They all continue to move fairly independently of one another, but individually and as a group, the FANG stocks are also still outpacing the broad market. The S&P 500 is up 43% from its mid-March low. The worst-performing FANG name for the same timeframe is Netflix (NFLX), but it's still up 52% for that stretch. Apple (AAPL) took the lead...
They all continue to move fairly independently of one another, but individually and as a group, the FANG stocks are also still outpacing the broad market. The S&P 500 is up 43% from its mid-March low. The worst-performing FANG name for the same timeframe is Netflix (NFLX), but it's still up 52% for that stretch. Apple (AAPL) took the lead...
By Keris Lahiff, CNBC Positive vaccine news this week has failed to give the health-care sector a lift. The XLV health care ETF, which holds Johnson & Johnson and UnitedHealth among its top components, is down 3% week to date. The S&P 500, by comparison, is roughly flat. The charts help to put the sector's underperformance into perspective, said Mark...
– Roku continues to trade quite well after earnings and rumors of HBO Max coming to the platform. Let's look at the chart. – By Bret Kenwell, TheStreet.com Shares of Roku (ROKU) were hitting new all-time highs on Friday, up about 3% so far on the day. The momentum comes after the stock jumped more than 10% on Thursday. If...
Despite the strong start to last week's trading action, it wasn't meant to last. The market peeled back from Monday's move deeper into record high territory (at least as measured by daily closes), and ended the five-day span on a relatively low note. That's not necessarily on omen of doom. Stocks were pretty overbought from the week before, having rallied...
Despite the strong start to last week's trading action, it wasn't meant to last. The market peeled back from Monday's move deeper into record high territory (at least as measured by daily closes), and ended the five-day span on a relatively low note. That's not necessarily on omen of doom. Stocks were pretty overbought from the week before, having rallied...
– Amazon is entering the pharmacy-delivery space, and shares of Walgreens and CVS drop. Here's how to trade the drugstore chains now. – By Bret Kenwell, TheStreet.com Amazon (AMZN) is entering the pharmacy-delivery space, and the move sent a shudder through the industry. While Amazon is up 1% on the day, CVS Health (CVS), Walgreens (WBA) and Rite Aid (RAD)...
Most of last week's 2.2% gain was made on Monday, when the world heard there's a COVID-19 vaccine that pretty much works. Though it will be months until it's available en masse, hope is enough for now. The market held its ground through Thursday, and when push came to shove as the closing bell approached on Friday, it was the...
Most of last week's 2.2% gain was made on Monday, when the world heard there's a COVID-19 vaccine that pretty much works. Though it will be months until it's available en masse, hope is enough for now. The market held its ground through Thursday, and when push came to shove as the closing bell approached on Friday, it was the...
By Keris Lahiff, CNBC Morgan Stanley is betting big on growth in the online space. The firm on Thursday named Facebook, Google parent Alphabet and Pinterest as three stocks that will benefit from a 20% increase in online advertising next year. Those stocks have underperformed this week, though, as investors dumped growth tech names in favor of value. As of...
