Historic stock rally faces key test
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- S&P 500 rallied nearly 20% over the past nine weeks, extending a nine‑day winning streak.
- Broadcom (AVGO) now has a market cap above $2 trillion, is up about 40% year‑to‑date, and posted an 88% gain over the past year, far outpacing the Mag‑7 ETF’s 29% rise.
- Broadcom traders anticipate an 8% earnings‑related price swing, with call volume outpacing puts roughly two‑to‑one and $400 million of $520 million options premium traded in calls.
- Crowdstrike (CRWD) carries a market cap near $200 billion, has more than doubled since March lows, and faces an implied 8% earnings move, steeper than its 4.6% median historical swing.
- Palo Alto Networks fell 6.5% after reporting earnings that beat analysts’ estimates on Tuesday.
Why it matters: Investors holding S&P 500 or the two stocks will confront an 8% earnings‑related price swing, a factor that will test the rally’s nine‑day streak and shift market momentum.
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