Market Highlights: HIMS Plunges, BRK.B Hoards Cash, IWM Breaks Out, HOOD Forms Death Cross
This week’s market action shows extreme contrasts across sectors.
$HIMS faces historic losses after nearly 50% decline, while Berkshire Hathaway ($BRK.B$) sits on record cash reserves. Small caps ($IWM$) are outperforming the Nasdaq ($QQQ$) for the first time in over nine years, and Robinhood ($HOOD$) signals caution with a Death Cross formation.
Here’s a closer look at these key developments.
1. $Hims & Hers Health Inc.(HIMS)$
Hims & Hers Health $HIMS has now traded red in 14 of the last 15 days and lost almost 50% in value, its worst period in history 🚨🚨
2. $Berkshire Hathaway(BRK.B)$
Warren Buffett's Berkshire Hathaway is now sitting on an all-time high $382 Billion in Cash, enough to buy 480 companies in the S&P 500 🚨🚨
3. $iShares Russell 2000 ETF(IWM)$
Small Cap Stocks $IWM breaking out against the Nasdaq $Invesco QQQ(QQQ)$ for the first time in more than 9 years 📈📈
4. $Robinhood(HOOD)$
Robinhood $HOOD forms a Death Cross ☠️ for the first time since October 2023 🚨 The last one sent shares falling 13% over the next 3 weeks before a Golden Cross sent them soaring to the promised land 📈📈
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