Add another 'W' to the job market's win/loss record. July was another solid month for the nation's employment picture. That's not all that easy to tell with just a superficial glance at the data. The 157,000 new payrolls created last month fell short of expectations, and was well off June's total. It was enough to whittle the unemployment rate down...
By Keris Lahiff, CNBC Apple just hit $1 trillion market cap, a never-before-seen milestone for a U.S. publicly traded company. As the stock sits at those records, the rally could be putting Apple on its well-worn path leading to a pullback, says Frank Cappelleri, chief market technician at Nomura Instinet. "I'm long-term bullish on Apple, but I think no matter...
By Keris Lahiff, CNBC Apple just hit $1 trillion market cap, a never-before-seen milestone for a U.S. publicly traded company. As the stock sits at those records, the rally could be putting Apple on its well-worn path leading to a pullback, says Frank Cappelleri, chief market technician at Nomura Instinet. "I'm long-term bullish on Apple, but I think no matter...
From Rebecca Ungarino, CNBC After a blockbuster start to the year, energy stocks have been range-bound. But one top technical analyst says a group within the sector is poised to charge higher. Oil refinery stocks look particularly well-positioned, according to Ari Wald, head of technical analysis at Oppenheimer. He gushed about one refiner within the group, Andeavor, in a recent...
From Rebecca Ungarino, CNBC After a blockbuster start to the year, energy stocks have been range-bound. But one top technical analyst says a group within the sector is poised to charge higher. Oil refinery stocks look particularly well-positioned, according to Ari Wald, head of technical analysis at Oppenheimer. He gushed about one refiner within the group, Andeavor, in a recent...
– We think the selling has just begun,' analysts say – By Ryan Vlastelica, MarketWatch The U.S. stock market has been partying all throughout July, and a hangover is coming. That is according to analysts at Morgan Stanley, who said that Wall Street's rally is showing signs of "exhaustion," and that with major positive catalysts for trading now in the...
– We think the selling has just begun,' analysts say – By Ryan Vlastelica, MarketWatch The U.S. stock market has been partying all throughout July, and a hangover is coming. That is according to analysts at Morgan Stanley, who said that Wall Street's rally is showing signs of "exhaustion," and that with major positive catalysts for trading now in the...
This past week has been very interesting in the US markets for a couple of reasons. It is time we took a hard look at what to expect going forward and how this news will likely drive future market moves. First, the Q2 GDP number came in as a huge boost to the US economy and for the future expectations...
This past week has been very interesting in the US markets for a couple of reasons. It is time we took a hard look at what to expect going forward and how this news will likely drive future market moves. First, the Q2 GDP number came in as a huge boost to the US economy and for the future expectations...
Nobody can honestly say they were surprised the market hit a wall and peeled back on Friday. There are a million things that could easily go wrong for the market here. And, while there are a million things that can still go right, most of them had already been priced in since late June. Stocks were ripe for a little...
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