Market Insights
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Hawkish News Is Slamming the Stock Market
Stocks keep falling as hawkish news and rising yields hammer sentiment. The S&P 500 declined 1.9 percent between Friday, January 3, and Friday, January 10. (There were only four sessions because of former President Jimmy Carter's memorial.) It was the fourth drop...
Bitcoin Remains Strong, Shoots for Historic Highs
Summary Bitcoin (BTC) eclipses old highs from 2019.Pfizer (PFE) vaccine announcement lifts global markets. Bitcoin (BTC) bulls kept their feet on the gas this week, lifting the world’s largest cryptocurrency to a fourth straight week of gains. Four weeks ago, BTC...
Strong Results, But Few Breakouts: Earnings This Week
Several companies reported earnings this week, but few broke out. Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD)...
Market Pulse: Boeing’s 737 Max Could Fly Again Next Week
Boeing (BA) was struggling with the 737 Max long before the coronavirus pandemic slammed the stock lower. But now that cloud could be lifting. Reuters reported on Monday that the U.S. Federal Aviation Administration (FAA) could lift its grounding of the key aircraft...
Market Pulse: Apple vs. the Russell! Will ‘Value Stocks’ Keep Leading?
Recent sessions have shown a clear shift toward "value" stocks that would benefit from the coronavirus pandemic going away. The Nasdaq-100, e-commerce and software have lagged as energy. Financials, industrials and the Russell 2000 (IWM) have ripped higher. However...
Social Media Success Story: Align Technology Makes Braces Cool
Social media platforms like Snap and Pinterest spiked on higher engagement this earnings season. Another stock company to benefit was orthodontic company Align Technologies (ALGN). The maker of Invisalign has rallied more than 30 percent in the last month after...
Market Pulse: Tesla Is Suddenly Lagging General Motors
Everyone knows Tesla (TSLA) has been one of the strongest stocks of 2020. But its gains have slowed in the last two months. It's now actually lagging General Motors (GM) on a trailing three-month basis. Two diverging forces are at work. TSLA's last quarter was decent...
Technology & Communication
Technical Alert: Death Cross in Netflix
The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...