Sectors
Big Tech Goes to Capitol Hill for Busy Day of Hearings

Big Tech Goes to Capitol Hill for Busy Day of Hearings

Big technology companies face not one. Not two. But, three hearings in Congress today. Representatives from Facebook (FB), Alphabet (GOOGL), Amazon.com (AMZN) and Apple (AAPL) are scheduled to appear before the House of Representatives and Senate today. The committees...

Cannabis Stocks Lagging Sharply as Bad News Piles Up

Cannabis Stocks Lagging Sharply as Bad News Piles Up

The S&P 500 is pushing to new highs, but cannabis stocks aren't so lucky. Well known names like Canopy Growth (CGC), Cronos (CRON) and Aurora Cannabis (ACB) are down at least 4 percent so far today. The industry-tracking Alternative Harvest ETF (MJ) is also on...

South American Oil Giant Gets Big Vote of Confidence: Options Recap

South American Oil Giant Gets Big Vote of Confidence: Options Recap

Brazilian markets are running higher, and yesterday an investor placed a big vote of confidence in the nation's most important stock. A large put sale occurred in Petrobras (PBR) minutes after the opening bell. The transaction was unusually bullish, looking for the...

Oil Back Over $60 as Bearish Story Fades

Oil Back Over $60 as Bearish Story Fades

Oil crashed less than two months ago as bearish factors piled up. Now the process seems to be going into reverse. Crude oil futures (@CL) held above $60 on Wednesday for the first time since May 22. The price also rallied through its 50- and 200-day moving averages in...

IPO Insider: Market Set for Busy Summer Following Big Quarter

IPO Insider: Market Set for Busy Summer Following Big Quarter

The initial public offerings (IPOs) are surging as a new generation of technology and health-care stocks join the market. Roughly $32.5 billion of deals priced between April and June, according to ClickIPO. That made it the most active quarter since July-September of...

Trio of FANG Stocks Flirts With Breakouts as Big Events Approach

Trio of FANG Stocks Flirts With Breakouts as Big Events Approach

Remember FANG stocks? Three members of this elite club may be flirting with breakouts before some big events. Netflix (NFLX), Facebook (FB) and Amazon.com (AMZN) are less than 1 percent from their highs for the year. The trio has quietly outperformed the broader...

Options Trader Looking for Volatility Spike in Key Airline

Options Trader Looking for Volatility Spike in Key Airline

Someone thinks activity is going to get more interesting in the world's biggest airline. Options activity spiked in American Airlines (AAL) yesterday, with one transaction accounting for more than half the volume. Here's what happened in a single second during the...

Bull Markets Climb a Wall of Worry, Once Again

Bull Markets Climb a Wall of Worry, Once Again

"Bull markets climb a wall of worry." The old adage proved true again today as the S&P 500 breaks out to new highs. Investors ended last week fearing higher tariffs against China before the G20 Summit in Osaka. Then President Trump withdrew the threat after...

Disney, Microsoft Led the Dow Higher in the Second Quarter

Disney, Microsoft Led the Dow Higher in the Second Quarter

Today's the last day of the second quarter. A pair of blue-chip disruptors led the market higher during the period. Walt Disney (DIS) and Microsoft (MSFT) were the best performers in the Dow Jones Industrial Average since the end of March. DIS surged 25 percent as it...

Gold Miners Soar as Federal Reserve Puts the ‘Bull’ Back in Bullion

Gold Miners Soar as Federal Reserve Puts the ‘Bull’ Back in Bullion

Monetary policy is changing, and it's fueling a monster rally in gold-mining stocks. The Market Vectors Gold Miners ETF (GDX) has gained 18 percent since the beginning of June. That puts it on pace for the biggest monthly gain since April 2016. "Uncertainties about...