Zynex $ZYXI Reports Second Quarter 2024 Financial Results
Key Highlights
- Revenue Increased 11% to $49.9 Million
- Orders increased 20% year-over-year
- Year-to-date cash flow from operations of $3.2 million, a 20% year-over-year increase.
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Stock Markets Are Driven By Human Emotions 📈📉
"If you can detach yourself temperamentally from the crowd in the stock market, you get very rich and you won't have to be very bright. It doesn't take brains, it takes temperament." - Warren Buffett
Elon sees $TSLA unsupervised FSD for robotaxi rides by maybe end of this year. Shocked if not by next year.
Did acknowledge that he's usually too optimistic on timelines for large debuts.
The countries that are sitting out today’s stockmarket boom offer cautionary tales about the consequences of adverse politics and disruptions to trade https://t.co/RS6Xy21USS 👇
The S&P 500 just fell 60+ points in under an hour to its lowest level since July 5th.
Meanwhile, the volatility index, $VIX, is now up to its highest level since April 2024.
The $VIX is up nearly 30% in July 2024 but still well below the highs seen in April.
Volatility is back.
We just witnessed history:
It has now been 352 trading days without a 2% down day in the S&P 500, the longest stretch in 14 years.
This is also the 10th longest streak in the history of the stock market.
With the election and Fed in the spotlight, we have seen multiple daily drops of 1%+ over the last couple of weeks.
Periods of low volatility are almost always followed by periods of high volatility.
The current period of low volatility is coming to an end.
Large-cap stocks are MASSIVE:
Large-cap growth compared to small-cap value stocks just hit their highest level since the Dot-com bubble.
The ratio between large-cap growth relative to small-cap value has spiked to ~1.7x, up from 1.1x in 2022.
This is even higher than levels seen prior to the 2020 Pandemic of 1.6x.
Since 2023, large-cap growth stocks are up 97% compares to an 18% gain in small-cap value stocks.
Big companies continue to get bigger.