4 Fastest Growing Blue Chip Stocks

Not even a 30% plunge in Cathie Wood's flagship fund could scare off the media... In early March 2021, Wood was still at the top of the financial world's publicity heap.

What's the Fed's next move? Find out on Dec. 6 ➤ This Popular Wealth Destroyer Just Made a 'Bullish' Turn By Vic Lederman, editorial director, Chaikin Analytics Not even a 30% plunge in Cathie Wood's flagship fund could scare off the media... In early March 2021, Wood was still at the top of the financial world's publicity heap. Wood's ARK Innovation Fund (ARKK) soared 350% from its March 2020 low through its February 2021 high. So not even a 30% drop could force her out of the market's limelight. But folks, here's the important part... Wood did an interview with financial-news network CNBC on March 8, 2021. She told viewers that the bull market was "broadening out" and "strengthening." Importantly, Wood said that it would "play to our benefit over the longer term." Of course, as we now know, things got much worse from there... ARKK plunged another 73% from that day through its December 2022 bottom. And the exchange-traded fund ("ETF") is still down nearly 70% from its February 2021 high. I can't help but wonder... How many folks did Wood persuade to hold on? Fortunately, if you're a Power Gauge user, you saw the devastation coming... Our system flashed "neutral" on ARKK near the end of February 2021. And as Wood performed her media circus a month later, it signaled a full-on "bearish" warning. Now, ARKK is climbing off its bottom. And the Power Gauge is even flashing a "very bullish"  Recommended Links: Tomorrow: A Severe Financial Crisis Is Underway It doesn't matter if you have money in the markets right now or you're waiting on the sidelines. The short period we're about to enter could have the power to make – or destroy – fortunes. And what you do tomorrow could determine your wealth for the next decade. Click here to prepare now. Best way to buy gold today (not what you'd think) With so many strange events happening across the economy (longest bear market for bonds since Civil War... unprecedented bank closures... and soaring prices) – it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – without ever touching an ETF, mining stock, or even bullion. Full details here. First, let's revisit ARKK's massive drop from its February 2021 peak... As you can see in the chart below, the ETF's crash makes the tech sector's 2022 losses look small. We're using the Invesco QQQ Trust (QQQ) to track the tech sector. Take a look... In short, Wood talked her book. And she kept doing it as ARKK crumbled. But today, the Power Gauge's overall outlook on ARKK is a lot different... The ETF now earns a "very bullish" rating. You can see why in the bottom-right corner of the chart. ARKK has ripped higher over the past month. It's up roughly 43% in that span. And Wood is once again making the rounds in the financial media. As part of her latest TV tour, she told Bloomberg near the end of September that "we're ready for prime time." Sure, ARKK holds more "bullish" or better stocks than "bearish" or worse ones today (9 to 5). But that's likely due to the tech sector's latest surge – and not Wood's magical touch. The Nasdaq Composite Index itself is closing in on new highs. The tech-heavy index is only a few big days away from uncharted territory. We could hit that level by the end of this year. My point is simple... As investors, we don't need to rush out and buy Wood's wealth-destroying ETF to make money in this space. The Power Gauge helps us see that QQQ holds 37 stocks with "bullish" or better ratings today. And with our system, we can pick and choose from the real best of the tech sector. In the end, ARKK is a great example of Wall Street working against everyday investors... Wood's job is to make money. So she'll keep talking her book whether her flagship ETF is heading up, down, or sideways. After all, investor interest is the key to profits. The Power Gauge doesn't care about any of that. It's only interested in finding winners. Good investing, Vic Lederman Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.400% 9 19 2 S&P 500 -0.890% 151 278 68 Nasdaq -1.580% 37 48 14 Small Caps +0.370% 638 946 338 Bonds -0.820% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks have become Bullish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Real Estate +4.12% Industrials +2.46% Financial +2.33% Materials +1.74% Health Care +1.39% Utilities +1.26% Staples +1.24% Discretionary +0.87% Energy +0.02% Information Technology -1.30% Communication -2.33% *  *  *  * Industry Focus Telecom Services 5 16 18 Over the past 6 months, the Telecom subsector (XTL) has underperformed the S&P 500 by -6.57%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #20 of 21 subsectors and has moved down 4 slots over the past week. Indicative Stocks VSAT Viasat, Inc. LITE Lumentum Holdings In HLIT Harmonic Inc. *  *  *  * Top Movers Gainers BBWI +6.11% IDXX +5.36% EL +5.12% NCLH +4.78% VFC +4.70% Losers ALK -15.71% ANSS -4.94% ALB -4.41% INTC -4.16% PANW -4.11% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close CNM, FERG TOL AZO MDB, S SJM No earnings reporting today. Earnings Surprises GTLB GitLab Inc. Q3 $0.01 Beat by $0.04 SAIC Science Applications International Corporation Q3 $2.27 Beat by $0.58 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. All rights reserved. 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