Tuesday, May 7, 2024
Bull in ring

More Techs Coming to Life

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Tech stocks keep jumping as stocks nudge higher. Yesterday, we covered how names like Apple (AAPL) and Cisco Systems (CSCO) were sneaking to new highs. Today that trend continued as other prominent technology stocks also...

Someone Just Made a Killing in this Software Stock: Options Recap

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Someone made a killing in a cloud-software company. Just look at the options. Call volume spiked yesterday in Workday (WDAY), which shot to a new all-time high on Tuesday and is up 23 percent in...

Big Caps on the Move: Scanning for Breakouts in the Dow

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It's pretty quiet today as stocks drift aimlessly before Labor Day. Dog days of summer? More like the sloth days ... Still, some members of the Dow Jones Industrial Average are melting to new highs...

Last Week Shows Records Were Made to Be Broken

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As the saying goes: Records were made to be broken. Just take the market last week. The S&P 500's decade-long bull run surpassed the lifespan of its previous upward journey in the 1990s. Another record...

New Companies Back on the Rise

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Back in the spring, there was a wave of bullishness in initial public offerings. After a few pullbacks, some of those companies are pushing higher again. Take a name like ZScaler (ZS), which provides cloud-computing...

Goldilocks Drives S&P 500 to New Highs

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If the longest bull market in history had a patron saint, it would be Goldilocks. This Wednesday marked the 3,453rd session in the uptrend that began on March 9, 2009. That outlasted the earlier run...

Calls Spike as Small Cap Goes Mobile: Options Recap

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Last month, Market Insights highlighted a surging maker of smart-phone games. Yesterday, options traders lit up the name. Here's a breakdown of the large transactions detected in Glu Mobile (GLUU): A block of 5,500 September...

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...

Looking Behind the Numbers as Stocks Test Old Highs

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The S&P 500 hit a new all-time high yesterday, slightly above its previous record in January. Many things have changed since that previous peak. Then, stocks drifted upward in a mindless and complacent bubble. Now,...

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...
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