After a modest washout through Wednesday's action, the bulls stepped up to the plate on Thursday in a huge way, logging the biggest daily win for the market since March. Friday's follow-through sealed the deal, leading the indices back above some key lines in the sand, and topping off what turned out to be a 1.8% advance for the five-day...
After a modest washout through Wednesday's action, the bulls stepped up to the plate on Thursday in a huge way, logging the biggest daily win for the market since March. Friday's follow-through sealed the deal, leading the indices back above some key lines in the sand, and topping off what turned out to be a 1.8% advance for the five-day...
— AMD stock on Wednesday gave the bulls a powerful rotation. They remain in control as attention now shifts to the upside. Here's the chart. — By Bret Kenwell, TheStreet.com Advanced Micro Devices (AMD) stock on Wednesday tipped its hand that this name still has potential strength. In fact, growth stocks in general performed pretty well on Wednesday despite the...
By Keris Lahiff, CNBC A search engine, a shoemaker and an electric vehicle company have all caught one analyst's eye. Piper Sandler's chief market technician, Craig Johnson, says Alphabet, Crocs and Tesla could all mean big money for investors – his firm has overweight ratings on each. "These three names, they're showing meaningful upside to the fundamental price objectives," Johnson...
With nothing more than a passing glance at Monday's action, it would be easy to brush off the small pullback as just a little bad luck. It happens. Stocks have certainly bounced back from bigger setbacks. A closer look at several key index charts, however, subtly suggests there may have been more damage done on Monday than there appears to...
With nothing more than a passing glance at Monday's action, it would be easy to brush off the small pullback as just a little bad luck. It happens. Stocks have certainly bounced back from bigger setbacks. A closer look at several key index charts, however, subtly suggests there may have been more damage done on Monday than there appears to...
The market may have logged a gain last week, bouncing back from the previous week's sizeable setback. But, it wasn't the sort of quality win the bulls would have liked to achieved. We still remain within sight of key technical floors. You still can't turn your back on this market for more than a moment, particularly given all the surprising...
The market may have logged a gain last week, bouncing back from the previous week's sizeable setback. But, it wasn't the sort of quality win the bulls would have liked to achieved. We still remain within sight of key technical floors. You still can't turn your back on this market for more than a moment, particularly given all the surprising...
By Lizzy Gurdus, CNBC There may soon be another chance to buy the only FAANG stock hitting new highs this month. Netflix shares have bucked the sell-off in fellow FAANG names – Facebook, Amazon, Apple and Google parent Alphabet – and the broader technology sector in the past month, climbing to fresh all-time highs. The rise comes as the streaming...
By Keris Lahiff, CNBC A painful month for high-growth stocks has punished the tech-heavy Nasdaq 100. Bond yields have risen on higher inflation expectations over that stretch – high-growth stocks such as technology often fall during these times as their valuations are harder to justify. The QQQ Nasdaq 100 ETF, which holds stocks such as Apple and Microsoft, has fallen...
