![]() The equal-weighted index is underperforming drastically compared to the market-cap-weighted index. A few of the largest stocks in the market are driving the latter's performance, while all the stocks are equally driving the former's performance. One way of looking at breadth is comparing the equal-weight S&P 500 index to the market-cap-weighted index. "We think the pendulum swung too far this summer and that a risk-off complexion is likely with us in September."Īlso, on technicals, market breadth - or the share of stocks participating in the rally - is still weak. "Late in the cycle when the data is conflicting, sentiment can be influenced by stock prices more than usual," he said. While part of the market's performance has been driven by an emerging soft-landing narrative as economic data holds up, the rally is also partly the result of a positive feedback loop where investors become more optimistic about the economy because of how stocks are performing, Wilson said.īut that momentum has now probably brought the market too high, Wilson warned, and it's time to start hedging against potential downside soon. In a client note on Tuesday, the bank's CIO and chief US equity strategist cited both technical and fundamental reasons the S&P 500's 17% advance this year is likely to end soon. Morgan Stanley's Mike Wilson says the stock market's rally is likely running out of steam, and quickly. He likes "defensive growth stocks," industrials, and energy stocks.But Mike Wilson says the advance is due to end as momentum subsides and spending slows.LinkedIn fell less than 1 % to $192 during regular trading Thursday.Account icon An icon in the shape of a person's head and shoulders. ![]() LinkedIn’s stock has fallen about 14.7% this year as of the close on Thursday. Even Microsoft’s personal AI assistant Cortana could come into the fold, providing tasks such as telling users the professional background of a business partner before a meeting. Microsoft said t he social network for professionals would “retain its distinct brand, culture and independence.” The deal co uld make a host of integrations between Microsoft and LinkedIn possible across tools such as Office, Outlook, Calendar and Skype. We believe joining forces with Microsoft enables us to further accelerate and scale our ability to deliver value and create economic opportunity for every member of the global workforce."Īt the time the deal was announced, Microsoft said Weiner would stay on as LinkedIn's chief executive, reporting to Microsoft CEO Satya Nadella. Founded in 2002, LinkedIn went public in 2011. “Continued product innovation drove increased levels of engagement, and strengthened our enterprise offerings. “ In Q2, we demonstrated good momentum with our member and customers, and delivered strong financial results, ” LinkedIn CEO Jeff Weiner said in a statement. ![]() LinkedIn reported 450 million users in the second quarter, up from 433 million users in the first quarter. Premium subscriptions sales rose 21% year-over-year to $155 million. Sponsored content continues to be LinkedIn's fasted growing business within this unit, making up more than 60% of sales during the second quarter. The marketing-solutions unit, which sells advertising on LinkedIn properties, grew 29% from a year earlier, to $181 million. ![]()
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