The market's been playing with fire for weeks. It finally got burned. The S&P 500 tumbled 3.3% last week, marking the worst weeks for stocks since October. And yet, even with the setback the rally's not broken. Dented and bent? Yes, but not broken. The sellers didn't drive the indices all the way under the very first of their technical...
The market's been playing with fire for weeks. It finally got burned. The S&P 500 tumbled 3.3% last week, marking the worst weeks for stocks since October. And yet, even with the setback the rally's not broken. Dented and bent? Yes, but not broken. The sellers didn't drive the indices all the way under the very first of their technical...
– Tesla is pulling back after the company missed on earnings. Will the decline be short-lived? Let's look at the charts. – By Bret Kenwell, TheStreet.com Tesla (TSLA) shares weren't exactly collapsing the way the bears would have hoped, down less than 3% on Thursday after reporting earnings. However, the stock was showing some vulnerability after such a stellar run....
By Kat Facchini, CNBC GameStop won't stop. The stock added another 135% on Wednesday, bringing its total monthly gains to more than 400%. Its rise has been credited to the Reddit community WallStreetBets driving a short squeeze whereby short investors had to cover their positions. Tesla CEO Elon Musk even gave the move a shoutout, tweeting "Gamestonk!!" and linking to...
By Stephanie Landsman, CNBC All-star investor Rich Bernstein: Speculators are 'playing with fire' Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naivete...
Stocks shrugged off the week-before weakness to hit record highs (again) last week. But, no sooner did stocks reach a new record on Tuesday before petering out on Wednesday. Another round of stimulus checks is probably in the works, and the President's inauguration when off without a hitch. But, that's not new nor surprising. The buyers are running out of...
Stocks shrugged off the week-before weakness to hit record highs (again) last week. But, no sooner did stocks reach a new record on Tuesday before petering out on Wednesday. Another round of stimulus checks is probably in the works, and the President's inauguration when off without a hitch. But, that's not new nor surprising. The buyers are running out of...
– Procter & Gamble is dipping after reporting earnings. Is it a buying opportunity? Let's see where support comes into play. – By Bret Kenwell, TheStreet.com Procter & Gamble (PG) shares tried to rally in premarket trading Wednesday after the company reported earnings. However, the gains were just too hard to come by for the stock, with the shares down...
Alibaba shares are hitting one-month highs as founder Jack Ma finally resurfaces. Let's look at the charts to see the trade. By Bret Kenwell, TheStreet.com Alibaba (BABA) shares were hitting one-month highs, rising about 5.5% in Wednesday's trading session. What's driving the rally? Co-founder Jack Ma has made a public appearance in China after being off the radar for several...
By Lizzy Gurdus, CNBC Fast food, big potential? With Goldman Sachs issuing bullish calls in the fast-food and restaurant space on Tuesday, two traders assessed whether the firm's picks could continue to deliver gains in the year ahead. Goldman analysts named the stock of Chipotle Mexican Grill as their top pick in the space for 2021, also assigning buy ratings...
