That may come from some big names out later, including Netflix, whose shares have soared 6,000% over 10 years. Netflix is a classic example of a growth stock – offering above-average returns, but with the potential of higher risk for investors.
They offer up a second chart, which shows how the S&P 500 Pure Growth Index -- compiled of those types of companies -- tends to “go nowhere fast” once the Institute for Supply Management’s survey of purchasing managers dips below 50. That key data point is right at 50 currently. Click on any ticker to see that company’s beta. The market has a beta of 1 and a stock with a higher beta has been more volatile than the market.The market Dow YMU19, +0.06% S&P ESU19, +0.06% and Nasdaq NQU19, +0.14% futures are trading pretty steady after stocks slipped Tuesday.Europe stocks SXXP, +0.03% are steady and Asia ADOW, -0.35% was mostly weaker.
The buzz A small but chunky group of companies will report Wednesday, kicking off with Bank of America BAC, -0.79% and healthcare group Abbott Labs ABT, -0.78% ahead of the open. Streaming giant Netflix NFLX, -0.17% , online marketplace eBay EBAY, -0.87% and IT firm IBM IBM, +0.15% are due after the close.
Tesla TSLA, -0.44% CEO Elon Musk says his neuroscience startup Neuralink announced big advances towards a therapeutic device to link human brains and machines. Meanwhile, here he is on Twitter insisting his electric cars will appreciate in value over time.