– DraftKings is rising after reporting pretty strong earnings with upbeat guidance. Let's look at how it could make new highs – By Bret Kenwell, TheStreet.com Growth stocks have had trouble rallying on earnings this quarter, even when the numbers are good. DraftKings (DKNG) may be bucking the trend on Friday, up about 5% on the day. While up 5%...
– Salesforce has been consolidating for months now. Will earnings finally break it free? Let's look at the chart for some key levels – By Bret Kenwell, TheStreet.com With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesforce (CRM), however. While the stock hasn't been a terrible performer, it simply hasn't...
– Roku has been trading pretty well over the past few months. With a flat response on earnings, here are the must-know levels now – By Bret Kenwell, TheStreet.com Shares of Roku (ROKU) were roughly flat on Friday despite reporting better-than-expected earnings. Many investors weren't expecting such a flat response from Roku. Bears were looking for the stock to provide...
The bulls couldn't keep the rally going for a third straight week. Having reached a little too deep into record territory, the S&P 500 lost about 0.7% of its value for the holiday-shortened week. Still, it's hardly the beginning of a new downtrend. All the indices remain well above their key moving averages, having built up plenty of cushion from...
The bulls couldn't keep the rally going for a third straight week. Having reached a little too deep into record territory, the S&P 500 lost about 0.7% of its value for the holiday-shortened week. Still, it's hardly the beginning of a new downtrend. All the indices remain well above their key moving averages, having built up plenty of cushion from...
After months of clear leadership, the FANG stocks are starting to fail… some of them anyway. One of the laggards has found new life while another is on the verge of higher highs following higher lows. As a group though, these tech-oriented names are hitting a wall. The performance comparison chart below puts things in perspective. Netflix (NFLX) and Facebook...
After months of clear leadership, the FANG stocks are starting to fail… some of them anyway. One of the laggards has found new life while another is on the verge of higher highs following higher lows. As a group though, these tech-oriented names are hitting a wall. The performance comparison chart below puts things in perspective. Netflix (NFLX) and Facebook...
By Lizzy Gurdus, CNBC Retail traders are running short on shorts to squeeze. Short interest in the market has fallen to near-record lows, market analyst Matt Maley told CNBC's "Trading Nation" on Thursday as Congress heard testimony about last month's explosive trading in GameStop. "There's not that many stocks left to be shorted," said Maley, Miller Tabak's chief market strategist....
Walmart stock is dipping on earnings. We want to buy the dip, but the question is when. The chart gives us hints. By Bret Kenwell, TheStreet.com Walmart (WMT) has proved a resilient retailer regardless of the economic situation. A global pandemic that wreaks havoc worldwide? No problem. Walmart was deemed essential and perhaps did better than any of its investors...
It wasn't as impressive as the previous week's turnaround rally, but the bulls found a way to tack on more gains last week. Thanks to Friday's nice last-minute push, the S&P 500 gained 12% last week, tiptoeing deeper into record-high territory as a result. As has been the case for some time though, the volume behind the advance wasn't exactly...
