-- 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 Disney+ would slow in the current quarter. That's due to production delays as a result of COVID-19. Analysts were quick to defend the stock, which helped to provide today's bounce. At one point, shares were up more than 2% on the day. Still, it's been a rough couple of days for Disney despite some solid news, as shares also fell 2.6% on Monday. In all, the stock is down 5.75% for the week. That's even as Disney plans to raise prices on its Hulu streaming platform and as its Shang-Chi… more
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... more
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... more
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... more
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,... more
— 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... more
You've heard it before, but after Tuesday's action, it needs to be said again – stocks are near a breaking point, but not yet past it. If things go poorly (for the bulls) on Wednesday, the S&P 500 will find itself beyond that line in the sand. The daily chart of the index in question speaks for itself. The S&P... more
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