By Keris Lahiff, CNBC One winner in the retail space has quietly been making new highs after rallying more than 260% over the past 12 months. Crocs, the footwear brand, has roared higher on the back of robust demand. That stock added another 10% on Thursday after reporting quarterly revenue nearly double from a year ago and forecasting another 60%...
— AMD stock continues to consolidate even as bulls look for an upside breakout. Let's look at the technicals to get a better sense of the setup — By Bret Kenwell, TheStreet.com Are semiconductor stocks a buy now? Nvidia (NVDA) and Advanced Micro Devices (AMD) have been rallying after a quick pullback last week. Of course, the rest of the...
Pushing past the mostly-bearish volatility from May, the market – led by the FANG stocks – logged a pretty impressive June. July hasn't been too shabby either, even with recent stumbles. There's one alarming exception to this norm, however. Already lagging its peers as well as the broad market, a disappointing earnings report from Netflix after Tuesday's close pulled the...
Pushing past the mostly-bearish volatility from May, the market – led by the FANG stocks – logged a pretty impressive June. July hasn't been too shabby either, even with recent stumbles. There's one alarming exception to this norm, however. Already lagging its peers as well as the broad market, a disappointing earnings report from Netflix after Tuesday's close pulled the...
– This week's volatility has better defined some key technical ceiling and floors, giving traders plenty to watch the rest of this week. – Monday's huge plunge from the S&P 500 clearly wasn't fun for the bulls, but in many regards it was a necessary evil. That day's low of 4233.13 confirmed the 50-day moving average line (purple) is serving...
– This week's volatility has better defined some key technical ceiling and floors, giving traders plenty to watch the rest of this week. – Monday's huge plunge from the S&P 500 clearly wasn't fun for the bulls, but in many regards it was a necessary evil. That day's low of 4233.13 confirmed the 50-day moving average line (purple) is serving...
By Ernestine Siu, CNBC Crude oil held below $70, a key psychological level, on Tuesday. The oil market bore the brunt of a major sell-off on Wall Street to begin the week with the spread of the Covid delta variant raising fears of a slowdown in the economic recovery. OPEC and its allies over the weekend also reached a deal...
We all innately knew the market was playing with fire, so to speak, by virtue of an incredible rally that's been underway since March of last year. The S&P 500 fell 1.0% last week, snapping a three-week winning streak. Don't sweat or fret just yet though. Even with last week's stumble all the major indices remain well above critical technical...
We all innately knew the market was playing with fire, so to speak, by virtue of an incredible rally that's been underway since March of last year. The S&P 500 fell 1.0% last week, snapping a three-week winning streak. Don't sweat or fret just yet though. Even with last week's stumble all the major indices remain well above critical technical...
By Keris Lahiff, CNBC Payment stocks got their due this week. Mizuho on Thursday restated its buy rating for Square, likening the stock to JPMorgan in the 1870s – a once-in-a-lifetime opportunity to get in at the start. Rivals Mastercard and Visa were in the spotlight at Evercore. The firm bet that the return to global travel will be a...
