— McKesson is the S&P 500's second-best performing non-energy stock this year. Here's how the charts look now. — By Bret Kenwell, TheStreet.com McKesson (MCK) stock has been on the best-performing-stocks list this year. The stock of the health-care-products and -services giant is up 54% so far in 2022, easily dominating the S&P 500's loss of 16%. Noteworthy is that...
Stocks were routed pretty well on Monday, with the S&P 500 suffering a 1.8% setback. The other indices took comparable tumbles too. On balance though, it's not the end of the world nor is it the beginning of a full-blown correction. The rally effort that's been underway since mid-October is still intact. It's just taking a break. And, it's doing...
Stocks were routed pretty well on Monday, with the S&P 500 suffering a 1.8% setback. The other indices took comparable tumbles too. On balance though, it's not the end of the world nor is it the beginning of a full-blown correction. The rally effort that's been underway since mid-October is still intact. It's just taking a break. And, it's doing...
There's certainly no reason to worry. But, there's not exactly reason to celebrate either. The market managed to log a gain last week, but didn't decisively clear the key technical hurdles that would signal or suggest the breakout's got legs. One rough day could still easily up-end the entire effort thus far. We'll show you why in some detail below....
There's certainly no reason to worry. But, there's not exactly reason to celebrate either. The market managed to log a gain last week, but didn't decisively clear the key technical hurdles that would signal or suggest the breakout's got legs. One rough day could still easily up-end the entire effort thus far. We'll show you why in some detail below....
— At one point, Costco stock was down 8% on the day. After the stock held a key support area, here's what may be next. — By Bret Kenwell, TheStreet.com Shares of Costco (COST) were getting hit, down 8.1% at Thursday's low and off 6.6% at last check. The moves came after disappointing November sales data. Specifically, November sales rose...
Stocks dished out a less-than-thrilling performance on Wednesday. But, Wednesday's rally was so strong that Thursday's lethargy doesn't really matter. Most of the major indices are already up and over key technical hurdles; one more good "umph" on Friday could seal the deal for this budding rally. Take the daily chart of the S&P 500 as an example. While it's...
Stocks dished out a less-than-thrilling performance on Wednesday. But, Wednesday's rally was so strong that Thursday's lethargy doesn't really matter. Most of the major indices are already up and over key technical hurdles; one more good "umph" on Friday could seal the deal for this budding rally. Take the daily chart of the S&P 500 as an example. While it's...
— Walmart stock is in a bull trend and making six-month highs. Here's where to buy the dip. — By Bret Kenwell, TheStreet.com Too many investors remain focused on bitcoin, growth stocks and FAANG. While they play an important role in the stock market, they don't play the only role. Entire groups continue to trade well. Energy is one, while...
It was the usual lethargic Thanksgiving week, with most investors taking some extra time off. But, what little action we got was more bullish than not. The S&P 500 advanced 1.5% last week; other indices also made gains. In most cases, however, those gains weren't quite enough to get them firmly up and over their current technical ceilings. We'll look...
