Uranium and Blackchain stocks sparkle on US Markets

Friday's sectors performance favoured the Bull stocks ex Healthcare. Basic Materials performed strongly for the fifth consecutive day - they had underperformed over the last month.

Healthcare, a highly cyclical sector that performs best in Bull Markets, was oscillating daily between best and worst sector but has been strong now for the last two weeks so it was surprising to see in underperform the wider Market on Friday. Note that between Nov23 and Feb24 the sector was +c50%, all of these gains reversed between Feb and June. If the Markets remains benign this sector has historically been a strong performer as it is comprised of a large number of Small and Micro stocks. US Micro stocks have underperformed Large cap by 33% over the last year.

On a one day basis Uranium +10.5% (UROY +14.5%, DNN +14%, UEC +13.1%, EU +11.8%, URG +11.5%, LGO +10.7%, UUUU +6.7%, CCJ +5.6%), Blockchain / Crypto +7.2% (DGHI +16%, HIVE +14.9%, FTFT +13.1%, ARBK +12.0%, BTCM +11.7% APLD +11.3%, MARA +10.9%, SDIG +10.6%, HUT +8.9%), Aluminum +5.5% (CENX +7.7%, TG +6.6%, KALU +4.9%, AA +4.3%) and Renewable Energy Equip +5.3% (STEM +22.2%, NOVA +15.9%, SEDG +14.9%, CSIQ +9.8%BLDP +8.2% and AMRC +7.7%) were the big Industry movers on Friday.

A notable number of 52 week highs in pretty much all of the sectors, Basic Materials (Gold and non-Gold precious Metals), Financials (across the sector), Consumer non-Cyclicals (Food Processing, Non-Alcoholic Beverages), Consumer Cyclicals (Hotels & Entertaining, Media, Homebuilding and Specialty Retailers), Financials (across the sector), Healthcare (across the sector), Industrials (Personal & Commerical Services & Aerospace), Real Estate (Residential and Commercial REITs), Technology (Software and Technology Equipment) and Utilities (Electric & IPPs and Multiline).

Notable high volume in Consumer Cyclicals (across the sector), Financials (Banking Services), Healthcare (Biotech and Pharma), Technology (Software and Online Services), Industrials (all ex Transport).