— One resistance level is holding back a more notable rally in Johnson & Johnson stock. — By Bret Kenwell, TheStreet.com We have a fairly mixed reaction out of Johnson & Johnson (JNJ) so far on Tuesday. The shares are down about 0.5% after the health-care giant reported third-quarter results. Earnings fell 1.9% year over year, revenue grew 1.9%, and...
Not bad. Following through on Monday's gains, the S&P 500 rallied another 42 points (1.1%) on Tuesday to clear a key hurdle. That hurdle is the 20-day moving average line (blue) at 3677. The close was 3720. The S&P 500's Volatility Index (VIX) slipped under its 20-day moving average line too. It all suggests the tide and undertow have taken...
Not bad. Following through on Monday's gains, the S&P 500 rallied another 42 points (1.1%) on Tuesday to clear a key hurdle. That hurdle is the 20-day moving average line (blue) at 3677. The close was 3720. The S&P 500's Volatility Index (VIX) slipped under its 20-day moving average line too. It all suggests the tide and undertow have taken...
If you needed any evidence that stocks are just schizophrenic here, Thursday's and Friday's action supplies it. Down as much as 2.4% early Thursday, the S&P 500 ended that day's trading up 2.6%, with investors changing their minds about how to view inflation. The bulls followed through briefly on Friday. Before the closing bell rang though, the S&P 500 was...
If you needed any evidence that stocks are just schizophrenic here, Thursday's and Friday's action supplies it. Down as much as 2.4% early Thursday, the S&P 500 ended that day's trading up 2.6%, with investors changing their minds about how to view inflation. The bulls followed through briefly on Friday. Before the closing bell rang though, the S&P 500 was...
— Meta stock is hitting new lows and is now trading under its covid low from 2020. Is it close to a bottom? — By Bret Kenwell, TheStreet.com It has not been a good year for Meta (META) — although the social-media giant is hardly alone. Tech and growth stocks have come under the most pressure so far in 2022,...
The market mustered a gain last week, but thanks to Friday's rout, just barely. The S&P 500's close of 3639.66 was just 54 points better than the prior week's last trade, leaving the index back within easy reach of a major technical floor. And at this point, things could easily go either way. Most of the indices held above critical...
The market mustered a gain last week, but thanks to Friday's rout, just barely. The S&P 500's close of 3639.66 was just 54 points better than the prior week's last trade, leaving the index back within easy reach of a major technical floor. And at this point, things could easily go either way. Most of the indices held above critical...
— AMD stock is hitting 52-week lows as it reports disappointing preliminary revenue results. Here's when to buy the chipmaker's shares. — By Bret Kenwell, TheStreet.com Advanced Micro Devices (AMD) finally slipped up, just as Nvidia (NVDA) did a few months ago. Shares of the veteran chipmaker are down 8% on Friday, but not because they're following the broader market...
— Amazon will hold its second Prime sale of the year later this month. Here's how the charts are shaping up now. — By Bret Kenwell, TheStreet.com Amazon (AMZN) has been a really interesting stock so far this year. And it is starting to show some resilience. Perhaps that resilience stems from the approaching holiday season. Maybe it's that the...
