It wasn't a disastrous week, but the bears clearly won it, squelching the previous week's budding rebound effort. If you think last week's marks a firm, decided beginning of an overdue pullback though, think again. All the key indices remain above critical technical support, and the bears aren't showing any more conviction here than the bulls have shown (or are...
Yes, Thursday's 3% selloff for the NASDAQ Composite was its worst single day for the year thus far. The S&P 500's selloff was a more modest 1%, but given the backdrop and the cause – a spike in bond interest rates – it would be easy to fear the worst for the broad market. The fact that all sector and...
Yes, Thursday's 3% selloff for the NASDAQ Composite was its worst single day for the year thus far. The S&P 500's selloff was a more modest 1%, but given the backdrop and the cause – a spike in bond interest rates – it would be easy to fear the worst for the broad market. The fact that all sector and...
By Keris Lahiff, CNBC Nike fell after the bell Thursday following a mixed quarter. Earnings of 90 cents a share for its February-ended quarter beat expectations, but port congestion in the U.S. squeezed inventories and pressured sales. The company emerged as an e-commerce powerhouse during the pandemic. Nike reported a 59% increase in digital sales in its recent quarter, down...
By Bret Kenwell, TheStreet.com Facebook (FB) stock is finally starting to show some life for the bulls. For months, the stock has been consolidating. Like many mega-cap tech holdings, the stock erupted higher in late August before peaking and trending sideways. Is that consolidation about to resolve higher? Alphabet (GOOGL) already has flexed its muscles as it remains the top-performing...
Stocks managed to shrug off the weakness from two and three weeks ago last week, with the S&P 500 logging a 2.6% rally for the recently-ended five-day stretch. It's far from the ideal bounce out of a lull though. The volume behind the move was never great, and actually waned on the way up. Meanwhile, the NASDAQ Composite remains below...
Stocks managed to shrug off the weakness from two and three weeks ago last week, with the S&P 500 logging a 2.6% rally for the recently-ended five-day stretch. It's far from the ideal bounce out of a lull though. The volume behind the move was never great, and actually waned on the way up. Meanwhile, the NASDAQ Composite remains below...
By Lizzy Gurdus, CNBC Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst. As the energy sector tracks for its best quarter on record with a year-to-date gain of nearly 40%, there's "clearly some upside" for oil prices as well, Piper Sandler's Craig Johnson told CNBC's "Trading Nation" on Friday. U.S....
— Ford has been a tremendous winner over the past few months. Can it continue higher? Let's look at the chart. — By Bret Kenwell, TheStreet.com Ford (F) quietly has become one of the best performers in the market. When it comes to auto stocks, many investors go right to electric vehicles, with the leader in EV being Tesla TSLA)....
With just a quick glance it would be easy to chalk up Monday's action to a temporary stumble. After all, the S&P 500's setback was modest, and the Dow actually logged a small gain. The only big loser was the NASDAQ, and that's most likely because its biggest have been overextended for a while. We knew they had to get...
