The S&P 500's Top 5 Leading Stocks for Dec 9-13, 2024

Here are the top five leading stocks for last week. The reason this is important is because this blog focuses on momentum trading. Momentum trading believes that stocks that lead tend to keep leading and stocks that lag tend to keep lagging. There will be some exceptions, but this rule tends to stay true. In the case that it doesn't, exit out. Regardless of whether you momentum trade, this information is still valuable. At the very least, you'll have some stocks to consider. 

** These charts posted here are six-month charts 

The S&P's 5 out of 500

5. $BA - Boeing

What's Boeing? 

"Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries" (boeing.com).

Why'd it go up?

Boeing just resolved the labor strike with their union, allowing Boeing's production lines to get going again. (fool.com)

4. $TSLA - Tesla

What's Tesla?

Tesla "designs, develops, manufactures, sells, and leases electric vehicles and energy generation and storage systems" (globaldata.com).

Why'd it go up? 

Some speculate that Tesla's consistently good performance is because the CEO of Tesla, Elon Musk, backed President Trump's campaign, and that the stock will benefit when he comes into office.

3. $WDB - Warner Bros Discovery

What's Warner Bros Discovery?

WBD creates and distributes content and brands across television, film, and streaming (wbd.com).

Why'd it go up? 

WBD recently aannounceda a major company restructuring; they're splitting WBD operations into two (finance.yahoo.com). 

2. $WBA - Wallgreens Boots Alliance 

What is Wallgreens Boots Alliance?

WBA is "an integrated healthcare, pharmacy and retail leader" (walgreensbootsalliance.com).

Why'd it go up? 

Rumors have been spreading that Wallgreens is going to be bought out by Sycamore Partners (smartkarma.com).

1. $AVGO - Broadcom 

What's Broadcom? 

Broadcom is a global technology company that "designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions" (broadcom.com).

Why'd it go up?

The Q4 report for Broadcom came out and on the call, Chief Executive Hock Tan said that Broadcom's market opportunity could reach a whopping $60-90 billion in November 2027. Additionally, BroadcomeBroadcom signed two major customers; Apple and OpenAI (investors.com).

Our Blog Portfolio

This is where our portfolio left off last week.

Here's how it looks now.

There are significant losses here, with SMCI being the one most noticeably dipping. For the sake of risk management, we will be selling stocks that go beyond a 5% decrease. We'll be removing CSGP, VST, HPE, and SMCI.

Next post, we will be getting rid of stocks that have been stagnant/profit-yielding of two weeks. 

Have a holly jolly Christmas!

Xoxo.