brand new positions. You can add to the ones that are working. That's a

great way to use the market as a feedback mechanism, uh, to let it decide, okay, here are the things that are working, here are the things that are not. you take the money from the

are not. you take the money from the losers, put it into your winners, and that's how you can build a larger position and make those uh stocks when when you're right, make it really make a

difference um in your portfolio. So, uh

thanks a lot for all of the uh commentary there, Ed. I hope you have a great weekend and I will be looking forward to your futures column as I'm sure many of our folks will. Uh but

thanks a lot for the commentary.

>> Thank you, Justin.

>> And that's going to wrap it up for us this week. Thank you so much for

this week. Thank you so much for watching and we will be back on live at IBD live in the morning on Monday. I'll

be hosting that show and uh we usually start 10 minutes before the market open and we go a full 90 minutes in uh to kind of get you started with your day and what happened over the weekend and

how what stocks are setting up. It's a

live look at the markets. Uh so hope you join us for that if you haven't already at investors.comdlive.

at investors.comdlive.

You can also catch us on the stock market today video. At the end of the day, we're gonna have also Jim Roel coming on to do his monthly market report next week. Uh so that's going to be very interesting to take a look at.

We're gonna have Jeffrey Hirs on the podcast from Stock Traders Almanac. And

then as always, we have a whole host of uh special guests on IBD Live as we uh typically do on Fridays, including our regular special guest, David Ryan, on

Tuesdays. So, a lot of stuff going on

Tuesdays. So, a lot of stuff going on here. Hope you can join us for some of

here. Hope you can join us for some of that and hope we can help you make some money in the markets. So, that's going to wrap it up. Thanks a lot for watching. We'll see you next time. Bye

watching. We'll see you next time. Bye

now.