Stocks defied the odds on Monday, and then again on Tuesday. That is, two of the market's key indices punched through technical ceilings, and then followed through. They got some help, mind you. Inflation continues to cool (more or less), boding well for the economy. The reason doesn't entirely matter though. What matters most is the impact. Thanks to the...
Stocks defied the odds on Monday, and then again on Tuesday. That is, two of the market's key indices punched through technical ceilings, and then followed through. They got some help, mind you. Inflation continues to cool (more or less), boding well for the economy. The reason doesn't entirely matter though. What matters most is the impact. Thanks to the...
— Accenture shares are breaking out and trying to clear last month's high. Here's how far it could run in that scenario. — By Bret Kenwell, TheStreet.com Accenture (ACN) was up nearly 2% at last check, enough to trigger a short-term breakout. Perhaps it's riding the coattails of the Nasdaq. Maybe it's the robust reaction we're seeing in Oracle (ORCL)...
Last week marks the fourth winning week in a row, and the thirteenth winning week of the past eighteen. To this end, the S&P 500 is now up nearly 13% from March's low. It would be misguided, however, to suggest the rally isn't running out of steam. Overall volume is fading, and it's getting tougher for the market to hold...
— The Russell 2000 has been ripping higher while tech stocks roll over. How long will the rotation trade last? — By Bret Kenwell, TheStreet.com Wednesday's trading session was very interesting in that we finally saw some selling pressure in megacap tech and the Nasdaq. Overall, the index sank 1.3% on the day. That decline didn't, however, spread throughout the...
— Palantir stock was up 11% on Wednesday, then gave up all of its gains. Here's where support may be. — By Bret Kenwell, TheStreet.com Palantir (PLTR) stock has been on fire over the past month: From the May 4 low to this week's high, the shares more than doubled (up 135%). A chunk of those gains stemmed from the...
The bears had ample opportunity to up-end the rally last week. They just didn't take it… a sign that the fear of missing out (or FOMO) is overwhelmingly high right now compared to fear of a stumble. And, that's bullish… right up until the time it isn't. Then it's disastrous. There's the rub. You should follow the trend. When the...
The bears had ample opportunity to up-end the rally last week. They just didn't take it… a sign that the fear of missing out (or FOMO) is overwhelmingly high right now compared to fear of a stumble. And, that's bullish… right up until the time it isn't. Then it's disastrous. There's the rub. You should follow the trend. When the...
— Broadcom stock is inching higher on the earnings report but is still working through a spike in volatility. — By Bret Kenwell, TheStreet.com Many investors over the years have seemed to feel comfortable ignoring Broadcom (AVGO). Despite Broadcom's strong cash flows and hefty yield, investors have refused to bid the shares high enough to warrant a premium valuation vs....
— Warren Buffett's Berkshire Hathaway has been trading well this month. Can it keep up the momentum? — By Bret Kenwell, TheStreet.com Warren Buffett may not be looking to cash in on the surge we're seeing in AI stocks, but Berkshire Hathaway (BRK.A) (BRK.B) shares have been trading well in the past month. While the stock is flat over the...
