There's still a glimmer of hope for stocks, but only a glimmer. All of the major market indices are at or near a major technical floor, with no apparent interest in moving away from that danger. And yet, traders don't seem scared enough yet to say a bottom has already been put in. It's all readily evident on the daily...
By Lizzy Gurdus, CNBC Tesla's Battery Day was highly anticipated but was disappointing to many. Deutsche Bank Research, however, upgraded Tesla's stock on Wednesday to a buy on what it saw as a significant technological lead versus other automakers. On the other hand, Baird named the stock a "bearish fresh pick" on a "lack of upcoming catalysts." Then there were...
– Apple stock is rebounding from the recent low. From peak to trough, the shares are down 25%. Here's how the charts set up now. – By Bret Kenwell, TheStreet.com Apple (AAPL) has been in focus in recent trading, as the shares have been faltering. In fact, most of big tech has been in focus as Amazon (AMZN), Alphabet (GOOGL)...
By Bret Kenwell, TheStreet.com Facebook (FB) shares have been struggling as social media stocks remain in focus with the TikTok news. On the surface, the risk for Oracle (ORCL), Walmart (WMT) and TikTok is that TikTok gets banned in the U.S. This weekend, new downloads of TikTok may be banned, while a banning of the platform is still on the...
By Lizzy Gurdus, CNBC Fast-food stocks are having their ups and downs. Domino's Pizza was a bright spot on a difficult day for the overall market Thursday after Oppenheimer named the stock its top pick following a meeting with the fast-food operator's CEO. The firm said current forecasts underestimate Domino's same-store sales growth through 2021 and flagged what it said...
The bulls gave it a good go, but the rebound effort that took shape early last week petered out pretty quickly… right where resistance could have been expected. This time though, the bulls didn't stand up to the selling. All the technical floors that were in place this time this week failed to do the job. It was a modest...
The bulls gave it a good go, but the rebound effort that took shape early last week petered out pretty quickly… right where resistance could have been expected. This time though, the bulls didn't stand up to the selling. All the technical floors that were in place this time this week failed to do the job. It was a modest...
By Jacob Sonenshine, TheStreet.com Most stocks rose considerably Wednesday after the Federal Reserve confirmed its incredibly accommodative monetary policy and issued a positive economic outlook. Tech stocks plummeted, dragging the major indices down. The S&P 500 fell 0.46%, a deceiving move because it was brought down by the few tech stocks worth trillions of dollars. The Nasdaq, many components of...
By Tyler Bailey, CNBC Options traders are positioning themselves for big gains in Walmart after the company launched its subscription shopping service Walmart+ on Tuesday. The company has said that the service isn't designed to go head-to-head with Amazon's Prime service, but at $98 per year, compared with Prime's $119 price tag, it may not have to. After sustained –...
– The direction of the December Comex gold futures contract on Friday is likely to be determined by trader reaction to $1954.80 – By James Hyerczyk, FX Empire Gold futures are trading lower on Friday as safe haven demand continued to support the U.S. Dollar Index as traders took precautions ahead of the weekend due to heightened volatility in the...
