Friday, May 3, 2024
GameStop Has Overtaken Tesla on Google Finance

Videogame Bulls Fight for Key Level: Options Recap

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Videogame stocks are still hurting from last year's selloff in tech. But now options traders are defending a key level in major stock. We're talking about Activision Blizzard (ATVI), which makes titles like Call of...
Social Media Giant Plans Big Crypto Announcement Today

Social Media Giant Plans Big Crypto Announcement Today

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The world's biggest social network is poised to bring cryptocurrencies to the mainstream of business with a major announcement today. Multiple news sources report that Facebook (FB) will publish details on "Project Libra." The...
Airline ETF Takes Off as Investors Embrace Rising Fares

Airline ETF Takes Off as Investors Embrace Rising Fares

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Investors are jumping on board airlines, one of the few industries with pricing power in a low-inflation environment. The U.S. Global Jets ETF (JETS) is up 10 percent since the beginning of June and is...

Futures Trading Coach: This Is How Low Crude Oil May Fall

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Bearish technicals and fundamentals could spell more downside for oil. That's the view from John Hoagland at TopstepTrader. Crude-oil futures (@CL) may extend their recent slide to about $45.50, according to his analysis of...

Greenback on the Brink as Fed Meeting and G20 Approach

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The U.S. dollar seems to be teetering before some events with the potential to drive it lower. The U.S. dollar index (@DX) has spent most of 2019 between 95 and 97.75. It broke down quickly...
An Options Trader Is on a Roll in this Casino Stock

An Options Trader Is on a Roll in this Casino Stock

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An options trader seems to be on a roll as a casino stock pushes higher. MGM Resorts (MGM) has bounced more than 15 percent from its low at the start of last week. Today it...
Stocks Just Had Their Best Week of 2019 as Fed Drives Monster Rebound

Stocks Just Had Their Best Week of 2019 as Fed Drives Monster Rebound

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Stocks just had their sharpest rally of the year as investors looked for the Federal Reserve to cut interest rates. The S&P 500 surged 4.4 percent between Friday, May 31, and Friday, June 7, its...
Materials ETF Has Best Week in 7 Years as Fed Goes Dovish

Materials ETF Has Best Week in 7 Years as Fed Goes Dovish

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Stocks like chemical makers and gold miners have struggled for much of the year, but now they're ripping amid hopes of Federal Reserve rate cuts. The SPDR Materials ETF (XLB) is up almost 8 percent...

Why $9,000 May Be in the Cards for Bitcoin

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Bitcoin (BTC) has more than doubled this year and is now around $7,800, nearing the $9,000 level observed at the start of May. Its market capitalization is now around $275 billion -- roughly the...
Federal Reserve Joins the Global Flock of Dovish Central Bankers

Federal Reserve Joins the Global Flock of Dovish Central Bankers

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Stocks just had their second-biggest rally of the year, partially because of the Federal Reserve. It's worth recapping what happened. The story actually began on Monday, when James Bullard of the St. Louis Fed said...
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