By Barani Krishnan, Investing.com Has gold already lost its $2,000 magic? It seems pretty early to say, though the past four sessions show a market in continuous decline. And technical indicators suggest a greater swoon could come before or right after the first US pandemic-era rate hike expected on Wednesday. Longs in bullion have lost some 3% since Mar. 10,...
— Airline stocks are on the mend, but are they about to experience more turbulence? Here's the trade. — By Bret Kenwell, TheStreet.com When Covid-19 hit, the airline industry was one of the most disoriented and hardest-hit groups. While the pandemic wreaked havoc on consumers, and in supply chains in every sector, revenue in the travel industry more broadly evaporated...
The bulls took their shot at turning things around last week. When push came to shove, though, it was the bears doing all the shoving. Stocks just logged their lowest weekly close since June of last year, with the buyers overwhelmed by the sheer momentum of the selling. The pullback crossed some major technical support lines in the process. And...
The bulls took their shot at turning things around last week. When push came to shove, though, it was the bears doing all the shoving. Stocks just logged their lowest weekly close since June of last year, with the buyers overwhelmed by the sheer momentum of the selling. The pullback crossed some major technical support lines in the process. And...
— CrowdStrike stock is rallying after a strong earnings report and outlook. Here's the key level it must clear to continue higher. — By Bret Kenwell, TheStreet.com The stock market is a sea of red on Thursday, but investors can find some pockets of strength, particularly in tech. Amazon (AMZN) stock is rallying after a 20-for-1 stock split and a...
For a short while last week it looked like the market was positioning for a prolonged recovery. But, no dice. While the conflict in Ukraine gets the bulk of the blame, it's arguable that stocks were going to tumble on Friday regardless, rekindling the downtrend that materialized in early January. There's still a chance the bulls will turn things around....
For a short while last week it looked like the market was positioning for a prolonged recovery. But, no dice. While the conflict in Ukraine gets the bulk of the blame, it's arguable that stocks were going to tumble on Friday regardless, rekindling the downtrend that materialized in early January. There's still a chance the bulls will turn things around....
— Costco stock is falling on earnings, but support is nearby. Here's how to trade it now. — By Bret Kenwell, TheStreet.com Costco Wholesale (COST) is looking to escape this week without too bad of a day on Friday. Shares are currently down almost 4% after the retailer reported earnings. We saw Best Buy (BBY) and Target (TGT) both roar...
From Kitco Gold and silver prices are sharply higher in midday U.S. trading Tuesday, with gold poised to close at a 1.5-year high close. More safe-haven demand amid a very spooked marketplace is featured as the Russia-Ukraine geopolitical situation appears to be deteriorating by the day. April gold futures were last up $35.80 at $1,936.60 and May Comex silver was...
In light of Thursday's bullish intraday reversal and Friday's follow-through on the move, stocks ended the week on a high note. In fact, Friday's push was enough to get the market back in the black for the week. It may well be sign that the selling has run its course and we're entering a period of prolonged bullishness. The fact...
