July 25, 2021, 4:38 pm EDT
Internet Reclaimed the Leadership
Internet and social network came back again to reclaim the leadership last Friday: SNAP +24%, PINS +6%, FB +5%, GOOGL +4%, DASH +3%, TWTR +3%.
Straight four-day gains last week pulled all major indexes into bullish mode by eliminating the one-day drop. Technically, high volatility is the way to go. Thus, it is important to be nimble and fast in this type of market.
The three main areas of interest of leaders are technology, consumer discretionary, and bio-tech.
Internet stocks mentioned above provide fast growth. Consumer discretionary could rise up because of economic reopening. Lastly, biotech companies continue to be strong due to COVID-19 varients.