By: Ira EpsteinRead More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
By: Ira EpsteinRead More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
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Stocks extended their short-term downtrend on Wednesday, as investors' sentiment worsened following the trade war fears again. The S&P 500 index fell below its mid-May local low after breaking below the 2,800 mark. Will the downtrend continue?S&P 500: Downtrend Continues, As US-China Trade War EscalatesThe U.S. stock market indexes lost 0.7-0.9% on Wednesday, as investors' sentiment worsen...Read More
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The Transportation Security Administration (TSA) updated its policy on cannabis over the Memorial Day weekend, changing the medical marijuana section of its "What Can I Bring?" webpage from reading "no" to "yes" (with "special instructions"). Specifically, the agency is clarifying that hemp-derived CBD products may now be carried on planes under certain circumstances. Previously, TSA [...]Read ful...Read More
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Stocks backpedaled alongside 10-year bond yields, stirring recession fearsIt was a choppy session for U.S. stocks today, as the Dow erased early gains around midday to turn lower alongside the 10-year Treasury yield -- which is drawing closer to parity with its 2-year counterpart, and raising alarms about a possible yield curve inversion. This development, paired with rising tensions in the U.S.-C...Read More
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""When you're growing outdoors, you have a low cost input and a quality input that you're able to extract and turn into the vapes, the edibles, and all these products that both patients and consumers are really looking for in the Canadian market." $CROPhttps://t.co/nLnrn6V7vM"Read full newsRead More
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Credit Suisse is lacking hope toward Kraft HeinzTrade uncertainty has stocks hovering around breakeven, leaving marketsrelatively quiet at midday. Three stocks that are making noise today are measurement name Keysight Technologies Inc (NYSE:KEYS), Tommy Hilfiger parent PVH Corp (NYSE:PVH), and ketchup manufacturer Kraft Heinz Co (NASDAQ:KHC). Below, we will dive into what is moving the shares of...Read More