It's been a rocky year for most telecom stocks, as evidenced by the price action of the iShares U.S. Telecommunications ETF (IYZ). The exchange-traded fund (ETF) has been exploring a channel of lower highs and lows since its early 2017 peak, and plummeted to a new annual low in early November, after Sprint (S) and T-Mobile (TMUS) called off their merger. Against this backdrop -- and with AT&T (T)...Read More
Amazon (AMZN) may be the ever-growing monolith of the online retail space, but it's hardly the only stock in the sector that's worth your attention. With the busy holiday shopping season kicking off this week, the shares of online retail hub Etsy Inc (NASDAQ:ETSY) just sent up a reliably bullish signal on the charts.Specifically, ETSY has had a lengthy stay above its 80-day moving average, and rec...Read More
Analysts are weighing in on cloud name salesforce.com, inc. (NYSE:CRM), Outback Steakhouse parent Bloomin' Brands Inc (NASDAQ:BLMN), and retail stock GameStop Corp. (NYSE:GME). Here's a quick roundup of today's bearish brokerage notes on shares of CRM, BLMN, and GME.Salesforce Stock Downgraded After Dismal Profit ForecastAnalysts were quick to weigh in on Salesforce.com, after the cloud concern u...Read More
U.S. stocks are trading close to breakeven in low-volume, pre-holiday action. Three stocks making moves today are e-commerce solutions company Baozun Inc (NASDAQ:BZUN), farming machinery concern Deere & Company (NYSE:DE), and Chinese machinery company Cleantech Solutions International Inc (NASDAQ:CLNT). Here's a closer look at what's moving shares of BZUN, DE, and CLNT.BZUN Falls After Third-Q...Read More
Analysts are weighing in on semiconductor specialist Marvell Technology Group Ltd. (NASDAQ:MRVL), cybersecurity expert Palo Alto Networks Inc (NYSE:PANW), and biotech stock Sangamo Therapeutics Inc (NASDAQ:SGMO). Here's what's moving shares of MRVL, PANW, and SGMO. Barlcays Upgrades Marvell StockBarclays is weighing in on Marvell Technology stock after the company's big M&A announcement earlier t...Read More
Dow Jones Industrial Average (DJIA) futures are trading above fair value ahead of what's expected to be a low-volume session. Nevertheless, a jam-packed economic calendar leaves plenty to digest for those lingering on Wall Street ahead of the Thanksgiving holiday. While early data showed durable goods unexpectedly fell 1.2% in October, the day's marquee event will be the 2 p.m. ET release of the...Read More
With retail stores opening on Thanksgiving, Cyber Monday becoming a thing, and websites running deals all weekend, Black Friday doesn't seem as momentous as it once was. In any case, it's a telling time for retail stores -- and retail stocks. News reports of lines and fist fights will emerge later this week, and they will be used to gauge consumer strength and the economy, in general. This made me...Read More
The comments above & below is an edited and abridged synopsis of an article by Jim RickardsThe physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China has banned the export of its 450 tons per year of physical production.Gold refiners are working around the clock and cannot meet demand. They are also having difficulty finding gold to refine as mini...Read More
It was a record-setting session on Wall Street today. Not only did the Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) hit record highs, but the S&P 500 Index (SPX) topped 2,600 for the first time ever -- and Goldman Sachsraised its 2018 target for the benchmark to 2,850, based on expectations for tax reform. Tech stocks led the path higher, while a strong batch of earnings reports...Read More
U.S. stocks have rallied to record levels today. Among those making the biggest moves are semiconductor stock Mellanox Technologies, Ltd. (NASDAQ:MLNX), transportation industry services provider Cubic Corporation (NYSE:CUB), and drugmaker Celsion Corporation (NASDAQ:CLSN). Here's a quick look at what's moving shares of MLNX, CUB, and CLSN. Starboard Stake Provides Tailwinds for Mellanox Techno...Read More
Tech stocks are leading the stock market rally today, and chipmaker Micron Technology, Inc. (NASDAQ:MU) is soaring right alongside its sector peers. At last check, the shares were up 3.8% to trade at $49.46 -- fresh off a 16-year high of $49.56 -- after Evercore ISI called Micron "the strongest stock within the [semiconductors and technology] group," and said the equity could surge another 25%. Op...Read More
The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) ended last week in the red, marking their first back-to-back weekly losses since August. What's more, the indexes haven't suffered a three-week losing streak since mid-2016 -- and it's not looking like another weekly loss is in the cards, with stocks at record highs. There have been just six calendar years in history where the Dow and...Read More
While "Grand Theft Auto" parent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) continues to bask in its earnings victory earlier this month, sector peer Electronic Arts Inc. (NASDAQ:EA) has found itself in hot water, after extensive backlash related to micro payments in its latest high-profile video game "Star Wars: Battlefront II". Below, we will check in with EA to see how the video game stoc...Read More
A tech rally and a relatively strong batch of corporate earnings are lifting U.S. stocks today. The Dow Jones Industrial Average (DJIA) is well into triple-digit-gain territory, and the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are rallying impressively, as well, with all three benchmarks notching record highs. The major indexes are on pace for back-to-back wins, even as trading volumes rema...Read More
ServiceNow Inc (NYSE:NOW) has been on a roll this year, adding 70% in 2017. The cloud stock has pulled back after hitting an all-time high of $129.56 on Oct. 23, but this pullback has been contained by the shares' rising 40-day moving average, which has served as support since mid-July. As such, it looks like a prime time to bet on the security's next leg higher. Despite NOW's surge up the char...Read More
U.S. stocks are surging this morning following a fresh round of earnings reports, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) fresh off record highs. However, jewelry maker Signet Jewelers Ltd. (NYSE:SIG), shoe peddler DSW Inc. (NYSE:DSW), and biotech Cytokinetics, Inc. (NASDAQ:CYTK) are three stocks currently short-sale restricted (SSR), after barreling lower this morning. Here's a c...Read More
Analysts are weighing in on media stocks -- and merger hopefuls -- Time Warner Inc (NYSE:TWX) and AT&T Inc. (NYSE:T), as well as fellow telecommunications name Verizon Communications Inc. (NYSE:VZ). Here's a quick roundup of today's bearish brokerage notes on shares of TWX, T, and VZ.Oversold Time Warner Stock BouncesTime Warner shares are up 0.6% to trade at $88.25, even as Barclays cut its pric...Read More
Analysts are weighing in on Dow stock Boeing Co (NYSE:BA), retailer Urban Outfitters, Inc. (NASDAQ:URBN), and cybersecurity expert Palo Alto Networks Inc (NYSE:PANW). Here's a quick roundup of today's bullish brokerage notes on shares of BA, URBN, and PANW. Jefferies Bumps Up Price Target On BA Stock Boeing stock is trading up 0.6% at $266.08 this morning, just below its Nov. 8 record high of $26...Read More
Dow Jones Industrial Average (DJIA) futures arehigher this morning, flirting with a triple-digit lead, after the index kicked off Thanksgiving weekin the black yesterday. S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are also pointed higher ahead of what should be another light-volume session. Traders are digesting the latest batch of earnings from the retail sector, with Urban Outfitte...Read More
The Dow Jones Industrial Average (DJIA) spent the day modestly higher, kicking off a historically low-volume holiday week with a gain. Investors cheered a rally in tech and telecom stocks, as well as stronger-than-expected economic data, which helped ease lingering concerns about tax reform. Meanwhile, the greenback gained ground against the euro in the wake of political uncertainty in Germany, se...Read More