U.S. stocks appear ready to move on from the jittery risk-off session created by Fed Chair Jerome Powell's testimony yesterday. Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are all modestly higher, although not high enough to erase theirmonthly losses. This will mark the Dow and S&P 500's first monthly loss since March 2017. Elsewhere, investors a...Read More

Etsy Inc (NASDAQ:ETSY) reported earnings after the close yesterday and results widely topped expectations. The internet marketplace operator's top- and bottom-line figures blew past estimates in the fourth quarter, driven by more than $1 billion in gross merchandise sales (GMS). The full-year sales forecast was also stronger than analysts expected, prompting a few to upwardly revise their outlooks...Read More

This week I'm looking at broker recommendations provided by Zacks Investment Research. For each stock, we know the number of analysts in coverage along with their rating. Ratings can be "strong buy," "buy," "hold," "sell," or "strong sell." We generally look at ratings as a contrarian indicator because analysts generally follow stock prices rather than lead them. Therefore, when a stock is moving...Read More

All eyes were on Fed Chair Jerome Powell today for his first congressional testimony, and stocks tumbled as a result. Powell sparked a risk-off approach from investors by suggesting the central bank could raise interest rates more than three times this year, if necessary. He also said recent economic data gives him more confidence inflation will increase going forward. This resulted in rising bond...Read More

U.S. stocks have struggled today, as markets digest new Fed Chair Jerome Powell's latest comments in Washington, D.C. Among specific equities trading lower are drug store stock Walgreens Boots Alliance Inc (NASDAQ:WBA), generic drugmaker Akorn, Inc. (NASDAQ:AKRX), and health products retailer Vitamin Shoppe Inc (NYSE:VSI), Here's a closer look at what shares of WAG, AKRX, and VSI are reacting to...Read More

Retail stocks are in focus today, with shares of Macy's (M) and Dillard's (DDS) gapping higher after the department stores reported earnings earlier. Sector peers J C Penney Company Inc (NYSE:JCP) and Kohl's Corporation (NYSE:KSS) are both slated to unveil their quarterly results later this week, and options traders are blasting the equities this afternoon.J C Penney Options Traders Target April C...Read More

Drugmaker Valeant Pharmaceuticals Intl Inc (NYSE:VRX) will step up to the earnings plate before the open tomorrow. Despite a big earnings win for sector peer Mallinckrodt (MNK) today, the shares of VRX are down 0.5% to trade at $18.77 this afternoon. However, VRX stock has made huge moves after earnings, historically, and it looks like recent options buyers are betting on a rally soon.Looking back...Read More

Weight Watchers International, Inc. (NYSE:WTW) will report fourth-quarter earnings after tonight's close, and ahead of the event, the stock is trading down 2.7% at $69.69 on negative earnings reactions for sector peers NutriSystem (NTRI) and Vitamin Shoppe (VSI). WTW shares have a positive history of post-earnings price action, though, having closed higher the next day in six of the past eight qua...Read More

Volatility stormed back into the stock market in a big way in February, with the major market indexes kicking the month off with a correction. Of course, stocks have since rebounded from those lows, with the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) back within striking distance of all-time highs. Nevertheless, the pair of indexes are on pace to snap lengthy monthly win streaks --...Read More

Despite being slightly higher most of the morning, stocks have reversed lower at midday. Traders are eyeing new Fed Chair Jerome Powell's first Congressional testimony, where he hinted that four rate hikes could be on the horizon this year, if the economy and inflation continue to strengthen. With bond yields back on the rise,the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq...Read More

COF and PNC have been two of the best stocks to own in March over the last 10 yearsMarch has historically been a strong month for the financial sector, with the Financial Select Sector SPDR ETF (XLF) averaging a monthly gain of 3.4% over the past 10 years, per data from Schaeffer's Senior Quantitative Analyst Rocky White. Echoing this, data from Schaeffer's Quantitative Analyst Chris Prybal shows...Read More

Headlining another busy week is new Fed Chair Jerome Powell's first appearance before Congress. In addition, fellow central bankers James Bullard and William Dudley are slated to speak throughout the week. Another slew of earnings is also expected, withValeant Pharmaceuticals (VRX) leading a list of drugmakers set to report, and retailers including J. C. Penney (JCP), Foot Locker (FL), and Macy's...Read More

After buying Kate Spade back in October, Coach changed its name to Tapestry Inc (NYSE:TPR), and since then the stock has been on fire. In fact, TPR shares just touched a four-year high of $51.64 today -- likely enjoying a halo lift from Macy's (M) -- meaning they've now rallied over 33% since their early October lows. Maybe more importantly, the equity has cleared the $48 level, the site of a 2014...Read More

Shares of eBay Inc (NASDAQ:EBAY) have been on a tear, recently gapping above a trendline connecting higher highs since early 2017. This level coincides with the shares' rising 20-day moving average, which has acted as support since early December. Considering all this, the stock looks poised to add to its 15% year-to-date gain. Despite EBAY's technical strength, short sellers have continued to tar...Read More

Fitbit Inc (NYSE:FIT) stock is getting pummeled today, down 12% to trade at $4.89 -- and just off a new record low of $4.67 -- after the wearable tech maker reported fourth-quarter earnings and revenue short of expectations. The company also issued a disappointing forecast for the current quarter. In response, three brokerage firms issued price-target cuts, including to $5 from $6 at Morgan Stanl...Read More

Cincinnati-based retail chain Macy's Inc (NYSE:M) is soaring after the company reported stronger-than-expected fourth-quarter earnings early this morning. The results were helped by impressive same-store sales growth and a revamped loyalty program, and in reaction, the stock has gapped 11.9% higher to trade at $30.72 at last check -- territory not seen since last March.More broadly, M has gained m...Read More

Stock futures are sluggish this morning, with the Dow Jones Industrial Average (DJIA) poised for a potential breather following yesterday's 400-point surge. In prepared remarks ahead of a question-and-answer session before Congress, new Fed Chair Jerome Powell said, "Despite the recent volatility, financial conditions remain accommodative" for gradual rate hikes. Elsewhere, durable goods orders fe...Read More

Clovis Oncology Inc (NASDAQ:CLVS) last night reported an adjusted fourth-quarter loss of $1.27 per share on $17 million in revenue, with the latter number falling short of analysts' consensus estimate for $20.1 million in revenue. Wall Street was quick to chime in, too, with CLVS stock receiving price-target cuts from Barclays (to $85), BofA-Merrill Lynch (to $89), Stifel (to $110), and SunTrust R...Read More

Chipotle Mexican Grill, Inc. (NYSE:CMG) got a much-needed boost two weeks back when the company announced Taco Bell vet Brian Niccol as its new CEO. Baird certainly likes the hire, this morning upgrading Chipotle stock to "outperform" and boosting its price target to $400 from $315. The brokerage firm said Niccol is an "extremely talented leader" and touted his work at Yum! Brands (YUM) and Procte...Read More

The high-speed sell-off that rattled U.S. stocks during the two-week stretch from late January through early February resulted in a drop of 12.2% for the PowerShares QQQ Trust (NASDAQ:QQQ), measuring from its Jan. 26 intraday peak to its Feb. 9 intraday low. The magnitude of the decline was sufficient to bring QQQ briefly back in touch with a couple of longer-term, "under the radar" daily moving a...Read More