Today I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don’t look like much by themselves but when they’re all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sectors....Read More
Shorts have retreated from EOLS stock of lateU.S markets are moving higher today, with the Dow Jones Industrial Average (DJI) eyeing its third straight win. On the flip side, a pair of stocks not making positive moves this afternoon are water heater maker A. O. Smith Corp (NYSE:AOS), and biotech Evolus Inc (NASDAQ:EOLS). Below, we will dive into what is moving the shares of AOS and EOLS.Short Sell...Read More
By: RambusTonight I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don't look like much by themselves but when they're all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sector...Read More
By: Ira EpsteinGold in an uptrend:Read More
Today's chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that the broad averages have returned to those record levels. There is a further impediment in the form of the head-and-shoulderish formation at the righthand edge of...Read More
The FAANG stock is on pace for its longest win streak in a monthIn a filing late yesterday, it was revealed that Warren Buffett's Berkshire Hathaway (BRKA) took a roughly $904 million stake in e-commerce titan Amazon.com, Inc. (NASDAQ:AMZN), confirming buzz earlier this month that the Oracle of Omaha was amassing a position in the FAANG stock. As such, AMZN shares are higher in afternoon trading,...Read More
Options began trading on the ride-hailing service todayRide-hailing concern Uber Technologies Inc (NYSE:UBER) began trading on the Big Board on May 10, and today, traders can begin speculating on the Wall Street freshman via options. While we still have plenty of trading hours left before the close, it looks like the options crowd is leaning bullishly toward UBER so far.After pricing its initial p...Read More
Semiconductor stocks have been in focus as U.S.-China trade tensions festerTech stocks have been in focus lately, amid the escalating tariff war between the U.S. and China. Unlike several of its Huawei-exposed peers, though, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is higher in today's trading, already up 2.8% at $28.34. And, per data from Schaeffer's Senior Quantitative Analyst Rocky White...Read More
Options traders are targeting chip stocks amid new Huawei dramaThe Dow Jones Industrial Average (DJI) is soaring today, up over 250 points and barreling toward its third straight win, thanks to a combination of well-received blue-chip earnings and upbeat economic data. Cisco (CSCO) has popped more than 6% -- and is on pace for its best day in three years -- as traders cheer its minimal trade-war e...Read More
Puts are running hot as the chip stocks sinkPresident Donald Trump's latest efforts to stifle Huawei Technologies imports are weighing on several of the Chinese telecom company's U.S. suppliers. Among them are semiconductor concerns NeoPhotonics Corp (NYSE:NPTN) and Skyworks Solutions Inc (NASDAQ:SWKS). What's more, both NPTN and SWKS are seeing unusually heavy put volume this morning, pointing to...Read More
Several Fed members will speak throughout the weekNext week will feature the latest Federal Open Market Committee (FOMC) meeting minutes, as well as several Fed speakers, including Fed Vice Chairman Richard Clarida. A few more earnings reports will roll out, with a focus on retail stocks, including reports from Home Depot (HD), Target (TGT), and Best Buy (BBY). Elsewhere, Wall Street will digest d...Read More
The two stocks are climbing the Nasdaq todayTwo biotech stocks are making noise this morning on Wall Street. First, there's Iovance Biotherapeutics Inc (NASDAQ:IOVA), up 42.2% to trade at $15.63, one of the best stocks on the Nasdaq this morning, after the company reported upbeat cancer drug data at the annual American Society of Clinical Oncology (ASCO) meeting. Analyst Biren Amin at Jefferies...Read More
Cisco Systems is eyeing a close back above the 40-day trendlineBlue chip Cisco Systems, Inc. (NASDAQ:CSCO) is up 5.1% at $55.12 this morning, after last night reporting fiscal third-quarter profit and sales that surpassed analyst estimates. The company cited router and switch sales, alongside cyber security strength, as the main catalyst behind the beat. Analysts have been quick to react to the...Read More
The firm reported revenue that fell below analysts' expectationsThe shares of retail stock Dillard's Inc (NYSE:DDS) are way lower this morning, after the firm reported first-quarter revenue below expectations. Plus, hedge fund Greenlight Capital dissolved its stake in the department store. As such, DDS shares have dropped 9.7% to $57.26 as a result.Dillard's stock today is now dangerously close to...Read More
Chinese tech stocks are under fire in the Trump administration's latest executive order Dow Jones Industrial Average (DJI) futures are pointed toward a positive open, as the latest quarterly earnings reports from Dow stocks Walmart (WMT) and Cisco (CSCO) exceeded analysts' expectations. Both WMT and CSCO are poised to open about 3% higher, offsetting a fresh round of U.S.-China trade tensions afte...Read More
* Mp3 formatHighlightsLouis Navellier of Navellier & Associates returns with comments the booming domestic economic conditions. Our guest notes the 50 year low in the national unemployment rate. The Navellier Tactical ETF ranked #2 in Morningstar's service and topped the list for 3 consecutive years. Our guest outlines what he views as a conspiracy within the market: read Robo-Sharks...Read More
By: RambusTonight I would like to update some ratio combo charts which may give us a sense of the bigger picture. Its like putting the pieces of a puzzle together where the small pieces don't look like much by themselves but when they're all added together it paints a clear picture. These ratio combo charts are just a piece of the puzzle that may add some clarity to some of the individual sector...Read More
By: Thorsten PolleitSince the latest the crisis in 2008/2009, central banks around the world have been doing their best to expel risks from financial markets. By lowering interest rates, fixing them at extremely low levels, or issuing more credit and money, monetary policymakers make sure that ailing borrowers are kept afloat. In fact, central banks have put a "safety net" under the economies an...Read More
By: Ira EpsteinGold in an uptrend:Read More
Today's chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that the broad averages have returned to those record levels. There is a further impediment in the form of the head-and-shoulderish formation at the righthand edge of...Read More