Wednesday, June 7, 2023

Tangle of Bad News Continues

Stocks are taking another hit on Thursday as a tangle of bad news continues to unfold. It's appearing on several fronts now, potentially confirming worries about the economy, trade and the technology sector. Economics Several negative stories...

Here’s How Amazon Is Changing the Job Market

Regardless of how this week's big jobs report turns out, one thing seems certain: E-commerce is transforming big parts of the U.S. job market. Consider the dramatic rise of warehouse employment over traditional brick and...

Guess What Index Just Had a Great Week

Transportation stocks just had their best week in a year. The Dow Jones Transportation Average ($DJT) advanced 4.35 percent since the close on Friday, November 23. Big names like Union Pacific (UNP), Delta Air Lines (DAL)...

Can This Social Media Stock Double in the Next Year?

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...

Popular Chip Stock Holds Key Level Into G20

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

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...

This Forgotten Industry Is Quietly Shining

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

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...

Options Trader Braves Volatility in Media Giant

Damn the volatility -- full speed ahead. That seemed to be the message from one big options trader in Comcast (CMCSA) yesterday: A block of 5,669 23-November 35 puts was bought in the middle of...

Showdowns in Tech: Battle for the Cloud

The world of technology is all about disruption, and now a fight is brewing in the cloud. Microsoft (MSFT) is making serious efforts to enter the world of "cloud computing," the business of large companies...
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