Yahoo Finance

A tad quietly, the so-called "Magnificent 7" have come back to life -- and in a big way. After many of the stocks topped out five months ago, they then built bullish bases before breaking out to all-time highs (ATHs) in November and December. And as they always do, momentum chasers have a clear shot at taking these and other mega-caps in the Nasdaq 100 (QQQ) nicely higher into year end (and possibly into early 2025). When stocks in a sector and/or industry break out to all-time highs as a group, we take notice because so many buyers are sitting on top of a profit. The top 10 QQQ holdings make up about 53% of the ETF: AAPL (around 9%), NVDA and MSFT (8%), AMZN (5.6%), GOOGL, META and AVGO (5%), TSLA (4.6%), COST (3%) and NFLX (2.4%). The QQQs broke out to ATHs on November 6, pulled back, and then took off on November 18, rising almost 7% in 17 days and almost 5% in the past nine days as the slope of the advance steepened. AAPL broke out to ATHs on November 29, and it has been straight up since then. AMZN hit an ATH in early November, pulled back, and really started to spike on November 25. META reached an ATH back in September and has caught fire since the end of November. TSLA reached an ATH this week after a wild base that started back in November 2021. GOOGL jumped to a new high on Wednesday with massive volume. COST has been in ATH territory since early November, while NFLX has been at new highs over the past two months. NVDA hit new highs in recent months, but has pulled back. AVGO is very close to new highs. (Mark Arbeter, CMT)

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

Amer Sports manages a diverse portfolio of 10 outdoor and action sports brands that collectively generated revenue of $4.4 billion in 2023. Although primarily owned by the Chinese conglomerate Anta Sports, Amer operates with a degree of autonomy. In its rapidly expanding China business, the company is subject to closer oversight, but it manages its operations outside of China with relative independence. In 2023, the firm generates 40% of its revenue from the Americas, 33% from Europe, the Middle East, and Africa, 19% from China, and 7% from Asia-Pacific, excluding China.

Booking is the world’s largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.