Sectors
Tesla’s Incredible Strength Is Spreading Across the Automotive Sector

Tesla’s Incredible Strength Is Spreading Across the Automotive Sector

The success of electric-vehicle makers like Tesla and Nio is spreading bullishness across the entire automotive sector. The DJ Automobile Manufacturers Index ($DJUSAU) has gained 88 percent in the last three months. That's the biggest gain of more than 150 industry...

Market Pulse: Strongest Housing Numbers Since the Last Boom

Market Pulse: Strongest Housing Numbers Since the Last Boom

Housing is running at its strongest levels since the summer of 2006, according to numbers today. Here's today's report from the Commerce Department: December housing starts totaled 1.669 million (annualized). That beat the 1.56 million estimate and was the highest...

Tesla or General Motors? Check Out This Stunning Chart

Tesla or General Motors? Check Out This Stunning Chart

General Motors (GM) exploded higher last week after highlighting electric vehicles and the concept for a flying car. General Motors (GM), weekly chart, with relative strength bars compared with Tesla (TSLA). This chart compares the price action of GM with Tesla...

Market Pulse: Energy Hasn’t Done This Since the Pandemic

Market Pulse: Energy Hasn’t Done This Since the Pandemic

Energy is the top performing sector this year by a wide margin. The SPDR Energy ETF (XLE) has advanced 13 percent so far in 2021, compared with a 0.3 percent gain for the S&P 500. Hopes about the economy reopening and a rebound in China are obviously parts of the...

Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Banks Including JPMorgan and Citi Pull Back as Earnings Season Begins

Traders are taking profits in the banks as earnings season begins. JPMorgan Chase (JPM), Citi (C) and Wells Fargo (WFC) announced quarterly results today. While their numbers were mixed, their price action wasn't. All three had rallied into the reports as investors...

Airbnb Tries to Break Out as Recent IPOs Fly Ahead of Established Tech Names

Airbnb Tries to Break Out as Recent IPOs Fly Ahead of Established Tech Names

Airbnb and DoorDash are breaking out as investors shrug at old tech names like Facebook. ABNB rose 5.7 percent yesterday and DASH rose 3.1 percent. Both pulled back from their peaks but still had their highest closing prices ever. There weren't any clear catalysts for...

Intel Explodes Higher on New CEO. It Could Be a Very Big Deal

Intel Explodes Higher on New CEO. It Could Be a Very Big Deal

Intel just had a massive rally on some potentially huge news: Pat Gelsinger is the new CEO. Gelsinger was the chipmaker's chief technology officer until 2012. During that time, he was instrumental in key initiatives like the Xeon chip. The market hopes he can fix one...

Market Pulse: Materials and Construction Fly on Stimulus Hopes

Market Pulse: Materials and Construction Fly on Stimulus Hopes

Yesterday there was more evidence of big tech's fading importance: massive rallies in chemical stocks, industrial metals and construction firms. The Dow Jones Heavy Construction Index ($DJUSHV) jumped 8.3 percent on Wednesday. It outpaced the S&P 500 by 7.8...