Market Insights
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New Stocks Break Out as Volatility Fades
New kinds of companies are breaking out as AI transforms the stock market.
Technical Analysis: Have Chipmakers Already Bottomed?
Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....
Fear Could Be Evaporating After Another Cool Inflation Report
Inflation was lower than feared for the third straight month, and investors loved it. December's consumer price index (CPI) shrank 0.1 percent, compared with estimates for an unchanged reading. It followed cooler-than-expected readings for November and October,...
A Soft Landing? Why Stocks May Be Attempting a Turn as 2023 Begins
Stocks began the New Year with gains as investors see the potential for inflation to ease without a recession. The S&P 500 broke a four-week losing streak, rising 1.5 percent in the holiday-shortened period between Friday, December 30. Every major sector advanced,...
Options Alert: Trader Looks for More Upside in Chinese Tech Stock
Chinese technology stocks have been jumping, and one options trader is positioning for the move to continue. Check out this unusual activity this afternoon in e-commerce company JD.com (JD): Some 5,000 February 70 calls were purchased for $4.01.At the same time, the...
Chart of the Day: Is Oracle Attempting a Breakout?
Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday....
Worries About the Fed and Earnings Grew as 2022 Ended: December Recap
Stocks begin the New Year under a cloud of pessimism as investors brace for higher interest rates and lower earnings. The S&P 500 slid 5.9 percent in December, resulting in a 19 percent drop for all of 2022. It was the stock market's worst year since the 2008...
Technology & Communication
Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?
Chip stocks like Nvidia led the market to new highs last earnings season. The opposite could be happening this time. The Philadelphia Semiconductor Index fell 9.2 percent between Friday, April 12, and Friday, April 19. It was the index's biggest weekly drop in almost...
Tesla Takes Off as Other Major Technology Names Drift: Earnings This Week
Some big technology stocks have reported earnings in the last week, but investors mostly shrugged so far. The big gainer is Tesla (TSLA), which ripped 17 percent after showing a big turnaround in profitability. The improvement in its margins and cash flow give the...
Podcast: Looking Beyond Tech for 2020
Software makers and semiconductors have come under pressure recently as investors question their multiples. But unlike a year ago, new sectors like financials and industrials may be coming into favor.
Big Banks and Netflix Surprise to the Upside: Earnings This Week
Earnings season started on a strong foot as major banks reported surprising growth in their core businesses. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Morgan Stanley (MS), U.S. Bancorp (USB) and PNC Financial (PNC) all beat estimates in the last...
No More Growth? Triple Downgrade Rocks Software Space
Software stocks have been growth darlings for years, but doubts are growing on Wall Street. Yesterday three different investment banks made bearish calls on three different companies: Citi downgraded Adobe Systems (ADBE) to "neutral." The analyst thinks recurring...