The bears had ample opportunity to up-end the rally last week. They just didn't take it… a sign that the fear of missing out (or FOMO) is overwhelmingly high right now compared to fear of a stumble. And, that's bullish… right up until the time it isn't. Then it's disastrous. There's the rub. You should follow the trend. When the...
— Broadcom stock is inching higher on the earnings report but is still working through a spike in volatility. — By Bret Kenwell, TheStreet.com Many investors over the years have seemed to feel comfortable ignoring Broadcom (AVGO). Despite Broadcom's strong cash flows and hefty yield, investors have refused to bid the shares high enough to warrant a premium valuation vs....
— Warren Buffett's Berkshire Hathaway has been trading well this month. Can it keep up the momentum? — By Bret Kenwell, TheStreet.com Warren Buffett may not be looking to cash in on the surge we're seeing in AI stocks, but Berkshire Hathaway (BRK.A) (BRK.B) shares have been trading well in the past month. While the stock is flat over the...
For a while last week it looked like the market might slip back into trouble, largely on fears of debt-ceiling gridlock in Washington DC. The partisan haggling actually ended up making encouraging progress on Friday though, prompting traders to step back in. While the win itself was relatively modest, it was important all the same. With that one big move,...
For a while last week it looked like the market might slip back into trouble, largely on fears of debt-ceiling gridlock in Washington DC. The partisan haggling actually ended up making encouraging progress on Friday though, prompting traders to step back in. While the win itself was relatively modest, it was important all the same. With that one big move,...
— Apple stock is up more than 30% in 2023. Now, two buy-the-dip setups are in play, and one deserves close attention. — By Bret Kenwell, TheStreet.com Apple (AAPL) has been one of the leaders of this year's stock market rally. Coming into this week, the Cupertino, Calif., tech giant's shares were up in seven of the past 10 weeks....
— A week ago, PepsiCo stock was hitting all-time highs. Now it's teetering on key support. Here's the trade setup now. — By Bret Kenwell, TheStreet.com PepsiCo (PEP) has quietly enjoyed a nice upside ride in 2023. As of last Monday's high, shares were up almost 18% from the 2023 low and were up about 9% year to date. At...
It took some work and an uncomfortable amount of time. But, the bulls finally did it! The S&P 500 joined the NASDAQ Composite in its technical breakout. Now that this feat is complete stocks should have a much easier time moving forward. That's not a guarantee, of course. In fact, there's still room and reason for the market to take...
It took some work and an uncomfortable amount of time. But, the bulls finally did it! The S&P 500 joined the NASDAQ Composite in its technical breakout. Now that this feat is complete stocks should have a much easier time moving forward. That's not a guarantee, of course. In fact, there's still room and reason for the market to take...
— Foot Locker reported disappointing earnings and now the stock is paying the price. Will buyers step up as the shares near key support? — By Bret Kenwell, TheStreet.com Foot Locker (FL) stock is getting hammered on Friday, down 27% at last glance. The slump comes after the athletic-apparel chain reported its first-quarter results. The company missed analysts' expectations and...
