Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to press on to new highs last week, with all the key indexes hitting record highs.
The Nasdaq is getting extended, as Tesla and especially Nvidia (NVDA) surged higher last week, with other EV and chip names also soaring. It’s a time to pay close attention and consider some portfolio management.
Expedia (EXPE), Airbnb and BKNG stock all broke out Friday, buoyed by strong results last week and several positive tailwinds. Covid cases are down sharply, vaccinations are up, travel restrictions are easing while a new Pfizer (PFE) Covid pill offers much-greater treatment for patients who do get the coronavirus.
Travel could be the new hot sector, and far more than online travel sites….