— Alphabet will cut about 12,000 jobs and the stock is rallying on the news. Here are the key levels to know right now. — By Bret Kenwell, TheStreet.com FAANG is in focus on Friday and it's not just because Netflix (NFLX) is rallying after reporting earnings. The attention is also on Alphabet (GOOGL) (GOOG), which will reportedly lay off...
It's weeks like last week that can convince you the market is deliberately trying to drive you nuts. Just when it looked like stocks were ready to make good on a budding rebound effort, something up-ends the young rally. And yet, while last week was a loser, losses weren't big enough to say stocks are back in a clear downtrend....
It's weeks like last week that can convince you the market is deliberately trying to drive you nuts. Just when it looked like stocks were ready to make good on a budding rebound effort, something up-ends the young rally. And yet, while last week was a loser, losses weren't big enough to say stocks are back in a clear downtrend....
— General Electric has rallied in every session so far in 2023. Here's how we're trading this one now. — By Bret Kenwell, TheStreet.com It's been a tough start to the year, although the bulls are starting to gain some momentum. For General Electric (GE) though, it hasn't been a contest: The bulls are dominating. A year that started off...
— Bank earnings continue to roll in, with Goldman Sachs and Morgan Stanley both reporting. Here's how the two stocks look on the charts. — By Bret Kenwell, TheStreet.com The banks kicked off earnings season on Friday, as the country's largest investment banks began reporting their fourth-quarter results. We went over the most notable setups, knowing full well that we...
Last week wasn't just another win for stocks. The second consecutive weekly win carried most of the indices just a hair above key technical resistance lines. That's the first step to starting breakouts. As far as breakout efforts go, this one still fell short of key lines in the sand. We also saw a red flag materialize in terms of...
Last week wasn't just another win for stocks. The second consecutive weekly win carried most of the indices just a hair above key technical resistance lines. That's the first step to starting breakouts. As far as breakout efforts go, this one still fell short of key lines in the sand. We also saw a red flag materialize in terms of...
— There are some positives, but the short-term trend for Microsoft stock is a bit concerning. Let's look at the chart. — By Bret Kenwell, TheStreet.com Microsoft (MSFT) has been in the news quite a bit, and the software stalwart's shares continue their volatile price action. Most recently, Microsoft stock was in focus due to reports about a potential investment...
Against the odds, stocks have soared over the course of the past four trading days. As of Wednesday's close the S&P 500 is up 4.2% from last Thursday's close. The move pushed the index above several important technical ceilings. But, one more big one remains in place. Take a look. The S&P 500 has broken back above its 20 (blue),...
Against the odds, stocks have soared over the course of the past four trading days. As of Wednesday's close the S&P 500 is up 4.2% from last Thursday's close. The move pushed the index above several important technical ceilings. But, one more big one remains in place. Take a look. The S&P 500 has broken back above its 20 (blue),...
