Market Insights
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Is Futures Trading Right For Me? Five Things You Should Know
What are futures? Futures contracts obligate the buyer to purchase or the seller to sell an asset at a predetermined price on a specified future date. While this is the core definition, it’s important to note that most futures traders do not intend to take physical...
Options Alert: Traders Hedge Bets in Volatile Sports Wagering Stock
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 15 calls for $1.59. There was no open...
Stocks Just Defied the Bears as Attention Shifts from Inflation to Earnings Season
Stocks are holding their ground as attention shifts from inflation to earnings season. The S&P 500 fell 0.9 percent between Friday, July 8, and Friday July 15. At one point the index was down as much as 4.6 percent, but prices rebounded and stayed within their...
Chart of the Day: DIY Giant Tries to Break Out Before Key Data
Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This is especially interesting because TradeStation data...
Is Inflation Peaking? Here Are Some Signs Prices May Be Cooling
Inflation has plagued the stock market all year, especially with two searing reports last week. But there could be signs of the price spiral coming under control. The first sign of cooling inflation is the drop in gasoline prices. The American Automotive Association...
A Key Semiconductor Stock Just Gave Tech Investors a Boost of Confidence
Chip stocks are an important part of the market because of their wide use across the economy. Yesterday, a key player gave investors a big shot of confidence in the group. Taiwan Semiconductor (TSM) gained almost 3 percent after announcing quarterly results. As its...
Giant Rate Hike Could Be on the Table as Inflation Keeps Growing
A brutal inflation report could lead to something unseen in more than a generation: a full percentage point interest-rate hike by the Federal Reserve later this month. The screenshot of CME's FedWatch tool below estimates market expectations for the target rate...
Technology & Communication
Chart of the Day: Alphabet Pulls Back After Earnings Rally
Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the...
Lyft IPO to Price Higher than Expected Due to Strong Demand
It will cost investors a little more than they thought to ride Lyft's (LYFT) initial public offering on Friday. The Wall Street Journal reported yesterday that the ride-sharing company has met with such strong demand for its IPO that the shares will likely price above...
Naysayers Hapless as Worst-Case Scenarios Prove Elusive
It's hard being a stock bear now because worst-case scenarios are simply not panning out. Take the economy. It was supposed to slow down because of trade wars and the fading "sugar high" from President Trump's tax cuts. On Wednesday, that had Federal Reserve...
Confidence Keeps Spreading in this Favorite Corner of Tech
Semiconductors are ripping as evidence keeps suggesting a rebound is coming soon. The Philadelphia Semiconductor Index ($SOX) has surged almost 9 percent since the beginning of last week. That's more than twice the gain of the broader S&P 500 over the same period....
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...