Market Insights
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‘Groundhog Day’ For Growth Stocks After Fed Meeting?
From fiber optics to quantum computing, investors seem to be rediscovering growth stocks following a period of value rotation.
Chart of the Day: Is it Prime Time for Amazon.com?
Amazon.com has retraced almost all of its pandemic gains. Is this an opportunity for buyers? Let's consider some chart patterns. First is the $101.79 level (split adjusted). It was a peak in July 2019 and a breakout area immediately before the coronavirus selloff in...
Recession Fears Swelled Last Week. Is That Good News for the Nasdaq?
Stocks fell again last week as recession worries increased, but there could be some positives as the second half begins. The S&P 500 fell 2.2 percent between Friday, June 24, and Friday, July 1. The decline finished another negative quarter, however a bigger story...
Every Tech Company in the S&P 500 Fell Last Quarter — Except July’s Mystery Stock
The technology sector just had its worst quarter in 14 years. Every member declined in the period -- except for July's mystery stock. The SPDR Technology Sector ETF (XLK) fell 20 percent between March 31 and June 30 -- its worst quarterly performance since late 2008....
AMD Was the Busiest Symbol at TradeStation for the Fifth Straight Month
Advanced Micro Devices made new lows in June, but it remained the most actively traded symbol at TradeStation Securities for the fifth straight month. AMD declined as investors shunned economically sensitive semiconductor stocks. It's lost more than half its value...
Technical Analysis: Discount Retailer Holds Gains as the Broader Market Tanks
The broader market has been super volatile lately, which makes the tranquil behavior of one retailer interesting: Dollar Tree. Notice how the discounter plunged on May 18 after Target's (TGT) poor quarterly results. Also notice how quickly it rebounded after its own...
Options Alert: Is this Airline Headed to a New 52-Week Low?
American Airlines has been losing altitude for the last two months, and now an options trader is looking for new 52-week lows. Check out this transaction in the carrier yesterday afternoon: A block of 9,947 July 13.50 puts was purchased for $0.64.An equal number of...
Technology & Communication
Options Alert: Call Spread Targets New Highs in AMD
Advanced Micro Devices has climbed in the last two weeks, and options traders are looking for more gains through mid-November. Heavy volume was detected yesterday in two calls expiring next month. The trades occurred in dozens of blocks between about 1pm and 3pm ET....
Retailers Rebound as Tech Traders Sell the News: Earnings This Week
The last week of earnings saw big rallies by old-fashioned retailers. Software companies also beat estimates, but failed to advance. Foot Locker (FL) led the charge by crushing consensus on its top and bottom lines. Same-store sales, a key metric showing the...
Chinese Tech Stocks Are Crushing the Nasdaq
Forget about trade wars. The big story with China this year may be the runaway rally in the country's technology sector. The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That's more than twice the gains of the...
Waiting for Uber IPO? Here Comes Yandex
Everyone's waiting for Lyft and Uber to go public. Did you know Russia's top Internet stock is also active in the ride-sharing space? Last month, Yandex (YNDX) reported 216 percent revenue growth for its Taxi division as ridership more than doubled. The service...
Stocks Pause at Key Levels Everyone’s Talking About
Stocks kept testing a key resistance level last week amid signs of a potential economic slowdown. The S&P 500 rose 0.4 percent between Friday, February 22, and Friday, March 1. That helped deliver a 3 percent gain for February. It was also the ninth positive week...