Saturday, May 18, 2024
Retailers Crash as Unsold Merchandise Piles Up: Earnings This Week

Retailers Crash as Unsold Merchandise Piles Up: Earnings This Week

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Retail earnings are off to a bearish start as unsold merchandise piles up and shopping centers go quiet. Macy's (M) started things on a bearish foot yesterday. Not only did profit, revenue and guidance miss...

Some Inflation Hedging Stocks Are Still Down Big Despite Yesterday’s Hot Price Report

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Inflation is a hot topic after consumer prices jumped yesterday. However several companies that could benefit from the trend are still down big. Producers of metals like gold, copper, steel, iron ore and silver remain...

AI Boom Fades as Fundamentals Weaken: Earnings Recap

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Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits...

E-Commerce Giant Struggles After Bearish Price Gap: Chart of the Day

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Amazon.com rallied into its last earnings report, and crashed on a very weak outlook. Now traders may need to mind the price gap that resulted. So far, AMZN hasn't even tried to fill that chasm,...

Chart of the Day: Will Crude Oil Run Again?

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Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is the price area around 83.50. It represented the peak in...

Chart of the Day: Carnival Pushes a Key Level

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Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the...

Call Buyers Flock to Advanced Micro as Chipmaker Wins Business From Microsoft and Meta

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Advanced Micro Devices lit up the options market yesterday after being included in the world's biggest social network. The three busiest contracts across the entire options market were short-term AMD calls expiring this Friday, November...

Options Alert: Bears Are Targeting a 30-Year Low in the Top Cruise Operator

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Travel stocks like cruise ships have accelerated lower in the past month, and yesterday the options flow turned bearish in the biggest operator. Carnival (CCL) was especially active, with more than 126,000 puts changing hands....

Tech Stocks Break the Downtrend Despite a Hawkish Fed. Are the Bears Losing Control?

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Stocks just had their biggest rally in over a year as a broad cloud of bearishness began to lift, despite an increasingly hawkish Federal Reserve. The S&P 500 rose 6.2 percent between Friday, March, 11,...

How to Trade Apple During its Biggest Developer Event Ever

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America's most valuable company is making its next great leap forward. Are you keeping up? Apple (AAPL) just unveiled a new operating system (iOS 14) making it easier to manage apps, watch videos and interact...
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