We warned you a week ago that the weight of the recent gains was starting to wear down the buying, and buyers. We saw the impact of that reality last week, in the form of a 1.5% pullback from the S&P 500. It's possible that's all the break and breather the rally needed. Realistically speaking though, given how overbought stocks...
By Lizzy Gurdus, CNBC Who's the top dog in streaming? While Nielsen's "Tops of 2020" report highlighted Netflix's lead in original and acquired television series, one relative newcomer is making a big splash on the streaming cinematic front: Disney. Nielsen said seven of last year's 10 most-streamed movies were watched on Disney+, which launched in November 2019. Overall viewership underwent...
– Aphria scorches higher as earnings help fuel the latest rally. What do the charts look like after the stock hit multi-year highs? – By Bret Kenwell, TheStreet.com Aphria (APHA) took a long time to find its groove. But the stock isn't having any trouble on Thursday, up more than 17% on better-than-expected earnings from the cannabis company. The entire...
Despite a rather bearish first trading day of the new year, stocks logged a great first full week. By the time Friday's closing bell rang the S&P 500 had rallied 1.8% from 2020's close, reaching record highs (again) to end the week in question. Fresh certainty regarding the country's 2020 election and subsequent runoff races was celebrated, regardless of any...
Despite a rather bearish first trading day of the new year, stocks logged a great first full week. By the time Friday's closing bell rang the S&P 500 had rallied 1.8% from 2020's close, reaching record highs (again) to end the week in question. Fresh certainty regarding the country's 2020 election and subsequent runoff races was celebrated, regardless of any...
– There's no quit in PLUG, a leader in building out the 'hydrogen' economy – By Stephen "Sarge" Guilfoyle, TheStreet.com Let's start at the beginning. About a year ago, the South Korean government announced the "Hydrogen Economy Roadmap" that lays out an ambitious green agenda to run through the year 2040. Fast forward all the way to Wednesday night. Plug...
By Lizzy Gurdus, CNBC Could the consumer be key to 2021 stock market gains? Wednesday's market action brought that question to the fore as the Consumer Discretionary Select Sector SPDR Fund (XLY) and SPDR S&P Retail ETF (XRT) hit all-time highs. Tesla and Starbucks, prominent holdings in XLY, were the subjects of some optimistic analyst calls: Morgan Stanley raised its...
– Alphabet stock has had a mixed year when compared to its peers. In Q4 though, it has been a leader. Can that momentum fuel it to $2,000? – By Bret Kenwell, TheStreet.com Alphabet (GOOGL) (GOOG) stock is slightly higher on Thursday, up 0.6% on the last trading day of 2020. While the world is collectively ready to see the...
Given the timbre of most of this year, it can't be surprising that the market finished 2020 on a high note. Traders took a brief break from their buying early in the week, but when forced to make the decisions, most people decided they'd rather start the new year with existing positions instead of waiting to add them as we...
Given the timbre of most of this year, it can't be surprising that the market finished 2020 on a high note. Traders took a brief break from their buying early in the week, but when forced to make the decisions, most people decided they'd rather start the new year with existing positions instead of waiting to add them as we...
