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Credit Suisse has taken a wild ride as investors worry about the iconic European lender. The Zurich-based investment bank's U.S.-listed shares began the week by knifing to a record low of $3.71, 75 percent below their February high. They quickly reversed and rallied...
Financials kick off earnings season next week, and one options trader is positioning for a breakout in the entire sector. Check out this large transaction in the SPDR Financial ETF (XLF), which holds major names like JPMorgan Chase (JPM) and Bank of America (BAC):...
After smooth sailing for most of the year, a series of negatives are hammering stocks as December begins. The S&P 500 is down 3.8 percent since Wednesday, November 24. While that might not sound like much, it's the biggest five-day drop since late October 2020....
The reopening trade is back with vengeance, with investors shifting to energy and financials as coronavirus infections plummet into yearend. The SPDR Energy Fund (XLE) has gained 20 percent since the market peaked on September 2. Financials (XLF) are up 5 percent over...
Goldman Sachs hit a new high late in the summer. Now after a healthy pullback, it may be ready to keep moving. The first pattern on today’s chart is the falling trendline that began on August 30. GS tried to break that resistance twice last month. It was rejected both...
Technology stocks like Apple are under pressure as higher interest rates sends investors back to "value stocks." In a replay of moves earlier in the coronavirus rebound, financials, energy and transportation companies are jumping. Technology, communications,...
The S&P 500 continues to hit new highs, but a strange mix of stocks is leading the advance. Pharmaceuticals, medical devices, insurers and food companies were some of the top performers yesterday. While many of these sectors may not interest retail investors, they...
Financial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out on the banking giant’s chart. First is its breakout above the 50-day moving average, followed by a pullback to hold that line. Next is...
The S&P 500 rose to a new record high last week, and investors could be positioning for another shift toward value stocks. The index advanced 0.9 percent between Friday, July 30, and Friday, August 6. Financials led the rally and had their best week relative to...