| Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events. TECH SAVVY BULLS
The Nasdaq hit a fresh record high this week – the tech-heavy index is now on pace to finish the year up well over 30%.
Over the past 25 years, the Nasdaq has jumped 30% or more in a year on 6 other occasions – following those gains, the positive momentum tends to continue through the next quarter, with the Nasdaq adding another 5.7%, trading positively 83% of the time. The Tech sector also performs well, gaining 5% over the following 3-month period, also a positive trade 83% of the time.
 Taking a longer-term view, history suggests investors should continue to ride the bullish trend for the entire year – over the following 12 months the Nasdaq and the Tech Sector each gain an average of about 12%, trading positively 83% of the time. Both outperforming the S&P, which adds about 10%.
FAILURE TO DELIVER
Shares of FedEx tumbled about 10% on Wednesday after it reported a 40% year-over-year decline in profit and a 3% drop in revenue - the company also lowered its guidance for 2020. It's been a rough year for the shipping giant – the stock is down over 8% in 2019 – compare that to United Parcel Service which has gained about 21% and the S&P 500 which is up 28% so far this year. And according to history, the downward pressure on FedEx could continue through the New Year.
A month after moves of similar magnitudes, the trend tends to continue with the stock slipping another 1.5% - trading negatively 67% of the time.
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Jumat, 20 Desember 2019
Tech investors toasted the sector's rally this year, but history says this is in store for 2020...
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