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...
— Tesla stock was hammered this morning, but bulls bought the dip. Here's how to navigate it from here. — By Bret Kenwell, TheStreet.com Tesla (TSLA) looked downright putrid on Thursday morning, opening lower by more than 8% down near $700 and then bottoming at that mark. Shares have now erased almost all those losses and for a moment, Tesla...
— Macy's stock looked to break out on earnings, but is now reversing. Here's the trade. — By Bret Kenwell, TheStreet.com Macy's (M) stock was rallying this morning following better-than-expected earnings. However, those gains have not stuck as we push into Tuesday's afternoon session. Just as the overall market has rolled over from its morning gains, so too is Macy's....
There's still a chance stocks can bounce back from their recent selling… or reselling, to be specific. But, the odds of that outcome are quickly fading. One more bearish day could push all the major indexes past the point of no return. That's just one perspective and possibility, of course. The present market environment has been and remains wildly unpredictable,...
There's still a chance stocks can bounce back from their recent selling… or reselling, to be specific. But, the odds of that outcome are quickly fading. One more bearish day could push all the major indexes past the point of no return. That's just one perspective and possibility, of course. The present market environment has been and remains wildly unpredictable,...
The half-hearted recovery effort that took shape in the early part of last week just wasn't enough. By the time Friday's closing bell rang, the S&P 500 had made a lower low for the week, and a lower high, and for the second consecutive week booked a loss. The index also inched back below a pivotal moving average line, with...
The half-hearted recovery effort that took shape in the early part of last week just wasn't enough. By the time Friday's closing bell rang, the S&P 500 had made a lower low for the week, and a lower high, and for the second consecutive week booked a loss. The index also inched back below a pivotal moving average line, with...
— Call options' open interest is on the rise. — By Gordon Scott, Investopedia Investors have bid down the share prices of Pfizer Inc. (PFE) after the company announced earnings results for the fiscal fourth quarter. After reaching a 52-week high in late December 2021, Pfizer shares slid to start 2022. Analysts had expected the pharmaceutical giant to announce $0.85...
— Roku stock will be in the spotlight when it reports earnings. Here are the key levels to know now. — By Bret Kenwell, TheStreet.com Investors don't need much more evidence than they've already got that we're in a bear market in growth stocks. And Roku (ROKU) shares have been caught up in the pressure. The streaming-equipment major's shares are...
David Einhorn's Greenlight Capital purchased 1,000 put contracts of Tesla during the fourth quarter in a bet the stock would trade lower. Smart money has begun to position itself into Nio, which demonstrates investors may believe the China-based EV manufacturer has more room to trade higher. By Melanie Schaffer, Benzinga Nio, Inc (NIO) and Tesla, Inc. (TSLA) are trading between...
