Stocks lost ground last week, bringing a raucous two-week surge to an end. But, even with the slight setback, a lack of a major selloff is a mini-victory in itself. The indices remain within striking distance of another advance, and managed to close above some key technical resistance as well. Best of all, sentiment measures suggest traders are… at least...
Wednesday's recovery notwithstanding, the recent slowdown isn't just "a little break" before the advance resumes. A lot of people are throwing in the towel on a lot of stocks, suggesting they're not sticking around en masse for the next wave of bullishness… because it might not take shape anytime soon. We're being led to this conclusion by the market's breadth...
Wednesday's recovery notwithstanding, the recent slowdown isn't just "a little break" before the advance resumes. A lot of people are throwing in the towel on a lot of stocks, suggesting they're not sticking around en masse for the next wave of bullishness… because it might not take shape anytime soon. We're being led to this conclusion by the market's breadth...
– We have not seen intraday action this narrow since the market correction began in February, and here's what that means. – By James "Rev Shark" Deporre, TheStreet Positive responses to earnings from Snap (SNAP) , Chipotle Mexican Grill (CMG) and Texas Instruments (TXN) provided a convenient reason to put some cash to work on Wednesday. The Covid-19 data continues...
The past three weeks have been filled with intense drama, incredible highs and lows, political battles that continue to this day, and millions of questions from people throughout the world. Throughout this COVID-19 virus event and the collapse of the US and global markets, one continued belief has prevailed – the US Fed will attempt to rescue the global markets...
The past three weeks have been filled with intense drama, incredible highs and lows, political battles that continue to this day, and millions of questions from people throughout the world. Throughout this COVID-19 virus event and the collapse of the US and global markets, one continued belief has prevailed – the US Fed will attempt to rescue the global markets...
Another week, another win. Last week's gains weren't as big as the prior week's record-breaker, but all in all the 3.0% advance was solid even if a bit flawed. We cleared some key hurdles, and are knocking on the door of others. Though still ugly, there's a light starting to shine at the end of the coronavirus tunnel. We'll weigh...
Another week, another win. Last week's gains weren't as big as the prior week's record-breaker, but all in all the 3.0% advance was solid even if a bit flawed. We cleared some key hurdles, and are knocking on the door of others. Though still ugly, there's a light starting to shine at the end of the coronavirus tunnel. We'll weigh...
By Bret Kenwell, TheStreet.com Netflix (NFLX) – Get Report continues its blistering run, with shares rallying 5.3% at one point Thursday and hitting a new all-time high of $449.52. It’s not the only FAANG stock with momentum, with Amazon.com (AMZN) – Get Report also hitting a record high on Thursday, although Netflix remains the best-performing stock of the group this year. Driving...
By Keris Lahiff, CNBC Airline stocks were in focus Wednesday morning on the promise of federal relief to help stem the damage from the coronavirus. Delta, American Airlines, JetBlue and Southwest were among the companies who said they had reached a deal to secure a slice of the $25 billion package from the Treasury Department. Bill Baruch, president of Blue...
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