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Is This Stock the Next Tesla or Nio? Check Out This Technical Analysis

Is This Stock the Next Tesla or Nio? Check Out This Technical Analysis

Electric cars have been one of the most explosive industry groups in recent memory, and now traders may have another name to focus on: smart-vehicle maker XPeng. Several patterns stand out on the Guangzhou-based company’s chart. First, prices recently tested and held...

Here’s How to Be Ready the Next Time Stocks Pull Back

Here’s How to Be Ready the Next Time Stocks Pull Back

Stocks just had one of their sharpest pullbacks of the year, creating opportunities for investors able to quickly discover opportunities. The screenshot below shows TradeStation's Scanner tool. It's programmed to detect stocks trending upward before the crash that may...

Jerome Powell Stays Dovish: What It Means for Your Money

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...

Small Caps Are Struggling: Check Out This Technical Analysis

Small Caps Are Struggling: Check Out This Technical Analysis

The S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without a new record level. In contrast, the Dow Jones Industrial Average and Transports haven’t hit a new high in over two months....

Profits Could Jump How Much This Earnings Season?

Profits Could Jump How Much This Earnings Season?

Earnings season begins today with Goldman Sachs and JPMorgan Chase. It could feature the strongest profit growth in half a generation. Analysts on average forecast a profit increase of 64 percent for the S&P 500, according to FactSet. While that sounds impressive,...

Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing stocks have barely dropped this month, even as volatility swept the broader market. The iShares U.S. Home Construction ETF (ITB) closed yesterday just 2.6 percent below its 52-week high. The S&P 500 in contrast, is almost 8 percent below its peak. The...

Stocks Keep Sliding as the Technology Rout Continues

Stocks Keep Sliding as the Technology Rout Continues

Stocks kept falling last week as the rout in technology stocks continued. The S&P 500 slid 0.6 percent between Friday, September 11, and Friday, September 18. It was the index's third straight drop -- the longest stretch of declines since August 2019. The...

Are Apple and Tim Cook About to Copy Amazon Prime?

Are Apple and Tim Cook About to Copy Amazon Prime?

Apple is trying to shift from gadgets to services. Tomorrow could mark a big step in that evolution. The technology giant is apparently developing "Apple One" as bundled set of services like Amazon Prime. Details could emerge as early as 1 pm ET at Tuesday's "Apple...

Stocks Retreat Again. Is This the Pullback to Buy?

Stocks Retreat Again. Is This the Pullback to Buy?

Stocks fell again last week as investors took profits after five months of solid gains. The S&P 500 fell 2.5 percent in the holiday-shortened period between Friday, September 4 and Friday, September 11. It was the second straight negative week. Technology stocks...

Tesla Leads a Rebound in the Nasdaq as Buyers Defend Key Levels

Tesla Leads a Rebound in the Nasdaq as Buyers Defend Key Levels

Buy the dip. Buy the dip. Buy the dip. That was the mantra on Wall Street today. The Nasdaq-100 surged 3 percent, its biggest one-day gain since April 29. Tesla (TSLA), one of the most traded stocks in the entire market, led the bounce. Elon Musk's electric-vehicle...

Tesla Denied! Meet the Companies That Beat Elon Musk to the S&P 500

Tesla Denied! Meet the Companies That Beat Elon Musk to the S&P 500

One of the biggest events expected by investors didn't happen. Tesla wasn't added to the S&P 500. S&P Dow Jones Indices announced changes to the most important index on Friday afternoon. Three relatively small companies with a combined market capitalization of...

How Much Is Zoom Video Up Since its IPO?

How Much Is Zoom Video Up Since its IPO?

Zoom Video Communications just rallied to new record highs after the coronavirus pandemic fueled one of the most dramatic growth stories ever. ZM closed at $457.67 today. That's 1,171 percent above the $36 price where it went public just 16 months ago on April 18,...

Tesla and Apple Leap After Stock Splits. Will Amazon.com Follow?

Tesla and Apple Leap After Stock Splits. Will Amazon.com Follow?

Apple and Tesla jumped to new highs today after splitting their stocks. Will other big Nasdaq companies like Amazon.com follow? AAPL rose more than 3 percent and TSLA spiked over 13 percent. Their gains helped lift the the Nasdaq-100 to its ninth record level in the...