They were all the rage just a few days back. Now they can’t do much of anything right. The so-called “Magnificent 7” names like Alphabet, Amazon, Microsoft, and Apple are now in a rather steep decline. They’re selling off at a much faster rate than the rest of the market is. In fact, we’re possibly just one bad day away...
By Harris Miller, Investors.com KB Home (KBH) is the IBD Stock Of The Day for Thursday. KBH stock is building toward a buy point and trading near a 16-year high. Homebuilders have rallied aggressively this year, as rising interest rates have slowed sales of existing homes, driving demand and prices for newbuilt homes. The Building-Residential/Commercial industry group bolted nearly 42% so...
The Russell 2000 rejects the key resistance and threatens a fall back to the 1920 support. From ForexLive Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nonetheless, the...
Are you a believer in calendar-based tendencies? How about investors' ever-evolving presumptions about a (any) particular U.S. President? If the answer to either question is yes, keep reading. You're about to get some eye-opening, less-than-bullish information. Beginning with the end in mind, the next three and a half months could be anemic, sideways ones for the stock market. Regardless of...
Are you a believer in calendar-based tendencies? How about investors' ever-evolving presumptions about a (any) particular U.S. President? If the answer to either question is yes, keep reading. You're about to get some eye-opening, less-than-bullish information. Beginning with the end in mind, the next three and a half months could be anemic, sideways ones for the stock market. Regardless of...
By Lance Roberts, Investing.com “The stock market is not the economy.” Such is the latest rationalization to support the “bull market” narrative. The question, however, is the validity of the statement. During the 2020 economic shutdown and surging market rebound, I stated: “There is currently a ‘Great Divide’ happening between the near ‘depressionary’ economy versus a surging bull market in...
For the first time in several weeks the market suffered a major weekly loss. When all was said and done the S&P 500 fell 2.2% last week. The rally underway since March hasn't yet been officially broken. But, there are red flags now waving. Both the NASDAQ Composite and the S&P 500 waving them too. We'll look at why last...
For the first time in several weeks the market suffered a major weekly loss. When all was said and done the S&P 500 fell 2.2% last week. The rally underway since March hasn't yet been officially broken. But, there are red flags now waving. Both the NASDAQ Composite and the S&P 500 waving them too. We'll look at why last...
On the surface it's troubling. A rarely-seen downgrade of the United States' government-issued debt didn't just spark some selling. It prompted the worst selloff in several weeks, with the NASDAQ logging its biggest daily loss since February, in fact. Already overdue for some profit-taking, the day's stumble looks like it might just get that ball rolling. Don't be too quick...
On the surface it's troubling. A rarely-seen downgrade of the United States' government-issued debt didn't just spark some selling. It prompted the worst selloff in several weeks, with the NASDAQ logging its biggest daily loss since February, in fact. Already overdue for some profit-taking, the day's stumble looks like it might just get that ball rolling. Don't be too quick...
