Thursday, May 16, 2024

Videogame Slowdown Is the Latest Negative to Hit Semiconductor Stocks

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Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...

Stocks Keep Advancing as Economic, Inflation Hopes Draw Investors Back to the Market

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Stocks advanced again last week as inflation-wary investors keep inching back into the market. The S&P 500 rose 0.36 percent between Friday, July 29, and Friday, August 5. It was the third straight weekly advance,...

Options Alert: Big Investor Adjusts Upside Trade In Ford Motor

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Ford Motor has jumped as its business roars back to life, and one options trader is giving the automaker more room to run. Check out this unusual options activity in F this morning: Some 20,000 August...

Technical Analysis: Exxon Mobil Could Be Stalling

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Energy stocks have dominated the market this year, but now the biggest of the bunch is showing signs of weakness: Exxon Mobil. The first pattern on today’s chart is the jump following strong quarterly results...

Chart of the Day: Chinese Electric Car Stock Rallies and Pulls Back

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Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It...

Options Alert: Mega Call Spreads Target Historic Level in Brazilian Energy Stock

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For the second session in a row, options traders targeted a key level in South American oil driller Petrobras. Check out this large bullish call spread Monday in Rio De Janeiro-based PBR: A block of 40,000...

Stocks Muscle Higher as Rate Hike Looms and Earnings Stream In

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Stocks are muscling higher before one of the busiest weeks of the year, packed with key earnings and a major Federal Reserve meeting. The S&P 500 rose 2.5 percent between Friday, July 15, and...

This Food Stock Broke Out to New Highs. Now It’s Pulled Back

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General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only...

Energy Could Be Stabilizing as Focus Shifts to European Natural Gas Crunch

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Energy stocks fell sharply in June as investors took profits on 2022's best-performing sector. Now they could be stabilizing as inventories tighten and Europe faces potential shortages. The S&P Energy Select Sector Index ($SIXE.X) rose...

Options Alert: Traders Hedge Bets in Volatile Sports Wagering Stock

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Someone could be hedging their bets in sport-betting stock DraftKings (DKNG). Check out this options activity yesterday morning: A trader purchased 27,000 October 10 puts for $0.94.At the same time, he or she sold 27,000 October...
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