Nasdaq Composite Index (NASD.I) & BMO Equal Weight Banks Index ETF (ZEB.TO)

U.S. markets advanced with notable gains, particularly the Nasdaq Composite, which surged 6.15%. In this week’s edition of Equity Leaders Weekly, we examine the Nasdaq Composite Index (NASD.I) and its performance amidst recent volatility and shifting tech stock dynamics. We will analyze key support and resistance levels to assess the index’s outlook. Additionally, we’ll discuss the BMO Equal Weight Banks ETF (ZEB.TO) and its recovery from recent declines, focusing on its performance in light of evolving interest rate expectations and key resistance points.

STARBUCKS (SBUX) & CHIPOTLE MEXICAN GRILL (CMG)

Starbucks (SBUX) recently experienced a notable 24% surge in its stock price, rising from $77 to $95 per share, following the appointment of Brian Niccol as CEO. We will evaluate whether this increase is sustainable and how it compares to Chipotle Mexican Grill’s (CMG) continued strong performance, with shares climbing from $35 to $68 over the past 18 months.

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