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...
By Kat Facchini, CNBC GE is making sparks this week. The stock has rallied 7% since Monday, reaching its highest level since May 2018, even as the rest of the market has come under pressure. Its latest boost came from Morgan Stanley, which raised GE's price target to $17 from $13 on Thursday. Analysts credited growth in its aviation unit...
Stocks started and ended last week on a bullish note, leading to a net gain for the five-day stretch. But, what happened in between exposed the market's vulnerability. We reached new multi-week lows on Friday before the big bounceback, snapping some technical support in the process. And, the bullish volume never quite outpaced the bullish volume…even on Friday when the...
Stocks started and ended last week on a bullish note, leading to a net gain for the five-day stretch. But, what happened in between exposed the market's vulnerability. We reached new multi-week lows on Friday before the big bounceback, snapping some technical support in the process. And, the bullish volume never quite outpaced the bullish volume…even on Friday when the...
– Amazon has come off its highs, but is trading down into support while high-growth tech gets hit harder. Let's look at the chart – By Bret Kenwell, TheStreet.com The latest bout of the tech selloff has been hitting stocks differently. Amazon (AMZN) hasn't been hit too hard, at least compared with growth stocks. Unlike past selloffs in tech, FAANG...
By Keris Lahiff, CNBC E-commerce has been the golden ticket for retailers during the pandemic. Target on Tuesday reported a 118% increase in online sales in its recent quarter, while privately held grocery delivery company Instacart has doubled its valuation to $39 billion in its recent round of financing. Todd Gordon, founder of TradingAnalysis.com, says Shopify could be the best...
– Rocket Cos. has been explosive over the past few days but volatility is a knife that can cut both ways. Let's look at the chart – By Bret Kenwell, TheStreet.com Rocket Cos. (RKT) has been a wild one over the past few days. On Friday, shares popped higher on earnings before slipping lower into the close, although the stock...
In the shadow of a 71% runup from last March's low, traders had to know stocks were due for a dip. We got one – again – last week. All told the S&P 500 finished the week lower to the tune of 2.4%. Of course, the index has snapped back from worse selloffs several times since the rally got going...
In the shadow of a 71% runup from last March's low, traders had to know stocks were due for a dip. We got one – again – last week. All told the S&P 500 finished the week lower to the tune of 2.4%. Of course, the index has snapped back from worse selloffs several times since the rally got going...
By Lizzy Gurdus, CNBC Airline stocks are the most overbought they've been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday's trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of a larger setback, particularly for airline...
