— Big cap tech is turning lower, but Apple stock is holding strong. Can it continue to buck the trend or will it too succumb to lower prices? — By Bret Kenwell, TheStreet.com We're seeing stocks drop left and right, as US stock indices come under renewed selling pressure. However, Apple (AAPL) is holding in pretty well. The recent pain...
— Alphabet stock has fallen more than 30% only three times in the past 12 years. Now is one of those times. Let's look at support. — By Bret Kenwell, TheStreet.com It's been a rough run in tech, as companies big and small continue to struggle. The latest selling pressure has even hit the FAANG stocks. At one point, Alphabet...
The market had one last good chance to stave off a September meltdown after Thursday's moderate losses. But, it blew it on Friday. That's when all the indices – for no obvious reason – made their moves below their key lines in the sand. Stocks were able to push up and off their intraday lows before the closing bell rang,...
The market had one last good chance to stave off a September meltdown after Thursday's moderate losses. But, it blew it on Friday. That's when all the indices – for no obvious reason – made their moves below their key lines in the sand. Stocks were able to push up and off their intraday lows before the closing bell rang,...
— Adobe stock is setting 52-week lows after a $20 billion deal and mixed results. Here are the levels to focus on now — By Bret Kenwell, TheStreet.com In a surprise move, Adobe Systems (ADBE) before the open announced a sizable acquisition, agreeing to acquire Figma for $20 billion. It also reported its quarterly results, which were scheduled for after...
It wasn't as bad as Tuesday's meltdown, but Thursday's tumble sets the stage for trouble. Namely, with today's moderate marketwide losses, all of the major market indices are just a few points away from breaking below key technical floors. Take a look at the daily chart of the S&P 500 below. With Thursday's 45 point, 1.13% loss to close at...
It wasn't as bad as Tuesday's meltdown, but Thursday's tumble sets the stage for trouble. Namely, with today's moderate marketwide losses, all of the major market indices are just a few points away from breaking below key technical floors. Take a look at the daily chart of the S&P 500 below. With Thursday's 45 point, 1.13% loss to close at...
— Starbucks has its investor day on Tuesday and is so far avoiding getting crushed in the market selloff. Can that momentum last? — By Bret Kenwell, TheStreet.com Starbucks (SBUX) is in focus on Tuesday as it's in the middle of its investor day. The shares are down less than 1% on the day, a performance better than that...
Just when it looks like things just might start taking a prolonged turn for the better, WHAM! The S&P 500 fell 4.3% on Tuesday, shattering bullish hopes on clear signs that inflation is anything but tamed. The Fed's tentative plans to raise the Fed Funds Rate by three-quarters of a point are now all but assured, and investors don't like...
Just when it looks like things just might start taking a prolonged turn for the better, WHAM! The S&P 500 fell 4.3% on Tuesday, shattering bullish hopes on clear signs that inflation is anything but tamed. The Fed's tentative plans to raise the Fed Funds Rate by three-quarters of a point are now all but assured, and investors don't like...
