The market continues to defy the odds, and the calendar. While it got off to a rough start last week, it finished strong, logging a record-high and record-high close on Friday. Traders just can't get enough, seeing the disappointing jobs report as a reason not to fear inflation, or rising interest rates meant to curb inflation. Maybe these buyers are...
By Bret Kenwell, TheStreet.com Fastly (FSLY) was getting decimated, down more than 20% on the day, after reporting first-quarter earnings. Anyone who has followed this stock from its pre-coronavirus days – like me – knows it's been a volatile ride. That being said, the market was taken off-guard by the company's quarterly update. The company reported in-line revenue and missed...
It could have been worse. While the S&P 500 ended Tuesday's trading down 0.67%, at one point during the day it was as much as 1.5%. The intraday reversal offers a glimmer of hope that the market may be ready to hammer out a bigger rebound. The bearish gap left behind at the open only bolsters the argument for a...
It could have been worse. While the S&P 500 ended Tuesday's trading down 0.67%, at one point during the day it was as much as 1.5%. The intraday reversal offers a glimmer of hope that the market may be ready to hammer out a bigger rebound. The bearish gap left behind at the open only bolsters the argument for a...
By Lizzy Gurdus, CNBC In volatile markets, charts can help cut through the noise. With stocks starting May on a choppy note, two technical traders took to CNBC's "Trading Nation" on Monday to highlight the names best positioned to advance this month based on their charts. Katie Stockton, founder and managing partner of Fairlead Strategies, found a lot to like...
By Ernestine Siu, CNBC Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month's worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC's "Trading Nation," Craig Johnson, senior technical research analyst at Piper...
If you're reading this then you've likely heard the "sell in May and go away" cliche, warning investors that nothing good happens on Wall Street for the next few months. Indeed, things could be altogether bad. And truth be told, there's some actual mathematical evidence to suggest that traders could safely pack it in through mid-September and be none the...
If you're reading this then you've likely heard the "sell in May and go away" cliche, warning investors that nothing good happens on Wall Street for the next few months. Indeed, things could be altogether bad. And truth be told, there's some actual mathematical evidence to suggest that traders could safely pack it in through mid-September and be none the...
The market may have ended the week on a somewhat sour note. But, consider the circumstances. The S&P 500 hit a record high on Thursday, as did the NASDAQ Composite. On the other hand, this is the second week in a row the NASDAQ failed to make any net gains, and the S&P 500 isn't faring a whole lot better....
The market may have ended the week on a somewhat sour note. But, consider the circumstances. The S&P 500 hit a record high on Thursday, as did the NASDAQ Composite. On the other hand, this is the second week in a row the NASDAQ failed to make any net gains, and the S&P 500 isn't faring a whole lot better....
