Thursday, July 18, 2024

Stocks Keep Running as Inflation Fades and Apple Breaks Out

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Stocks are hitting new highs as inflation eases and Apple breaks out. The S&P 500 rose 1.6 percent between Friday, June 7, and Friday, June 14. It was the second consecutive positive week, and the...

Chart of the Day: Arista Networks Has Pulled Back

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Arista Networks jumped to a record high last month, and now it’s pulled back. The first pattern on today’s chart is the high-volume jump on May 8 after earnings and revenue beat estimates. Notice how...

Oil Plunges as Fundamentals Overshadow OPEC+ Cuts

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Energy traders are selling the news after OPEC+ kept oil production limited. Crude oil futures (@CL) fell about 3.6 percent to $74.22 on Monday, their lowest closing price since February 7. It also tied with...

Why Do Stocks Move? Learn 7 Catalysts That Drive Price Action in the Market

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The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article considers...

Bears Rejected: Nasdaq Reclaims Leadership on AI, Earnings Growth

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Strong earnings and optimism about rate cuts seem to be overpowering bearish news in the stock market. The S&P 500 rose less than 0.1 percent between Friday, May 17, and Friday, May 24. The index...

These AI Stocks Could Be Active With Nvidia Earnings Later Today

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Nvidia releases earnings today, and it could impact other stocks in the AI space. While per-share earnings are expected to increase about 8 percent from the previous quarter, attention could focus on demand trends. Some...

Chart of the Day: Exxon Challenges Short Term Resistance

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Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant...

Could This Week’s Events Get Walmart Moving Again?

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Walmart has been stuck in a tight range, and some events this week could trigger a move. The retail giant broke out to new record highs on February 20 before settling into a range between...

Stock Gains Widen as Investors Hope for Lower Inflation

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Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight...

Chart of the Day: Oracle May Have Found Support

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Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings...
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