In theory, the thinking seems sounds enough. People are disinterested and distracted during the summer. It sands to reason they're not doing much trading, driving stocks higher or lower. You may as well take the summer off as well, and wait until things turn active again in October. There's a problem with the whole "sell in May and go away...
The month of April may have been a winning one for the market. But, stocks didn't end the month on a high note the bulls were hoping for. While the indices logged bullishness on Thursday and Friday, that move wasn't enough to get any of them above the technical ceilings that were standing in the way just two weeks back....
The month of April may have been a winning one for the market. But, stocks didn't end the month on a high note the bulls were hoping for. While the indices logged bullishness on Thursday and Friday, that move wasn't enough to get any of them above the technical ceilings that were standing in the way just two weeks back....
— The best-performing FAANG stock of Q1 continues as its year-to-date gains hit 100%. Here's the trade. — By Bret Kenwell, TheStreet.com Shares of Meta (META) are having a field day on Thursday, up about 14% after the social-media giant reported better-than-expected earnings. The move is enough to send the shares to 52-week highs — and now they're approaching a...
— Nike stock this year has been good but not great. Here's the setup in which it could really run. — By Bret Kenwell, TheStreet.com Nike (NKE) this year has been trading well but still has lagged the indexes. The athletic-apparel giant's shares are up about 6.5% year to date, lagging the S&P 500 and Nasdaq, which are up 6.8%...
It wasn't necessarily a bad week for the market. All of the indices basically broke even. But, how and where stocks stalled is highly suspect. None of the key indices managed to get up and over the technical hurdles that came into play two weeks ago. This may be the market's way of telling us there are some psychological underpinnings...
It wasn't necessarily a bad week for the market. All of the indices basically broke even. But, how and where stocks stalled is highly suspect. None of the key indices managed to get up and over the technical hurdles that came into play two weeks ago. This may be the market's way of telling us there are some psychological underpinnings...
— Tesla stock is clinging to a key support level after the electric-vehicle leader's earnings report. Here's are the levels investors should know. — By Bret Kenwell, TheStreet.com All eyes are on Tesla (TSLA) as the electric-vehicle leader reported earnings on Wednesday after the bell. The shares on Thursday opened 8% lower, bounced slightly, then took out the session low....
— Tesla shares nosedive after results disappoint, while a surprisingly large drop in leading economic indicators has added to recession concerns. — From Schwab Center for Financial Research, April 20, 2023 Major U.S. stock indexes fell Thursday, with the broad S&P 500(r) Index closing at its lowest level in a week, after Tesla (TSLA) reported a sharp drop in profit...
— Walmart stock has been trading well and is running into resistance. Can it overcome? — By Bret Kenwell, TheStreet.com Walmart (WMT) stock has been quietly trading higher. In fact, many defensive names like the retail giant have been on the mend. Coca-Cola (KO) and PepsiCo (PEP) have been trading much better, as have names like Procter & Gamble (PG)...
