Market Insights
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Cisco Is Pushing a Generational High
Cisco Systems has climbed as AI investment helps power growth, and some traders may think the move will continue.
Takeovers, Approvals, Drug Data: Positive News Grows as Biotechs Hold March 2020 Lows
Biotechnology stocks have pulled back dramatically, but positive news has been growing as the sector tries to stabilize at a historic level. Positive news has emerged on several companies in the industry, including takeovers, regulatory approvals and drug-trial data....
Options Traders Are Hedging After FedEx’s Historic Move
Big things are happening at FedEx, and one options trader is hedging against a small pullback. A block of 1,280 June 235 puts were purchased yesterday in the delivery company for $3.99. A matching number of June 225 puts were sold at the same time for $1.25, resulting...
Stocks Cross the Line Into ‘Bear Market’ as Inflation Worries Peak Before Pivotal Fed Meeting
Wall Street fell into a "bear market" on Monday as inflation worries inflicted broad damage across the S&P 500. Consider these facts about the selloff: The S&P 500 closed at 3750. That's 22 percent below its January high of 4819, crossing the 20 percent line...
Stocks Continue Lower As Inflation Spikes and the Market Looks for a More Hawkish Fed
Stocks are breaking down as investors prepare for the Federal Reserve to battle a historic inflationary spiral. The S&P 500 dropped 5.1 percent between Friday, June 3, and Friday, June 10. It was the biggest weekly decline since the correction accelerated in...
Finding Stocks That Haven’t Broken Down in 2022: TradeStation Tutorial
Most stocks have been sliding along with the broader market this year, but a handful of names haven't broken down. Today we'll consider ways to find them using TradeStation's desktop platform. The basic goal is to find companies closer to their 200-day moving averages...
Chart of the Day: Is This Semiconductor Stock Rolling Over?
Nvidia had a sharp countertrend rally two weeks ago, but now the chip giant may be rolling over. Prices jumped over $183 on May 27. They remained above that level and started making lower highs on June 2. That kind of descending triangle is a potential bearish...
Technology & Communication
Tesla Is Headed for Its Worst Month Ever As Elon Musk Veers Into the Twitterverse
Tesla is headed for its worst month ever as Elon Musk focuses on Twitter and China continues pandemic lockdowns. The electric-vehicle giant is down 26 percent in November through Monday's close. The only other month with a similar decline, according to TradeStation...
Is Advanced Micro Devices the Latest Esports Player?
Advanced Micro Devices (AMD) ripped to a five-month high on news it may be getting into esports. Alphabet (GOOGL) announced it will use the actively traded company's chips in its new Stadia cloud-based video-game service. That could make AMD a key player in a...
Lyft IPO Coming Next Friday, Seeking About $2 Billion
It's official: Ride-hailing company Lyft (LYFT) will hold its initial public offering (IPO) next Friday, March 29. The six-year-old tech firm plans to raise about $2 billion dollars selling 30.77 million shares for $62 to $68. The information was listed this morning...
Market Keeps Levitating amid Nirvana Conditions
Stocks keep levitating to new highs for the year, riding a wave of Nirvana-like conditions. The S&P 500 2.9 rose percent between Friday, March 8, and Friday, March 15. Not only was it the biggest weekly advance since the end of November. The index also seemed to...
Uber IPO in Sight as Banks Line Up
Uber's initial public offering (IPO), one of the most anticipated deals in history, is drawing near. "Uber hires more IPO underwriters as it prepares to go public," read the Reuters headline last night. The timing is reportedly flexible, with the possibility of...