By Keris Lahiff, CNBC Oil's rally is hitting the gas. West Texas Intermediate gained another 1% on Wednesday, pushing it well above $68 a barrel, after OPEC+ doubled down on its decision to ease supply restrictions through July to keep up with demand. As WTI crude traded at its highest level since October 2018, energy stocks rallied alongside it. The...
— Shares of Etsy are rallying toward one-month highs after its $1.63 billion purchase of Depop. How long can the rally last? — By Bret Kenwell, TheStreet.com Etsy (ETSY) stock is ripping higher on Wednesday, up almost 8% on the day. The rally comes amid a mixed day in the market, while meme stocks like AMC Entertainment (AMC) surge. So...
It was a less-than-thrilling effort, but stocks tacked on enough gains last week to get then over key technical humps that were a bit problematic a week earlier. Still, they were losing steam all the way up, logging closes closer to the lower ends of the daily ranges than the higher ends. Part of that can be chalked up to...
It was a less-than-thrilling effort, but stocks tacked on enough gains last week to get then over key technical humps that were a bit problematic a week earlier. Still, they were losing steam all the way up, logging closes closer to the lower ends of the daily ranges than the higher ends. Part of that can be chalked up to...
The broad market's still in bullish mode, but it's a struggle. And, it's more of a struggle for the NASDAQ's listing than the NYSE's. Moreover, the NASDAQ's biggest and most influential names – the so-called FANG stocks – are showing the most cracks of all. Three of them are on the verge of serious technical breakdowns, in fact, which could...
The broad market's still in bullish mode, but it's a struggle. And, it's more of a struggle for the NASDAQ's listing than the NYSE's. Moreover, the NASDAQ's biggest and most influential names – the so-called FANG stocks – are showing the most cracks of all. Three of them are on the verge of serious technical breakdowns, in fact, which could...
– AMC Entertainment continues to rip higher as bulls put on the short squeeze. How high can the stock go? Let's look. – By Bret Kenwell, TheStreet.com AMC Entertainment (AMC), GameStop (GME) and others are back at it. These Reddit stocks have been red hot and are starting to squeeze higher with strong upside rallies. As these so-called meme stock...
By Keris Lahiff, CNBC The Dow Jones Industrial Average hit a major milestone: The blue-chip index turned 125 years old. Of course, the DJIA looks quite different now than when it was first published in The Wall Street Journal on May 26, 1896. None of the 12 original components remain, and its 30 members now include companies that were created...
By Keris Lahiff, CNBC Semiconductor stocks led the tech sector rally to begin the week. The SMH semiconductor ETF, which tracks the major chipmakers, rose more than 2% on Monday, outpacing the XLK technology ETF and broader S&P 500. The group has been on watch as supply chain disruptions have squeezed industries ranging from automobiles to household appliances. Ari Wald,...
Once again the bulls were tested, and once again they fought back when they were dangerously close to the edge of the cliff. And, once again they failed make a decisive bullish move that shakes off the marketwide lethargy. Translation? A corrective move is still a distinct possibility. Stocks just continue to ride the fence. As was the case a...
