As expected, stocks bounced back hard from Monday's meltdown. As was feared, however, the rebound effort didn't actually get the market back above some key lines in the sand. That could still happen, mind you. As is the case with breakdowns, rebounds can be more of a process than an event. A recovery could take two or three tries before...
By Keris Lahiff, CNBC The S&P 500 is still just 2% away from its record high despite the recent sell-off. But, the same can't be said for some of the beaten-down stocks in the index. Penn National Gaming, Biogen, Gap, Western Digital, Take-Two Interactive and Dollar Tree are among those S&P 500 names more than 20% off their 52-week highs....
— Disney stock is clinging to support now after looking so good just a few days ago. Here's how to trade it now. — By Bret Kenwell, TheStreet.com Disney (DIS) shares are catching a bit on Wednesday, up about 1% after taking a hit on Tuesday. The stock fell 4.2% on Tuesday, following comments from management that subscription growth for...
By Keris Lahiff, CNBC The S&P 500 just closed its worst day since May on Monday, accelerating a September slump triggered by China's Evergrande debt crisis, seasonal weakness and a looming deadline to raise the debt ceiling. Those concerns contributed to market unease, but Bianco Research President Jim Bianco says the market's next move all comes back to one central...
Yikes. On Monday the S&P 500 closed 1.7% below Friday's close, although at one point it was down as much as 2.86%; it reclaimed some of its loss during the session. Still, it was a punishing day, snapping key technical floors for most of the major indices. That makes it easier for the bears to sustain the selling effort, now...
Yikes. On Monday the S&P 500 closed 1.7% below Friday's close, although at one point it was down as much as 2.86%; it reclaimed some of its loss during the session. Still, it was a punishing day, snapping key technical floors for most of the major indices. That makes it easier for the bears to sustain the selling effort, now...
With nothing more than a passing glance last week's losses look run-of-the-mill. We've seen and overcome worse in recent weeks. Take a second, closer look at last week's action though… which we will below. The stumble was seemingly small, but it was actually huge in one regard. Two of the market's three key indices quietly pulled under some critical technical...
With nothing more than a passing glance last week's losses look run-of-the-mill. We've seen and overcome worse in recent weeks. Take a second, closer look at last week's action though… which we will below. The stumble was seemingly small, but it was actually huge in one regard. Two of the market's three key indices quietly pulled under some critical technical...
By Keris Lahiff, CNBC FedEx shares were on the move after Cowen reiterated its outperform rating heading into the peak holiday shipping season. But, the stock has not delivered in recent months. The shares have fallen 13% this quarter, tracking for their worst since March 2020. This comes ahead of earnings next Tuesday. Bill Baruch, president of Blue Line Capital,...
— Cisco Systems stock is in the midst of a correction. Here's where support should come into play — By Bret Kenwell, TheStreet.com After a strong run, Cisco Systems (CSCO) stock has been cooling off lately. At one point, shares were up 3% on Wednesday, then flipped to a decline of 1.4%, before settling lower by 0.54%. The stock got...
