Upstart Crushes Wall Street Expectations, Bucks the Trend
UPSTUpstart(UPST) ZACKS·2024-08-08 06:25

A helpful metaphor for amateur investors to think of related to the market environment is that the major stock indices are the current, and individual stocks are fish within that current. In other words, most stocks will trend upwards in an up market, and in a down market, most stocks will succumb to the market’s weakness. Historical data tells us that roughly 75% of a stock’s move can be attributed to the underlying market trend in the major indices such as the S&P 500 Index ETF ((SPY) ), Dow Jones Industr ...