— Airbnb stock bulls must know this key support level on the chart if they are to stay long — By Bret Kenwell, TheStreet.com Airbnb (ABNB) investors aren't reacting favorably to the apartment-rental company's earnings, with the shares down almost 10%. The reaction comes after the company reported a top- and bottom-line beat as sales grew almost 29% year over...
Just when it looked like the market was easing into a full-blown breakout, WHAM! Something up-ends the effort. In this was it was the effective promise of more rate hikes despite Wednesday's 75-point basis hike… the fourth rate hike in as many scheduled opportunities to impose them. Then again, maybe that was what was going to happen anyway, with or...
Just when it looked like the market was easing into a full-blown breakout, WHAM! Something up-ends the effort. In this was it was the effective promise of more rate hikes despite Wednesday's 75-point basis hike… the fourth rate hike in as many scheduled opportunities to impose them. Then again, maybe that was what was going to happen anyway, with or...
— Pfizer is rallying after its earnings report, but the stock faces resistance. Above and the shares can continue to run. Below? Here's support. — By Bret Kenwell, TheStreet.com Pfizer (PFE) shares are higher on Tuesday, up about 3% so far on the day after the health-care stalwart reported earnings. The outperformance is not that notable on a percentage basis,...
The second winning week in a row did much of what the first week couldn't. Namely, the key stock indices cleared a few technical hurdles. There are still a few more ahead, but this is a good start to at least a shot at the usual year-end bullishness. This week will be a critical one if that's what's in the...
The second winning week in a row did much of what the first week couldn't. Namely, the key stock indices cleared a few technical hurdles. There are still a few more ahead, but this is a good start to at least a shot at the usual year-end bullishness. This week will be a critical one if that's what's in the...
In Sunday's Weekly Market Outlook we voiced cautious bullishness. That is to say, we acknowledged Friday's gains pushed scales toward net bullishness, but we still weren't convinced the effort would really go anywhere. After Wednesday, we're still not convinced. The S&P 500 in the black by a fair amount on Wednesday. When push came to shove as the closing bell...
In Sunday's Weekly Market Outlook we voiced cautious bullishness. That is to say, we acknowledged Friday's gains pushed scales toward net bullishness, but we still weren't convinced the effort would really go anywhere. After Wednesday, we're still not convinced. The S&P 500 in the black by a fair amount on Wednesday. When push came to shove as the closing bell...
— Shares of General Motors are racing higher after an earnings beat. Can it drive through resistance? Here's the level to know now. — By Bret Kenwell, TheStreet.com Shares of General Motors (GM) traded higher on Tuesday, up 3.6% after the auto giant reported earnings before the open. It's up another 2.5% at last check Wednesday. The company reported a...
— Tesla stock has touched a 52-week low, but is that a cause for concern? Here are the upside and downside levels to know right now. — By Bret Kenwell, TheStreet.com Shares of Tesla (TSLA) are in need of a recharge. Really, though, the problems with Tesla began several weeks ago when it delivered a disappointing quarterly delivery result. The...
