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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,...
CME Launches Micro Crude Oil Futures With Energy Challenging Multiyear Highs
Investors just got a new tool for trading energy as prices surge: micro contracts on CME's Group's WTI crude oil futures. The new product began trading last night under the symbol root "MCL." It will represent 100 barrels of crude oil, one-tenth the standard WTI...
Memory Chip Maker Holds Key Level as Market Rebounds: Chart of the Day
This week was cut short by Independence Day. That makes it a good time to view Micron Technology (MU), which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three...
Eurex Micro Futures Are Now Available on TradeStation
You don't have to fly to Frankfurt this summer to trade the European markets. Eurex has recently introduced new micro futures contracts on major international benchmarks like the German Dax and Euro STOXX 50 index. The new Eurex products join micros on CME products...
This Retailer Keeps Reinventing Itself. Can you Guess July’s Mystery Stock?
The last year has been the worst of times for traditional retailers, but also the best of times. That's especially true for a company like today's mystery stock. It rose 94 percent between December 31 and June 30, making it No. 3 performer in the S&P 500 during...
Is Energy’s Long-Term Downtrend Resuming?
Energy stocks have rallied since November, but signs of exhaustion could be appearing. The SPDR Energy ETF (XLE) fell more than 3 percent today and is the market's worst-performing sector fund in the last two weeks. The selling comes despite crude oil prices hitting a...
Amazon.com Could Be Preparing for a Breakout: Technical Analysis
Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of...
Prices Have Been Rising. Here’s Why it Might Be Good for the Stock Market
Spiking lumber prices had everyone scared of inflation earlier this year. But now the trend could be turning into a big positive for the stock market. Two important things have happened since the big scare in early May: Major commodities including lumber, corn and...
Housing Stocks Could Be Trying To Turn: Chart of the Day
Homebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside. The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price...
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,...
CME Launches Micro Crude Oil Futures With Energy Challenging Multiyear Highs
Investors just got a new tool for trading energy as prices surge: micro contracts on CME's Group's WTI crude oil futures. The new product began trading last night under the symbol root "MCL." It will represent 100 barrels of crude oil, one-tenth the standard WTI...
Memory Chip Maker Holds Key Level as Market Rebounds: Chart of the Day
This week was cut short by Independence Day. That makes it a good time to view Micron Technology (MU), which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three...
Eurex Micro Futures Are Now Available on TradeStation
You don't have to fly to Frankfurt this summer to trade the European markets. Eurex has recently introduced new micro futures contracts on major international benchmarks like the German Dax and Euro STOXX 50 index. The new Eurex products join micros on CME products...
This Retailer Keeps Reinventing Itself. Can you Guess July’s Mystery Stock?
The last year has been the worst of times for traditional retailers, but also the best of times. That's especially true for a company like today's mystery stock. It rose 94 percent between December 31 and June 30, making it No. 3 performer in the S&P 500 during...
Is Energy’s Long-Term Downtrend Resuming?
Energy stocks have rallied since November, but signs of exhaustion could be appearing. The SPDR Energy ETF (XLE) fell more than 3 percent today and is the market's worst-performing sector fund in the last two weeks. The selling comes despite crude oil prices hitting a...
Amazon.com Could Be Preparing for a Breakout: Technical Analysis
Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of...
Prices Have Been Rising. Here’s Why it Might Be Good for the Stock Market
Spiking lumber prices had everyone scared of inflation earlier this year. But now the trend could be turning into a big positive for the stock market. Two important things have happened since the big scare in early May: Major commodities including lumber, corn and...
Housing Stocks Could Be Trying To Turn: Chart of the Day
Homebuilders have pulled back following a big rally. Now the chart could be lining up for another move to the upside. The Philadelphia Housing Index has been finding support at its 100-day simple moving average for the last two weeks. It’s also been holding a price...
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?
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...
5 Big Milestones Last Week as Stocks Flew to New Highs
Stocks rose again last week as investors focused on technology companies and looked for the economy to rebound from the coronavirus pandemic. The S&P 500 rose 3.3 percent between Friday, September 21, and Friday, September 28. It was the biggest weekly gain since...
Apple and Tesla Are Splitting Their Shares. Here Are Key Details for Stock and Options Traders
Apple and Tesla are about the split their shares. Here are the key details you need to know. Both operations take effect using the official closing price on Friday, August 28. (The cutoff is technically 8 p.m. ET.) Investors with positions in the stock or options will...
Stocks Reclaim Old Highs, Led by Breakouts in Apple and Tesla
Stocks pushed back above their pre-Covid highs last week, with big technology companies like Apple and Tesla leading the charge. The S&P 500 rose 0.7 percent between Friday, August 14, and Friday, August 21. It was the index's fourth straight positive week,...
E-Commerce Breakouts! Target and JD.com Explode Higher: Earnings This Week
If you want to know the week that e-commerce officially took over the world, this might have been it. Companies including Minneapolis-based Target (TGT), Beijing-based JD.com (JD) and Singapore-based Sea (SE) rode strong digital trends to new record highs. Meanwhile,...
5 Sports Betting Stocks to Watch Before Football Season Begins
Barely two years ago, sports betting was legalized in the United States. Now investors are getting excited about sports-betting stocks with football season less than a month away. Roundhill Sports Betting ETF (BETZ) hit a record price yesterday and has made new...
Stocks Are Snoozing as the Dog Days of Summer Begin
Stocks drifted higher last week as investors nibbled on lagging sectors. Still, activity is slowing as the summer lull begins. The S&P 500 rose 0.6 percent between Friday, August 7, and Friday, August 14. It was the third straight positive week. The index has now...
Big Shifts Could Be Happening as the Stock Market Keeps Climbing a Wall of Worry
Stocks began August on a strong footing, with some potentially big changes happening in the market. The S&P 500 rose 2.5 percent between Friday, July 31, and Friday, August 7. The index has now retraced its entire decline since the coronavirus selloff began in...