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...
– Apple is starting to look better on the long side. Is it breaking out and does that make it a buy? Let's look at the chart. – By Bret Kenwell, TheStreet.com Apple (AAPL) has had a busy couple of weeks and its stock has struggled. The latest version of Its flagship device, the iPhone, was unveiled in October. Then...
Unfazed by election drama, traders plowed back into stocks last week, wiping away the previous week's huge loss with an even bigger gain. In fact, last week's 7.3% advance was the biggest weekly win for the S&P 500 since April, when stocks were first coming out of the coronavirus-inspired meltdown. The market's back within sight of record levels. Good luck...
Unfazed by election drama, traders plowed back into stocks last week, wiping away the previous week's huge loss with an even bigger gain. In fact, last week's 7.3% advance was the biggest weekly win for the S&P 500 since April, when stocks were first coming out of the coronavirus-inspired meltdown. The market's back within sight of record levels. Good luck...
– It's been a busy week for the bulls, as the S&P 500 works on its fifth straight weekly gain. Are stocks a buy after the election? – By Bret Kenwell, TheStreet.com What a week it has been in the stock market, given that the presidential vote count has dragged out for multiple days. If you're trading and made money...
By Lizzy Gurdus, CNBC It could be time to turn to trucking. As industrial stocks slowly pick up steam, up 6% since Monday and over 4% in the last month, they present an attractive alternative to this year's soaring technology trade, TradingAnalysis.com founder Todd Gordon told CNBC's "Trading Nation" on Thursday. "On a month-over-month basis, on a sector rotation model...
Stocks were overbought and ripe for a correction anyway. A lack of a stimulus and a resurgence of COVID-19 gave traders all the reason they needed to get one going. It may not be over yet either. Or, maybe it is. The last two months of the year are typically good ones, and the government has been rather responsive when...
Stocks were overbought and ripe for a correction anyway. A lack of a stimulus and a resurgence of COVID-19 gave traders all the reason they needed to get one going. It may not be over yet either. Or, maybe it is. The last two months of the year are typically good ones, and the government has been rather responsive when...
