- Procter & Gamble is dipping after reporting earnings. Is it a buying opportunity? Let's see where support comes into play. - By Bret Kenwell, TheStreet.com Procter & Gamble (PG) shares tried to rally in premarket trading Wednesday after the company reported earnings. However, the gains were just too hard to come by for the stock, with the shares down about 1.5% on Wednesday. Bulls recognize P&G as a high-quality operator with a solid dividend, paying out a 2.4% yield. Proving its operation prowess, the company reported a top- and bottom-line beat for its fiscal second quarter. Earnings rose 15.5% year over year, while revenue jumped 8% to $19.7 billion. Even better, management gave a boost to its full-year outlook. With a solid quarter in hand and the stock down in eight of the past nine sessions and working on its third straight weekly decline, let's take a closer look… more
Alibaba shares are hitting one-month highs as founder Jack Ma finally resurfaces. Let's look at the charts to see the trade. By Bret Kenwell, TheStreet.com Alibaba (BABA) shares were hitting one-month highs, rising about 5.5% in Wednesday's trading session. What's driving the rally? Co-founder Jack Ma has made a public appearance in China after being off the radar for several... more
By Lizzy Gurdus, CNBC Fast food, big potential? With Goldman Sachs issuing bullish calls in the fast-food and restaurant space on Tuesday, two traders assessed whether the firm's picks could continue to deliver gains in the year ahead. Goldman analysts named the stock of Chipotle Mexican Grill as their top pick in the space for 2021, also assigning buy ratings... more
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... more
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... more
– 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... more
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... more
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