By Keris Lahiff, CNBC Emerging markets have been underperforming the S&P 500 this year, but Oppenheimer's Ari Wald sees a bullish development that stretches back to 2007. "The key point to our view here is that equity markets are broadening on a global scale," Oppenheimer's head of technical analysis told CNBC's "Trading Nation" on Monday. "We have the U.S. still...
— Stitch Fix is rallying on earnings but there are some concerns on the chart that need to be resolved. Here's what to watch now. — By Bret Kenwell, TheStreet.com Stitch Fix (SFIX) is enjoying its day in the sun, up 12% on Tuesday after reporting earnings. While shares are off the session high, Stitch Fix stock is set for...
Another week, another win. As was the case with the previous week's gain, however, last week's advance was minimal. Maybe it's the summer lull. Maybe traders are simply unconvinced that companies justify higher prices with their current valuations. Maybe it's a little both. Either way, last week's small win was bigger than the S&P 500's 0.6% gain would imply. That's...
Another week, another win. As was the case with the previous week's gain, however, last week's advance was minimal. Maybe it's the summer lull. Maybe traders are simply unconvinced that companies justify higher prices with their current valuations. Maybe it's a little both. Either way, last week's small win was bigger than the S&P 500's 0.6% gain would imply. That's...
Do you think quadruple-digit winners are just fish tales from traders looking for a bit of an ego boost? Admittedly, such trades are few and far between. They're not impossible though. We know it, because we just made one. You can find these setups too. Not all of them will do this well. Indeed, most of them won't even come...
Do you think quadruple-digit winners are just fish tales from traders looking for a bit of an ego boost? Admittedly, such trades are few and far between. They're not impossible though. We know it, because we just made one. You can find these setups too. Not all of them will do this well. Indeed, most of them won't even come...
By Keris Lahiff, CNBC Tesla is under pressure again this week, but TradingAnalysis.com founder Todd Gordon says that spells opportunity for savvy investors to build out a position. Speaking with CNBC's "Trading Nation" on Thursday, he said the long-term prospects for Tesla look strong and he predicted that CEO Elon Musk's electric vehicle maker will marry with his space exploration...
By Keris Lahiff, CNBC Oil's rally is hitting the gas. West Texas Intermediate gained another 1% on Wednesday, pushing it well above $68 a barrel, after OPEC+ doubled down on its decision to ease supply restrictions through July to keep up with demand. As WTI crude traded at its highest level since October 2018, energy stocks rallied alongside it. The...
— Shares of Etsy are rallying toward one-month highs after its $1.63 billion purchase of Depop. How long can the rally last? — By Bret Kenwell, TheStreet.com Etsy (ETSY) stock is ripping higher on Wednesday, up almost 8% on the day. The rally comes amid a mixed day in the market, while meme stocks like AMC Entertainment (AMC) surge. So...
It was a less-than-thrilling effort, but stocks tacked on enough gains last week to get then over key technical humps that were a bit problematic a week earlier. Still, they were losing steam all the way up, logging closes closer to the lower ends of the daily ranges than the higher ends. Part of that can be chalked up to...
