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The Dow Jones Industrial Average (DJIA) finished lower and snapped a five-day winning streak, despite touching a fresh record high earlier in the day. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) followed the Dow lower in afternoon trading, hurt by struggling healthcare stocks andreports the Republican tax bill has encountered last-minute resistance. Specifically, two senators will rep...Read More
Since touching a record high of $117.65 in early November, the shares of Skyworks Solutions Inc (NASDAQ:SWKS) have dropped 19%. However, in the wake of the recent pullback in Apple suppliers -- exacerbated by bearish analyst attention today -- SWKS stock could be flashing a big "buy." Below, we'll take a look at the technical signal that's preceded pops for the tech stock in recent history.SWKS st...Read More
Overstock.com Inc (NASDAQ:OSTK) is ready to go all in on blockchain -- the technology behind bitcoin -- at least according to CEO Patrick Byrne. After the company yesterday announced its blockchain division will create a for-profit venture with Peruvian economist Hernando de Soto, Byrne told CNBCthat it is exploring three options to sell or reorganize the home goods e-commerce business. Here's a c...Read More
The shares of power provider NRG Energy Inc (NYSE:NRG) have pulled back since notching a two-year high of $29.78 about a month ago. However, if history is any indicator, bulls may want to buy the NRG stock dip -- or scoop up short-term calls, which are a relative bargain right now -- with the security sending up two "buy" signals recently.Signal 1: Pullbacks to 40-Day Have Been Buying Opportunitie...Read More
The Dow earlier hit another record high, as investors react to a busy day of economic data. Among the names making big moves are social media stock Twitter Inc (NYSE:TWTR), airliner Delta Air Lines, Inc. (NYSE:DAL), and brokerage services provider Siebert Financial Corp. (NASDAQ:SIEB). Here's a quick look at what's moving shares of TWTR, DAL, and SIEB. Call Options Popular as Twitter Stock Hits...Read More
The action across Wall Street could slow some during the last trading week before Christmas, but there should be enough economic data and important earnings releases to hold investors' attention. Most notably, a number of reports on the housing sector are set for release, as well as the final reading for third-quarter gross domestic product (GDP) on Thursday. On the earnings front, the main highli...Read More
Telecom and internet stocks are in focus today, with the Federal Communications Commission (FCC) expected to vote to repeal Obama-era net neutrality rules. The landmark ruling could lead to sweeping deregulation of the telecom and cable industry. If the Commission -- comprised of a Republican majority -- votes to walk back the rules today, it would be considered a victory for big telecom compani...Read More
U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) soaring to yet another fresh record high, continuing at full speed toward a fifth straight record close and sixth straight daily win. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are higher as well, with the market still digesting the plethora of economic data released earlier today, as well as yes...Read More
While Walt Disney (DIS) gets all the attention today following its big M&A announcement, investors may want to watch media stocks Viacom, Inc. (NASDAQ:VIAB) and Discovery Communications Inc. (NASDAQ:DISCA). That's because both will be removed from the Nasdaq-100 Index (NDX) next week, and data from Schaeffer's Senior Quantitative Analyst Rocky White shows that stocks have historically outperformed...Read More
Tech stocks, and in particular, those with exposure to the internet, are in focus today, with the Federal Communications Commission (FCC) expected to repeal the Obama administration's net neutrality rules. Ahead of the highly controversial decision, Google parent Alphabet Inc (NASDAQ:GOOGL) and streaming giant Netflix, Inc. (NASDAQ:NFLX) are both trading higher, continuing to bounce back after the...Read More
As we noted yesterday, investors have been dumping silver at a rapid-fire rate lately, with some attributing the abandonment to the rise of bitcoin. Whatever the motive, the latest Commitment of Traders (CoT) data shows large speculators reduced their net long exposure on silver by nearly 28,000 contracts in the week ended Dec. 5 -- the biggest one-week decline ever recorded, per Schaeffer's Quant...Read More
Since its June bottom below $50, Target Corporation (NYSE:TGT) has mostly traded in a channel of higher highs and lows. More recently, TGT stock has outperformed the S&P 500 Index (SPX) by 11.5 percentage points during the past month, and today the shares are up 0.5% to trade at $62.97. Brokerage firm MKM Partners sees more upside ahead, too, even though the retailer last month gave an ugly holida...Read More
Athletic wear stocks are in focus this morning, including sector peers Under Armour Inc (NYSE:UAA) and Hibbett Sports, Inc. (NASDAQ:HIBB). Each sporting goods stock (as well as blue-chip Nike) received attention from Deutsche Bank ahead of the bell, with the analysts saying their confidence in athleisure is considerably higher heading into 2018. Below, we'll take a look at how UAA and HIBB stocks...Read More
This morning, biotech stock Valeant Pharmaceuticals International, Inc. (NYSE:VRX) was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, although the brokerage firm issued a price-target hike to $12 from $10. Analysts cited Valeant's patent erosions and lofty earnings estimates over the next two fiscal years, as well as skepticism for specialty pharma in 2018 as reasons for the...Read More
Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is cleaning house following a disastrous 2017. The Israel-based generic drugmaker said it will cut its global workforce by 25% -- resulting in roughly 14,000 lost jobs -- and suspend its dividend payment on ordinary shares in an effort to cut costs by roughly $3 billion by the end of 2019. In reaction, TEVA stock is up 19.3% in electronic trading, set...Read More
U.S. stocks are ready to rally this morning, with futures signaling asurge for the Dow Jones Industrial Average (DJIA) -- which would mark its fifth straight record close. The S&P 500 Index (SPX) and Nasdaq-100 (NDX) are pointing to a big open, too, and there's a ton of economic data to digest today. Specifically, weekly jobless claims came in lower than expected this past week, with 225,000 peopl...Read More
There's an obscure market indicator that's confirming the strength of the lithium-ion battery revolution...Forklifts.Take a look around you for one minute... I'll wait.Everything you've just laid your eyes on was touched by a forklift at one point in its life.Or at the least the parts that went into creating all of the consumer products around you were touched by a forklift at one point. In fact,...Read More
LONDON, 14 December 2017 - Leading Indian finance channel CNBC-TV18 today interviewed BullionVault director of research Adrian Ash.Speaking with CNBC-TV18's commodities specialist Manisha Gupta by phone from London, "If you look at the last 3 years now," says Adrian, "we had a Fed rate hike in December, starting with the long-delayed hike of 2015, and that marked a low in the gold price."The same...Read More
LONDON, 14 December 2017 - Market-development organization the World Gold Council today publishes an exclusive article from BullionVault looking at the phenomenal jump in German gold investing over the last five years.Part of a German focus in the WGC's latest quarterly Gold Investor magazine, the analysis from BullionVault's German markets manager Steffen Grosshauser compares the behaviour of Ger...Read More