The iShares MSCI Spain Capped ETF (EWP) sold off earlier this month, after Catalonia voted to secede from Spain in an Oct. 1 referendum. While the exchange-traded fund (ETF) has since stabilized, the iShares MSCI Turkey ETF (TUR) is tumbling today on news the U.S. and Turkey have suspended visa operations for each other's citizens amid rising diplomatic tensions between the two nations. With both...Read More
The Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) both hit record highs this morning, but gains have so far been limited. The S&P 500 Index (SPX), in fact, has spent most of the day below breakeven, as traders take a wait-and-see approach ahead of third-quarter earnings season. Among individual equities, Dow stock General Electric (GE) is sharply lower today, continuing its desce...Read More
Analysts are weighing in on TV streaming service Netflix, Inc. (NASDAQ:NFLX), as well as bank stocks Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC). Here's a quick roundup of today's bullish brokerage notes on shares of NFLX, C, and BAC.Netflix Hits Record High on Analysts' High ExpectationsLast seen up 0.1% to trade at $198.21, Netflix stock earlier hit a record high of $199.40, after...Read More
Analysts are weighing in on healthcare firm Medtronic Plc (NYSE: MDT), video game stock Take-Two Interactive Software Inc (NASDAQ:TTWO), and biotech PTC Therapeutics, Inc. (NASDAQ:PTCT). Here's a quick roundup of today's bearish brokerage notes on shares of MDT, TTWO, and PTCT.Wells Fargo Downgrades MDT Stock Medtronic stock is down 2.9% to trade at $77.49, after Wells Fargo downgraded the hea...Read More
U.S. stocks are trading mixed this morning, with the Dow wavering in its early attempts to bounce back from Friday's loss. Among the stocks making moves this morning are pharmaceutical concern Flexion Therapeutics Inc (NASDAQ:FLXN), electric automobile company Tesla Inc (NASDAQ:TSLA), and surgical equipment specialist Mazor Robotics Ltd (NASDAQ:MZOR). Here's a closer look at what's moving shares...Read More
Dow Jones Industrial Average (DJIA) futuresare signaling a higher start -- with the blue-chip index set to resume its climb to record highs after Friday's rare loss. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also trading in positive territory, while the Nasdaq Composite (IXIC) could extend its daily win streak to 10. With today's earnings and economic calendars bare and the...Read More
"[L]ast week's SPY breakout above $250 -- which is equivalent to SPX 2,500, and coincides with SPY's Sept. 20 'Fed day' close at $250.06 -- paves the way for a continuation of a pattern we have seen for most of this year. That is, Federal Open Market Committee (FOMC) meetings where members vote to stand pat on interest rates have typically been followed by bullish price action."One source of fuel...Read More
TheDow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) snapped their historic winning streaks today, as Wall Street digested this morning's disappointing payrolls report. In addition, traders kept an eye on Tropical Storm Nate, as well as reports that North Korea is preparing to test a long-range missile. However, the Nasdaq Composite (IXIC) notched another record high in intraday trading,...Read More
It was another record-setting week on Wall Street, with the Dow bringing its winning streak to seven sessions, while the S&P 500 Index (SPX) and Nasdaq Composite (IXIX) strung together eight straight wins. Plus, the SPX extended its streak of record closes to six -- the longest in 20 years. While this signal could suggest intermediate-term outperformance for stocks, it's also preceded notorious st...Read More
Video game stock Activision Blizzard, Inc. (NASDAQ:ATVI) has garnered plenty of analyst attention this week. On Monday, Morgan Stanley said it expects the company's game sales to spark strong earnings growth over the next year. The following day, Barclays initiated coverage on ATVI stock with an "equal weight" rating and a price target of $65. This upbeat analyst attention comes amid the enter...Read More
U.S. stocks are trading lower this afternoon, with the Dow, S&P 500, and Nasdaq Composite all on track to snap their record-setting win streaks. Tech stock Switch, Inc (NASDAQ:SWCH) is making waves with its IPO, while biotech stock Intercept Pharmaceuticals Inc (NASDAQ:ICPT) and global consumer products stock Helen of Troy Limited (NASDAQ:HELE) are sinking. Here's a quick look at what is m...Read More
The Dow Jones Industrial Average (DJIA) is fresh off a seven-day winning streak, as well as its fourth straight all-time high. Today, the Dow is set to snap its winning streak, but could rally even harder than usual in the fourth quarter, if history is any guide. Against this backdrop, we're going to look at how the blue-chip index performed after previous seven-day winning streaks.The DJIA has en...Read More
This week, Alphabet Inc's (NASDAQ:GOOGL) Google announced plans for a smart video camera, capable of automatically recording photo-worthy actions, like a child smiling. Snapchat parent Snap Inc (NYSE:SNAP) is one of the stocks that turned lower on the news, with Google Clips set to compete with SNAP's Spectacles. Below, we will check in with SNAP stock, and see how recent options traders are vi...Read More
Major stock indexes have spent most of the day well below breakeven, putting the S&P 500 Index's (SPX) historic win streak in jeopardy. The Dow Jones Industrial Average (DJIA) and Nasdaq Composite (IXIC) are pacing to snap win streaks of their own, as well, though the latter index earlier notched a new all-time record high. This morning's dreary jobs report -- which showed the first monthly payrol...Read More
Analysts are weighing in on restaurant stock Yum China Holdings Inc (NYSE:YUMC), airline company Delta Air Lines, Inc. (NYSE:DAL), and manufacturing concern Navistar International Corp (NYSE:NAV). Here's a quick roundup of today's bullish brokerage notes on shares of YUMC, DAL, and NAV.Analyst Expects Record Highs For Yum China StockYum China stock is trading 0.5% lower at $39.82, after the compa...Read More
U.S. stocks are tradinglower this morning, after a surprise September jobs report. Among the stocks making moves this morning are membership warehouse Costco Wholesale Corporation (NASDAQ:COST), software company Synchronoss Technologies, Inc. (NASDAQ:SNCR), and technology powerhouse Apple Inc. (NASDAQ:AAPL). Here's a closer look at what's moving shares of COST, SNCR, and AAPL.COST's Shrinking Mar...Read More
Analysts are weighing in on LED specialist Cree, Inc. (NASDAQ:CREE), healthcare firm Mallinckrodt PLC (NYSE:MNK), and travel stock Spirit Airlines Incorporated (NASDAQ:SAVE). Here's a quick roundup of today's bearish brokerage notes on shares of CREE, MNK, and SAVE.Cree Stock Dips After DowngradeCree stock is down 2.4% to trade at $28.97, after a J.P. Morgan Securities downgrade to "underweight"...Read More
Dow Jones Industrial Average (DJIA) futures are signaling a lower open for stocks, as traders digest the nonfarm payrolls report for September. The Labor Department's data revealed a loss of 33,000 jobs for the month, due to the effects of Hurricanes Harvey and Irma, versus expectations of an increase of 90,000. It marked the first monthly jobs contraction since 2010. However, the unemployment rat...Read More
TheDow Jones Industrial Average (DJIA) notched yet another all-time high, as well as its seventh straight win, while the S&P 500 Index (SPX) extended its longest winning streak in four years -- and managed its sixth straight record close, marking the longest streak of that kind since 1997. As for the Nasdaq Composite (IXIC), the tech-rich index also wrapped up an eighth consecutive gain, for its l...Read More
U.S. stocks are trading higher again this afternoon, with the Dow, S&P 500, and Nasdaq Composite all notching fresh record peaks. Biotech Regeneron Pharmaceuticals Inc (NASDAQ:REGN) and pharma stock Biogen Inc (NASDAQ:BIIB) are soaring, while consumer lending name Navient Corp (NASDAQ:NAVI) is sinking amid fresh legal woes. Here's a quick look at what is moving shares of REGN, BIIB, and NAVI.Pralu...Read More