The most bullish week in months is a tough act to follow. So, all things considered, even with last week's slowdown the market did pretty well for itself. The S&P 500 climbed 1.8% last week, cutting further into its selloff suffered earlier this year. As far as bullishness goes though, this undertow is still less than ideal. The volume behind...
The most bullish week in months is a tough act to follow. So, all things considered, even with last week's slowdown the market did pretty well for itself. The S&P 500 climbed 1.8% last week, cutting further into its selloff suffered earlier this year. As far as bullishness goes though, this undertow is still less than ideal. The volume behind...
— Adobe stock is trading lower after the company's earnings report. Here's where support may come into play after the dip. — By Bret Kenwell, TheStreet.com Investors were hopeful that Adobe Systems (ADBE) could break its brutal downtrend with this week's earnings report. Unfortunately, that's not coming to fruition. Shares are down about 8% on Wednesday despite the company reporting...
It's been a while since our last look at the FANG stocks… individually, and as a group. Not much has changed since the last time. Apple (AAPL) and Alphabet (GOOG, GOOGL) continue to outperform, and Facebook, or Meta (FB), and Netflix (NFLX) continue to underperform. Indeed, Netflix and Meta — and Netflix in particular — remain in severe deterioration mode....
It's been a while since our last look at the FANG stocks… individually, and as a group. Not much has changed since the last time. Apple (AAPL) and Alphabet (GOOG, GOOGL) continue to outperform, and Facebook, or Meta (FB), and Netflix (NFLX) continue to underperform. Indeed, Netflix and Meta — and Netflix in particular — remain in severe deterioration mode....
— Nike stock rallied on the earnings report but faded from the highs. Here's why as it hits a key area on the chart. — By Bret Kenwell, TheStreet.com Shares of Nike (NKE) are up 3% on Tuesday following its earnings report. The company delivered an earnings and revenue beat, even though the former declined 3.3% year over year and...
By Bret Kenwell, TheStreet.com GameStop (GME) shares are trying to make it a fourth-straight day of gains, as the stock is up about 5% after the company reported earnings. However, it's up 17% from this morning's open and at the session high, shares were up almost 20%. Ahead of the print, investors wanted to know if the company could execute...
And just like that, more than four weeks' worth of losses were wiped away. The S&P 500 logged a 6.1% gain last week, inspired by the bullish spin put on the Fed's rate hike (and plans for future hikes). Traders also seem to be rethinking their initial bearish expectations prompted by Russia's invasion of Ukraine. It was the best week...
And just like that, more than four weeks' worth of losses were wiped away. The S&P 500 logged a 6.1% gain last week, inspired by the bullish spin put on the Fed's rate hike (and plans for future hikes). Traders also seem to be rethinking their initial bearish expectations prompted by Russia's invasion of Ukraine. It was the best week...
By Barani Krishnan, Investing.com Has gold already lost its $2,000 magic? It seems pretty early to say, though the past four sessions show a market in continuous decline. And technical indicators suggest a greater swoon could come before or right after the first US pandemic-era rate hike expected on Wednesday. Longs in bullion have lost some 3% since Mar. 10,...
