— Bank of America is falling despite beating earnings and revenue expectations. Here's the level it has to hold now. — By Bret Kenwell, TheStreet.com The earnings have continued to roll in, with Bank of America (BAC) and Citigroup (C) stepping up to the plate Thursday. The reports followed the start of earnings season from Wednesday, when Wells Fargo (WFC),...
By Lizzy Gurdus, CNBC Facebook or Snap? This week analyst's from Wedbush breathed new life into the rivalry, downgrading Facebook on concerns around Apple's new privacy measures and upgrading Snap with a nod to its innovative platform and younger customer base. Two market analysts would take the other side of the trade, they told CNBC's "Trading Nation" on Wednesday. "I...
How does the old saying go? Two heads are better than one? It's not always true, but the point is well taken. Sometimes one person sees something another person may not see, and as such, capable of steering the duo away from trouble or perhaps into an unnoticed opportunity. The idea applies to trading too… in a sense. While most...
How does the old saying go? Two heads are better than one? It's not always true, but the point is well taken. Sometimes one person sees something another person may not see, and as such, capable of steering the duo away from trouble or perhaps into an unnoticed opportunity. The idea applies to trading too… in a sense. While most...
By Keris Lahiff, CNBC The S&P 500 kicked off Monday close to record highs set last week. The stocks that led the benchmark index higher in recent days were a diverse bunch – Norwegian Cruise Lines, Twitter, PayPal and Tapestry were among the biggest gainers in the past week. Danielle Shay, director of options at Simpler Trading, splits those four...
— Other FAANG stocks are hitting new highs. Is Apple about to as well? Shares are moving over last month's high, a good sign for buyers — By Bret Kenwell, TheStreet.com Apple (AAPL) was moving nicely on Friday, up about 0.5% as investors bought the quick morning dip. How it closes will be a different story, but for now the...
Against the odds, stocks logged a win last week… a pretty good one, in fact. The S&P 500 closed 2.7% above its close from the prior Friday, while the NASDAQ Composite ended the five-day stretch with a 3.1% gain. Even the Dow plugged into the rally, with the blue chip index making a weekly gain of 1.9% to end Friday's...
Against the odds, stocks logged a win last week… a pretty good one, in fact. The S&P 500 closed 2.7% above its close from the prior Friday, while the NASDAQ Composite ended the five-day stretch with a 3.1% gain. Even the Dow plugged into the rally, with the blue chip index making a weekly gain of 1.9% to end Friday's...
— Ethereum continues to trade well, consolidating its recent gains above prior resistance. Here's why the charts suggest more upside — By Bret Kenwell, TheStreet.com Ethereum, Bitcoin and other cryptocurrencies continue to trade well, with most up massively on the year. In fact, many are fresh off new all-time highs or are just below those highs made earlier this year....
By late-October, a long period of bullishness led by large cap growth stocks we starting to fade… sort of. More specifically, mid caps and then small caps were taking the lead, at the expense of large caps. That divergence held through last month, and the early March bullishness appeared to widen it. Then everything changed. In the latter half of...
