Market Insights
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Options Alert: Call Buyers Are Piling Into This Recent Tech IPO
Roblox was a prominent IPO in the spring. Now, after a rally and pullback, the bulls seem to be returning. Options traders purchased about 12,000 short-term 13-August 85 calls this morning. Premiums started at $0.40 and quickly shot above $2 as the orders piled in....
Like Cryptocurrencies? Check out the Price Action in this Bitcoin Mining Stock
Bitcoin miner Riot Blockchain has been skidding lower since February, but now it could be ready to move again. The main feature on its chart is its jump above the 50-day moving average on July 26. It’s formed a tight consolidation pattern above the line since. The...
Peak Earnings? Amazon.com, Facebook Make Tech Investors Worry It’s Downhill From Here
Major technology stocks like Amazon.com got a huge boost from last year's pandemic. Now investors are starting to worry their best growth is in the rearview mirror. Amazon.com's (AMZN) second-quarter revenue was just $113.1 billion, $2 billion less than analyst...
This Key Part of the Technology Sector Could Be Flashing Warning Signs: Chart of the Day
Semiconductors have been a key pillar of the S&P 500’s advance since 2016, and now they may be flashing a warning signal for the overall market. This chart of the Philadelphia Semiconductor Index shows how gains have been slowing all year. Prices have squeezed...
Stocks Are Climbing an Epic Wall of Worry as Earnings Blow Past Estimates
An old adage states that "bull markets climb a wall of worry." It's especially true now. The S&P 500 fell 1.6 percent last Monday, its worst drop in over two months. But it immediately rebounded, and climbed the next four sessions. That resulted in gain of almost...
Earnings Season Begins on a Strong Note, Thanks to Snap and Chipotle
Earnings season is off to a bullish start as companies like Snap, Chipotle Mexican Grill and Coca-Cola blitz past estimates. That variety of companies -- social media, casual dining and hospitals -- highlights the breadth of the stock market's earning power. It shows...
Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk
Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...
A Certain Chart Pattern Keeps Popping Up as Smaller Tech Stocks Come to Life
Last year saw dramatic rallies in smaller technology stocks like Nio and Snap. This month, several of those same companies have the same potentially bullish chart pattern. The table below lists companies whose 50-day moving averages recently crossed above their...
Jerome Powell Stays Dovish: What It Means for Your Money
The Federal Reserve emphasized its commitment to low interest rates yesterday, a move with potentially big implications for investors. "There is still a long way to go," before hiking rates, Fed Chair Jerome Powell told lawmakers in testimony. He added that...