Wednesday's steep selloff was contained on Friday, even if not unwound. The market stopped the bleeding, and that was enough for the time being. Traders aren't going to sit on the fence for very long though, if they do so any longer at all. For better or worse, the bulls and/or the bears are going to have to show their...
Wednesday's steep selloff was contained on Friday, even if not unwound. The market stopped the bleeding, and that was enough for the time being. Traders aren't going to sit on the fence for very long though, if they do so any longer at all. For better or worse, the bulls and/or the bears are going to have to show their...
– Pinterest stock is ripping higher, rallying more than 40% at one point on better-than-expected earnings. Here's how to trade it now. – By Bret Kenwell, TheStreet.com First it was Snap (SNAP) with the explosive earnings rally. Now it's Pinterest's (PINS) turn in the spotlight. The graphics-focused social-media company's shares are up 28% on the day, after sporting gains as...
By Keris Lahiff, CNBC The Dow Jones Industrial Average have now entered a correction, falling more than 10% from its February peak. The blue-chip index has been hard hit this week as spiking Covid cases in the U.S. ignited fears over the economic recovery. The failure to get additional relief from Washington lawmakers to mitigate the economic damage has also...
By Stephanie Landsman, CNBC CFRA's Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks. But he believes any damage should be contained to November regardless of who wins the presidency. "Investors say 'okay, usually by then we know who the president is, now we can try to organize our portfolios and our mindsets for...
— Intel is getting hammered after reporting earnings. Should it be up? That's not our call. Let's look at the charts instead. — By Bret Kenwell, TheStreet.com Shares of Intel (INTC) were under pressure Friday, falling more than 11% after a disappointing third-quarter earnings report. Non-GAAP earnings were in-line with expectations, while revenue of $18.3 billion slightly edged out expectations...
By Lizzy Gurdus, CNBC Big Tech is coming up on a big week. A slew of large-cap tech giants including Apple, Microsoft, Alphabet, Facebook, Twitter, Amazon and others are gearing up to report earnings in the coming days. But with uncertainty abounding around the group's massive year-to-date stock gains and Congress' crackdown on some of its largest players, it may...
Stocks lost ground last week, as the previous week's action suggested would be the case. The market didn't break below the key floors that had to remain intact, however, keeping stocks in the hunt for a renewal of the rally that got rolling in late September. Traders seem to still be counting on a stimulus package coming through sooner or...
Stocks lost ground last week, as the previous week's action suggested would be the case. The market didn't break below the key floors that had to remain intact, however, keeping stocks in the hunt for a renewal of the rally that got rolling in late September. Traders seem to still be counting on a stimulus package coming through sooner or...
By Stephanie Landsman, CNBC Despite stimulus gridlock, election uncertainty and the coronavirus' path, the firm's chief investment strategist believes it's possible the S&P 500 will follow the positive historical trend. "There's a lot to worry about," she told CNBC's "Trading Nation" on Friday. "But I am cautiously optimistic." According to Bell, the S&P 500 typically sees an average gain of...
