Friday, April 26, 2024

Here Come Earnings

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It's hard to deny sentiment is building for a strong earnings season. Depending on who you ask, profits are projected to rise more than 20 percent. While the estimates vary, direction is positive because all the...

Cyclicals Lead as Stocks Climb Wall of Worry

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Stocks kept climbing last week, with higher-risk sectors leading the charge. The S&P 500 rose 1.5 percent between Friday, July 6, and Friday, July 13, to close at its highest level since February 1. The...

Even in a Good Market, Some Stocks Are Falling off a Cliff

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Even when the market's near record highs, some names are breaking lower. This post will highlight a few of those areas where sentiment remains especially weak. The first area that's jumped out of my RadarScreen®...

Winning Streak Continues as Volatility Evaporates

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Stocks kept climbing last week as volatility dried up and investors rotated into new sectors. The S&P 500 rose 0.8 percent between Friday, July 27, and Friday, August 3. It was the fifth straight weekly gain,...

Stocks Keep Climbing as Confidence Builds

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Stocks keep inching higher as confidence builds. The S&P 500 rose 0.6 percent between Friday, August 10, and Friday, August 17. It was the seventh positive week in the last eight, and the second-highest weekly...

Big Trade in a Little Gaming Stock: Options Recap

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A small gaming stock has pulled back hard following a big rally, but now the bulls are back. Remember Scientific Games (SGMS)? It's a provider of gambling-technology like slot machines and lottery systems. But it...

Retail Revival Underway: Earnings This Week

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Remember when everyone thought traditional retailers were going extinct? This week's earnings reports may have destroyed that narrative. "This is the healthiest environment I have ever seen," Target (TGT) CEO Brian Cornell told CNBC as...

Is the Global Picture Brightening?

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Global stocks have been a hot mess all summer, but some recent events may suggest the tide is turning. Over the weekend, for instance, China allowed its currency to appreciate against the U.S. dollar. That's...

Is Biotech Quietly Breaking Out?

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Biotechnology stocks are trying to break out as investors await potential catalysts after Labor Day. The iShares Nasdaq Biotech ETF (IBB) has closed at new 52-week highs in the last two sessions. It's now pushing...

Big Tech Slammed Again As Rotation Continues

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As the saying goes, the bigger they are, the harder they fall. That seems to be the case in technology stocks this week as large-cap members of the big indexes get hammered while other parts...
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