After months of selling stemming from the advent of the pandemic, the U.S. dollar may be close to a recovery. The U.S. Dollar Index is back above all of its key moving average lines, and those lines themselves are have dished out some bullish crossovers (and others are about to do the same). We're also within reach of the first...
— While Apple has been trading quite well lately, it hasn't hit new highs like most its mega-cap tech peers. Can it join the party too? — By Bret Kenwell, TheStreet.com Despite the bumpy trading session on Wednesday, Apple (AAPL) stock was up about 1.4% on the day. The stock is hitting its highest level since January, when it made...
By Keris Lahiff, CNBC The Transportation Security Administration in the U.S. screened more than 10 million travelers over the July Fourth holiday weekend, but a different story is emerging overseas. Parts of Asia, Europe and Australia have new lockdowns and reimposed travel restrictions due to the fast-spreading delta variant of the coronavirus. This could impede the comeback for the travel...
A couple of times in the past couple of weeks we've pointed out how large cap growth stocks — mostly FANG stocks — have been unusually strong. That's fine, but not necessarily sustainable. We've been looking for a pullback for a while now, particularly given how the NASDAQ's daily volume and daily breadth has been leaning in a bearish direction....
A couple of times in the past couple of weeks we've pointed out how large cap growth stocks — mostly FANG stocks — have been unusually strong. That's fine, but not necessarily sustainable. We've been looking for a pullback for a while now, particularly given how the NASDAQ's daily volume and daily breadth has been leaning in a bearish direction....
Following through on the previous week's unlikely bullishness, the market logged another gain last week, moving deeper into record-high territory as a result. Better still, there remains plenty of room for more gains… in multiple ways. It's not a perfect scenario for the bulls though. We'll dissect what's going on below. First though, let's look at last week's biggest economic...
Following through on the previous week's unlikely bullishness, the market logged another gain last week, moving deeper into record-high territory as a result. Better still, there remains plenty of room for more gains… in multiple ways. It's not a perfect scenario for the bulls though. We'll dissect what's going on below. First though, let's look at last week's biggest economic...
By Keris Lahiff, CNBC Transports stocks are coming off their best first half since 1997. The Dow transports rallied 19% in the first six months of the year, though the bulk of those gains were made in the first quarter followed by a stretch of consolidation in the last few months. Matt Maley, chief market strategist at Miller Tabak, is...
— AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months? — By Bret Kenwell, TheStreet.com First it was Nvidia (NVDA) that enjoyed the big gains. It it now Advanced Micro Devices' (AMD) turn? Shares have risen about 3.5% on Tuesday as the stock is...
By Stephanie Landsman, CNBC Wilmington Trust's Meghan Shue is opening her playbook for the year's second half – which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. "We see the economic recovery continuing and being a tailwind for stocks," the firm's head of investment strategy told CNBC's "Trading Nation" on...
