Thursday, April 25, 2024

Can This Social Media Stock Double in the Next Year?

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A social-media stalwart got hammered yesterday, and someone positioned for a major rebound. Twitter (TWTR) fell almost 9 percent about halfway through the morning. As it clawed its way back to cut those losses, a...

Is the Nightmare Over? Options Trader Sees Huge Rebound

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October was a painful month, but now a big options trader is looking for the entire selloff to reverse. Here's a breakdown of the massive call volume detected yesterday morning in the market-tracking SPDR S&P 500...

Popular Chip Stock Holds Key Level Into G20

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One of the most heavily traded names in the chip space is holding a potentially key level. Micron Technology (MU) dropped 38 percent from the start of June through yesterday. But now the giant producer...
Bull in ring

Bullish Chart Patterns Across Big Pharma

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Everyone's been focused on the selloff in tech, but something more bullish may be happening in a forgotten corner of the market. Large pharmaceutical companies including Pfizer (PFE), Merck (MRK) and Amgen (AMGN) have formed...

Cloud Giant Rips on Blowout Quarter

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A cloud-computing giant was highlighted on Market Action this week. It's posed to open higher today after a blowout quarter. Salesforce.com (CRM) reported earnings of $0.61 a share in the third quarter. With the Street...

This Forgotten Industry Is Quietly Shining

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Remember solar stocks? They're quietly screaming higher. PowerShares Solar Energy exchange-traded fund (TAN) is up 14 percent since the end of October. That outpaces every other major portfolio on our Market Action dashboard and puts...

Options Trader Sees No Happy New Year for Ailing Blue Chip

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Someone seems to think this year's worst-performing S&P 500 member won't have a happy New Year. Here's a breakdown of a large options trade in General Electric (GE): A block of 12,500 December 8 puts was sold...

This Week’s Market Action: November 26

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Did you miss this week's Market Action webinar with David Russell and Don Pratl? Here's a link to the summary, and the replay is found below. Market Action is fast-paced, all-encompassing breakdown of big trades, sectors,...

Why Stocks Move: Margins

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This post is the fourth in a series about the catalysts for stock movements. It’s based on a series of talks at TradeStation’s Master Class learning sessions.  Most investors want to see companies making money on a...

Will Jerome Powell Break the Cold Spell?

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Forecasts pointed to a cold Thanksgiving, but that's not the only thing cooling off. Several economic reports this week have shown a quick deterioration of conditions in the U.S. That will raise the stakes for...
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