If you're reading this, then you likely know oil prices have skyrocketed since bottoming out in early 2020. From under $70 per barrel then (futures, not spot prices) to well in excess of $100 per barrel now, the rise in crude oil prices has resulted in some serious pain at the pump… even if it's easing now. Blame the COVID-19...
If you're reading this, then you likely know oil prices have skyrocketed since bottoming out in early 2020. From under $70 per barrel then (futures, not spot prices) to well in excess of $100 per barrel now, the rise in crude oil prices has resulted in some serious pain at the pump… even if it's easing now. Blame the COVID-19...
— Solar stocks are energy stocks, too, and this group has been on fire. Here's the trade on First Solar. — By Bret Kenwell, TheStreet.com First Solar (FSLR) is leading the charge for solar stocks, hitting 52-week highs on the day. Think about that for a minute. While the overall market has reversed hard and is now down notably on...
The bulls were holding on for the better part of last week, just looking to stay in position for a rebound. Friday's drubbing, however, made them lose their ever-weakening grip. Indeed, after Friday, the bulls have everything to prove. The sheer scope of the selloff suggests that's what was in the cards no matter what Fed Chairman Jerome Powell had...
The bulls were holding on for the better part of last week, just looking to stay in position for a rebound. Friday's drubbing, however, made them lose their ever-weakening grip. Indeed, after Friday, the bulls have everything to prove. The sheer scope of the selloff suggests that's what was in the cards no matter what Fed Chairman Jerome Powell had...
If you're a student of the market and keep close tabs on it on a daily basis, you likely know the last couple of trading days have been less-than-great ones. And, you probably know the rally leading into this weakness was stopped and reversed at established technical resistance. The fact that this is where the bulls threw in the towel...
If you're a student of the market and keep close tabs on it on a daily basis, you likely know the last couple of trading days have been less-than-great ones. And, you probably know the rally leading into this weakness was stopped and reversed at established technical resistance. The fact that this is where the bulls threw in the towel...
— Zoom Video stock is off on Aug. 23 after the provider of videoconferencing and other tech services missed sales expectations — By Bret Kenwell, TheStreet.com Zoom Video (ZM) on Tuesday has been trying to rally off the opening lows, but the shares of the provider of videoconferencing and other tech services at last check are down 14%. The stock...
— Deere stock missed on earnings, but grew profit by more than 17%. Here are the must-know levels to keep an eye on — By Bret Kenwell, TheStreet.com Shares of Deere (DE) at last check were off about 4% after the agricultural-equipment stalwart reported earnings. Despite a selloff in the overall market, the bulls are finding the positives in Deere's...
The four-week streak of gains finally came to a close last week, with the S&P 500 sliding 1.2% after making a multi-month high on Tuesday. And, given Friday's sharp selloff, we're starting the new trading week on the defensive. We're also moving into a time of year that's typically bearish anyway, with the disadvantage of a 17% runup from June's...
