– Roku continues to trade quite well after earnings and rumors of HBO Max coming to the platform. Let's look at the chart. – By Bret Kenwell, TheStreet.com Shares of Roku (ROKU) were hitting new all-time highs on Friday, up about 3% so far on the day. The momentum comes after the stock jumped more than 10% on Thursday. If...
Despite the strong start to last week's trading action, it wasn't meant to last. The market peeled back from Monday's move deeper into record high territory (at least as measured by daily closes), and ended the five-day span on a relatively low note. That's not necessarily on omen of doom. Stocks were pretty overbought from the week before, having rallied...
Despite the strong start to last week's trading action, it wasn't meant to last. The market peeled back from Monday's move deeper into record high territory (at least as measured by daily closes), and ended the five-day span on a relatively low note. That's not necessarily on omen of doom. Stocks were pretty overbought from the week before, having rallied...
– Amazon is entering the pharmacy-delivery space, and shares of Walgreens and CVS drop. Here's how to trade the drugstore chains now. – By Bret Kenwell, TheStreet.com Amazon (AMZN) is entering the pharmacy-delivery space, and the move sent a shudder through the industry. While Amazon is up 1% on the day, CVS Health (CVS), Walgreens (WBA) and Rite Aid (RAD)...
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...
