For a while last week it looked like the market might slip back into trouble, largely on fears of debt-ceiling gridlock in Washington DC. The partisan haggling actually ended up making encouraging progress on Friday though, prompting traders to step back in. While the win itself was relatively modest, it was important all the same. With that one big move,...
For a while last week it looked like the market might slip back into trouble, largely on fears of debt-ceiling gridlock in Washington DC. The partisan haggling actually ended up making encouraging progress on Friday though, prompting traders to step back in. While the win itself was relatively modest, it was important all the same. With that one big move,...
— Apple stock is up more than 30% in 2023. Now, two buy-the-dip setups are in play, and one deserves close attention. — By Bret Kenwell, TheStreet.com Apple (AAPL) has been one of the leaders of this year's stock market rally. Coming into this week, the Cupertino, Calif., tech giant's shares were up in seven of the past 10 weeks....
— A week ago, PepsiCo stock was hitting all-time highs. Now it's teetering on key support. Here's the trade setup now. — By Bret Kenwell, TheStreet.com PepsiCo (PEP) has quietly enjoyed a nice upside ride in 2023. As of last Monday's high, shares were up almost 18% from the 2023 low and were up about 9% year to date. At...
It took some work and an uncomfortable amount of time. But, the bulls finally did it! The S&P 500 joined the NASDAQ Composite in its technical breakout. Now that this feat is complete stocks should have a much easier time moving forward. That's not a guarantee, of course. In fact, there's still room and reason for the market to take...
It took some work and an uncomfortable amount of time. But, the bulls finally did it! The S&P 500 joined the NASDAQ Composite in its technical breakout. Now that this feat is complete stocks should have a much easier time moving forward. That's not a guarantee, of course. In fact, there's still room and reason for the market to take...
— Foot Locker reported disappointing earnings and now the stock is paying the price. Will buyers step up as the shares near key support? — By Bret Kenwell, TheStreet.com Foot Locker (FL) stock is getting hammered on Friday, down 27% at last glance. The slump comes after the athletic-apparel chain reported its first-quarter results. The company missed analysts' expectations and...
If it feels to you like the NASDAQ Composite has been decidedly outperforming the S&P 500 or the Dow Jones Industrial Average of late, you're not crazy. It is. And, there's a buried message in the disparity. But, first things first. As was noted in Sunday's Weekly Market Outlook, although the S&P 500 hasn't made any meaningful progress beyond a...
If it feels to you like the NASDAQ Composite has been decidedly outperforming the S&P 500 or the Dow Jones Industrial Average of late, you're not crazy. It is. And, there's a buried message in the disparity. But, first things first. As was noted in Sunday's Weekly Market Outlook, although the S&P 500 hasn't made any meaningful progress beyond a...
— Target stock has not traded well this year, but the bulls are looking for the earnings report to give it some life. — By Bret Kenwell, TheStreet.com Target (TGT) shares were lower in Wednesday's premarket trading after the retailer reported first-quarter earnings before the open. The stock opened lower too, but it turned higher, up 2.5% at last check....
