TOPLEY’S TOP 10 April 30 2024

1. Tesla +35% in 5 Days….Retail Investors Bought $15B this Year

The retail crowd bought the dip in Tesla this year in a big way.
Retail investors bought a net $15.2 billion of Tesla this year through Dec. 16, according to Vanda Research data.
That’s a record for Tesla, the firm said, well ahead of the $5.6 billion of net buying over 2020 and 2021 combined.
Tesla dethroned Apple as the most-purchased stock by retail investors this year.
Investors betting against Tesla had a lucrative 2022. Investors shorting the stock are sitting on a collective $15 billion of gains this year, according to S3 Partners. Shares of Elon Musk’s electric vehicle-maker are down about 60% this year.
WSJ By Jack Pitcher

https://www.wsj.com/livecoverage/stock-market-news-today-12-21-2022/card/retail-investors-bought-more-tesla-than-ever-this-year-mMHQNpikCWBq4e3QELJm

2. How Big Data Centers Are Slowing the Shift to Clean Energy: 70% of Global Internet Traffic Passes Thru Virginia Data Center Alley

WSJ

The cutting edge of technology is driving the power grid back to the 19th century.

An explosion of so-called hyperscale data centers in places such as Northern Virginia has upended plans by electric utilities to cut the use of fossil fuels. In some areas, that means burning coal for longer than planned.
These giant data centers will provide computing power needed for artificial intelligence. They are setting off a four-way battle among electric utilities trying to keep the lights on, tech companies that like to tout their climate credentials, consumers angry at rising electricity prices and regulators overseeing investments in the grid and trying to turn it green.

Ground zero for the fight is Northern Virginia’s “Data Center Alley.” About 70% of global internet traffic passes through the area’s data centers. A spider web of power lines connecting data centers to the grid crisscross neighborhoods and parks. More are coming.

https://www.wsj.com/business/energy-oil/how-big-data-centers-are-slowing-the-shift-to-clean-energy-44ef4145?mod=itp_wsj

Precedence Research

https://www.precedenceresearch.com/hyperscale-data-center-market

3. China Large Cap Outperforming U.S. in 2024…FXI 12.35% vs. S&P 7.81%

4. Nike Holding Above 2022 Sell-Off Lows

5. Dominos Pizza New Highs

50 week thru 200 week on long-term chart

6. Venture Capital Valuations Still Above 2019 Levels

Cambridge Associates

2024 Outlook: Private Equity & Venture Capital

7. 800 ETFs Have Closes Since 2020

Bloomberg Katie Greifeld
Top-Heavy The nearly $9 trillion US ETF industry is famously top-heavy, with BlackRock Inc. and Vanguard Group accounting for about 60% of US assets. A similar dynamic is unfolding in the booming active ETF market.
Morningstar Inc. published a report this week that showed that 74% of the nearly $630 billion in US active ETFs is controlled by the top 10 issuers in a field of about 320 firms. In fact, Dimensional Fund Advisors and JPMorgan Asset Management are responsible for about 36% of total active ETF assets alone, data compiled by Bloomberg show.