By Keris Lahiff, CNBC Transports stocks are coming off their best first half since 1997. The Dow transports rallied 19% in the first six months of the year, though the bulk of those gains were made in the first quarter followed by a stretch of consolidation in the last few months. Matt Maley, chief market strategist at Miller Tabak, is...
— AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months? — By Bret Kenwell, TheStreet.com First it was Nvidia (NVDA) that enjoyed the big gains. It it now Advanced Micro Devices' (AMD) turn? Shares have risen about 3.5% on Tuesday as the stock is...
By Stephanie Landsman, CNBC Wilmington Trust's Meghan Shue is opening her playbook for the year's second half – which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. "We see the economic recovery continuing and being a tailwind for stocks," the firm's head of investment strategy told CNBC's "Trading Nation" on...
Determined to keep the bigger rally alive, the bulls shrugged off the weakness from two weeks back to log a gain for last week, pushing stocks to a record high (and record high close) in the process… even the NASDAQ, which had been lagging. It's the wrong time of year and wrong situation for bullishness, but as the old saying...
Determined to keep the bigger rally alive, the bulls shrugged off the weakness from two weeks back to log a gain for last week, pushing stocks to a record high (and record high close) in the process… even the NASDAQ, which had been lagging. It's the wrong time of year and wrong situation for bullishness, but as the old saying...
By Keris Lahiff, CNBC MoffettNathanson weighed in on the video game stocks, giving Take-Two and Activision buy ratings and Electronic Arts a neutral. Analysts on Thursday highlighted three "mega trends" over the past decade: digital distribution, in-game purchases and successful franchises such as Activision's World of Warcraft and Take-Two's Grand Theft Auto. But, while markets have reached records, these stocks...
— "The market looks to have digested most negative news during the recent sell-off from $41,000 to $29,000," one analyst said. — By Omkar Godbole, Coindesk While bitcoin (BTC) seems to have found a bottom, a quick rally to record highs looks unlikely, analysts told CoinDesk on Wednesday, saying the cryptocurrency now faces price consolidation. "Bitcoin looks to have bottomed...
— Amazon stock has been trading incredibly well ahead of Prime Day. Are new highs coming? Here's how the stock is setting up now. — By Bret Kenwell, TheStreet.com It's been months since we've seen a strong, sustained rally in Amazon (AMZN). Scratch that – it's been quarters since we've seen the stock really put on a show. Despite two...
The previous week started out bullishly enough, with the S&P 500 mustering another record-high close on Monday. With the weight of all the recent gains increasingly bearing down though (not to mention the calendar – this is usually a lethargic time of year), it was just too much. Stocks logged their first weekly loss in the past four. Perhaps worse...
The previous week started out bullishly enough, with the S&P 500 mustering another record-high close on Monday. With the weight of all the recent gains increasingly bearing down though (not to mention the calendar – this is usually a lethargic time of year), it was just too much. Stocks logged their first weekly loss in the past four. Perhaps worse...
