The seven-week losing streak was finally snapped… in spades. The S&P 500 bounced an impressive 6.6% last week, closing at its highest level seen since late April. This is what a reversal would look like at its inception. Don't be too quick to jump to such a conclusion though. Last week's strength was almost too good to be true, and...
— Nvidia stock is being bought on the dip. Here's how traders should approach it now. — By Bret Kenwell, TheStreet.com After the market on May 25 finished strongly, all eyes shifted to Nvidia (NVDA) as investors looked for one of the market's top tech firms to give stocks another lift. When the company reported earnings after the close, the...
— Zoom Video stock has fallen 86% from its all-time high. Here's how to trade it after the company reports earnings. — By Bret Kenwell, TheStreet.com Once a Covid-19 darling, videoconferencing-tech specialist Zoom Video's (ZM) stock rose 850% from low to high in a span of 10 months. Since then it's been a train wreck. The shares peaked in October...
It was down, then up, then basically back to a breakeven on Friday, mirroring the volatile indecision we saw the whole week. Yes, the stock market technically logged its seventh weekly loss in a row last week, and the most recent one was anything but modest. Between Friday's headfakes and what looks like the forming of technical support though, it's...
It was down, then up, then basically back to a breakeven on Friday, mirroring the volatile indecision we saw the whole week. Yes, the stock market technically logged its seventh weekly loss in a row last week, and the most recent one was anything but modest. Between Friday's headfakes and what looks like the forming of technical support though, it's...
— Apple stock again is faltering as it tries to reclaim support. Here are the levels to know now. — By Bret Kenwell, TheStreet.com Apple (AAPL) isn't doing much to help the markets on Wednesday, down more than 5% on the day. Just yesterday, Apple appeared to be setting up to reclaim the pivotal $150 area. Not anymore. Price action...
The market may have ended last week on a high note, but it still ended the week in the red… for the sixth week in a row. The S&P 500 is now down 13.2% from March's high. And, despite the flash of bullish brilliance seen on Friday, most of it can be chalked up as a knee-jerk response to Wednesday's...
The market may have ended last week on a high note, but it still ended the week in the red… for the sixth week in a row. The S&P 500 is now down 13.2% from March's high. And, despite the flash of bullish brilliance seen on Friday, most of it can be chalked up as a knee-jerk response to Wednesday's...
— Disney stock dipped down to $100 this morning, giving bulls a chance to get long. Will the bounce last? — By Bret Kenwell, TheStreet.com Disney (DIS) is under pressure on Thursday, down slightly on the day, but earlier in the session was changing hands just below $100 and down 5.5% at the session low. The move comes after the...
— Norwegian Cruise stock is rallying after missing on earnings and revenue estimates — By Bret Kenwell, TheStreet.com Norwegian Cruise Line (NCLH) stock on Tuesday has been all over the place. For that matter, the stock has been all over the place for several days. On Monday, the stock closed near the session lows, down 13% on the day and...
