— Defense stocks hit multiweek highs as Lockheed Martin and Raytheon posting a strong rally. Here's what to watch for now. — By Bret Kenwell, TheStreet.com The stock market has been trading pretty well lately and defense stocks have joined the party. Lockheed Martin (LMT) and Raytheon (RTX) on Monday had moved up 2.9% and 2.7% respectively. While the gains...
— Defense stocks hit multiweek highs as Lockheed Martin and Raytheon posting a strong rally. Here's what to watch for now. — By Bret Kenwell, TheStreet.com The stock market has been trading pretty well lately and defense stocks have joined the party. Lockheed Martin (LMT) and Raytheon (RTX) on Monday had moved up 2.9% and 2.7% respectively. While the gains...
— Wynn Resorts stock is teetering on a breakout that could send it back to the year-to-date high (and possibly much higher). — By Bret Kenwell, The Street.com Wynn Resorts (WYNN) started off the year with a bang, the shares exploding to the upside. The casino company's shares rallied in six of the first eight weeks of 2023. The two...
Stocks managed to log their third winning week in a row last week, and in so doing are (mostly) above all the major technical ceilings that could have stopped the rally effort. Yes, from a trend-trading perspective, this is bullish. Too good for our own good? Maybe. Certainly stocks ended last week on an unusually-high note, setting the stage for...
— Here are the must-know chart levels for those looking to take a position in JPMorgan stock. — By Bret Kenwell, TheStreet.com JPMorgan (JPM) and other bank stocks have been caught in a wave of volatility lately. Specifically, JPMorgan has held up better than other names, but its shares have still suffered a peak-to-trough decline of 14.5% this month. The...
It's been a back-and-forth affair, but the bulls are turning the tide. Thanks to Wednesday's gain, most of the indices are mostly above key technical ceilings. Not everything is quite as bullish as we wish it was though. But, first things first. Take a look at the daily chart of the S&P 500. While it's been back and forth since...
It's been a back-and-forth affair, but the bulls are turning the tide. Thanks to Wednesday's gain, most of the indices are mostly above key technical ceilings. Not everything is quite as bullish as we wish it was though. But, first things first. Take a look at the daily chart of the S&P 500. While it's been back and forth since...
— General Electric shares are up more than 40% in 2023 and continue to hold above a key breakout area. Here's how to trade them now. — By Bret Kenwell, TheStreet.com General Electric (GE) shares have been trading quite well, giving investors a surprising start to 2023. The industrial stalwart's shares are up more than 40% this year and have...
Stocks managed to log a second winning week, but it was a less than impressive one. The S&P 500 gained a modest 1.4% last week, bouncing back a bit on Friday from the intraweek pullback from Wednesday's high. More important though, the index found technical support when and where the bulls needed it… at least for the S&P 500. The...
Stocks managed to log a second winning week, but it was a less than impressive one. The S&P 500 gained a modest 1.4% last week, bouncing back a bit on Friday from the intraweek pullback from Wednesday's high. More important though, the index found technical support when and where the bulls needed it… at least for the S&P 500. The...
