We knew headed into last week things were going to be tough. Stocks were already overbought, and traders were really relying on another round of stimulus checks coming through. That didn't happen, and traders flinched. The peak happened right where it should have happened too, suggesting traders had psychologically (and perhaps even unconsciously) actually planned a pullback here a while...
We knew headed into last week things were going to be tough. Stocks were already overbought, and traders were really relying on another round of stimulus checks coming through. That didn't happen, and traders flinched. The peak happened right where it should have happened too, suggesting traders had psychologically (and perhaps even unconsciously) actually planned a pullback here a while...
By Keris Lahiff, CNBC Palantir's rally could be on pause. The stock was volatile on Tuesday, a day after a monster rally triggered by the company clinching a $44 million contract with the Food and Drug Administration. The stock remains up more than 200% since its September market debut. Mark Tepper, president of Strategic Wealth Partners, told CNBC on Tuesday...
– Adobe is down slightly on Thursday after reporting earnings. Here's the level the stock must hold above or risk going lower. – By Bret Kenwell, TheStreet.com Should investors use Adobe's (ADBE) muted earnings response as a buying opportunity? So far, Adobe stock is down about 1.5% on Thursday after the software company reported earnings. That's despite the company delivering...
– DocuSign has roared higher in 2020, but can it keep up with a move to its highs? Let's look at the chart after the company reported solid earnings. – By Bret Kenwell, TheStreet.com Not all the pandemic stocks are getting crushed on earnings. Just look at DocuSign (DOCU), up about 5% on Friday after better-than-expected earnings. There were concerns...
By Keris Lahiff, CNBC One of the top-performing chipmaker stocks could be ready to break even higher, according to TradingAnalysis.com founder Todd Gordon. Advanced Micro Devices, which is up more than 100% this year, is the second-best stock in the SMH semiconductor ETF – behind only Nvidia. It hit an all-time high of $96.37 on Wednesday. Gordon now believes the...
The market may be due for a correction, but that's certainly not stopping the bulls. It's also not starting the bears. Stocks tacked on another 1.7% last week, moving deeper into record-high territory in the process. Decent earnings news and a positive spin on economic data was all the excuse would-be buyers needed to become actual buyers. Tis the season....
The market may be due for a correction, but that's certainly not stopping the bulls. It's also not starting the bears. Stocks tacked on another 1.7% last week, moving deeper into record-high territory in the process. Decent earnings news and a positive spin on economic data was all the excuse would-be buyers needed to become actual buyers. Tis the season....
– Dollar General is hovering below its all-time high, looking to make a move to the upside on earnings. Let's revisit the charts. – By Bret Kenwell, TheStreet.com Dollar General (DG) has enjoyed a strong 2020, up 40% this year, and investors are looking for those gains to continue when the discount retailer reports earnings on Thursday before the open....
By Lizzy Gurdus, CNBC The shipping showdown has started. With Black Friday and Cyber Monday raking in record amounts of online sales this year, according to Adobe, delivery rivals FedEx and UPS are gearing up for a busy holiday season. FedEx shares appear to have the upper hand, up almost 28% in the last three months with 71% of analysts...
