— Boeing stock slipped on Jan. 10 after an analyst downgrade. Here's how high it can go from here. — By Bret Kenwell, TheStreet.com One of traders' favorite opportunities comes from a premarket gap-down after an analyst downgrade. In the case of Boeing (BA), we had just that on Tuesday. Shares of Boeing opened lower by 2.25% on the day...
Stocks briefly made forward progress on Monday. When the buyers had to make the decision to hold those stocks overnight though, the flinched. The S&P 500 and the Dow Jones slipped back into the red for Monday's session, and while the NASDAQ Composite retained enough of its intraday gain to eke out a gain for the day, the scope of...
Stocks briefly made forward progress on Monday. When the buyers had to make the decision to hold those stocks overnight though, the flinched. The S&P 500 and the Dow Jones slipped back into the red for Monday's session, and while the NASDAQ Composite retained enough of its intraday gain to eke out a gain for the day, the scope of...
— Salesforce stock is riding a three-week winning streak, but here's where strong support lies should it break to lows. — By Bret Kenwell, TheStreet.com Salesforce (CRM) has been in the news a lot this week following a large companywide layoff. The software giant will ax about 10% of its workforce, eating a cost of $1.4 billion to $2.1 billion...
The four-week losing streak was finally snapped. Thanks to Friday's 2.3% bounce, the market finally managed to stop its bleeding. And yet, it still didn't actually kickstart a new uptrend. Stocks could still slip back into a downtrend with relative ease. But, it's at least something to build on. We'll see if the bulls are serious sometime early this week....
The four-week losing streak was finally snapped. Thanks to Friday's 2.3% bounce, the market finally managed to stop its bleeding. And yet, it still didn't actually kickstart a new uptrend. Stocks could still slip back into a downtrend with relative ease. But, it's at least something to build on. We'll see if the bulls are serious sometime early this week....
— Alibaba stock has started off 2023 on the right foot for the longs, with the shares up more than 15% so far. Here's how it can continue higher. — By Bret Kenwell, TheStreet.com Shares of Alibaba (BABA) are starting the year off higher, already up more than 15% so far. The stock jumped 4.4% on Jan. 3, the first...
Another day, another gain for gold. The price of the precious metal inched 0.77% higher on Tuesday, marking the fourth consecutive day of forward progress. In fact, gold is now 13% above October's low, and seemingly still accelerating upward. The implosion of most cryptocurrencies and persistent inflation is getting most of the credit for the advance. And, to be fair,...
Another day, another gain for gold. The price of the precious metal inched 0.77% higher on Tuesday, marking the fourth consecutive day of forward progress. In fact, gold is now 13% above October's low, and seemingly still accelerating upward. The implosion of most cryptocurrencies and persistent inflation is getting most of the credit for the advance. And, to be fair,...
— Gold has been rallying for several months and prices started the year brightly. — By Bret Kenwell, TheStreet.com Gold prices have been on a tear lately and the yellow metal is beginning the year with a bang. The SPDR Gold Trust (GLD) opened higher by 1% and climbed as much as 1.44% on the day before cooling off a...
