The Dow Jones Industrial Average (DJIA) notched another record high, and secured a fifth straight weekly gain, as traders cheered strong retail sales and a rally in tech stocks. The S&P 500 Index (SPX) also wrapped up a five-week winning streak -- its longest since February -- and, along with the Nasdaq Composite (IXIC), scored a fresh all-time high of its own. Stock traders remained optimistic in...Read More
The Dow Jones Industrial Average (DJIA), S&P 500 (SPX), and Nasdaq Composite (IXIC) all chalked up new record highs this week, even after the latter ended its nine-day winning streak Monday. The Dow and SPX are now set for a fifth straight weekly win, which would mark the S&P's longest since the first quarter.As big banks kicked off quarterly earnings season, the Fed was also in focus. The Sept...Read More
The S&P 500 Index (SPX) touched another record high today, and is within striking distance of its fifth straight weekly win. The last time the stock market index enjoyed a five-week winning streak was in the first quarter, and prior to that you'd have to go back to early 2016. As such, we decided to take a look at how the red-hot S&P tends to perform after five-week winning streaks.The longest eve...Read More
U.S. stocks are slightly higher today, with the Dow and S&P 500 on track for their fifth straight weekly win. Online restaurant delivery service GrubHub Inc (NYSE:GRUB) and food stock Hostess Brands, Inc. (NASDAQ:TWNK) are mired in lower sessions, while steel stock Cleveland-Cliffs Inc (NYSE:CLF) is enjoying a breakout performance. Here's a quick look at what is moving shares of GRUB, TWNK, a...Read More
Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are sliding for a second straight day, with traders possibly responding to a phase 3 trial update for Siliq -- a product of subsidiary Ortho Dermotologics. VRX stock was last seen 3.9% lower at $13.29, putting the equity on pace to close below its 200-day moving average for the first time in over a month. However, it bottomed out just above the...Read More
Commodities stocks BHP Billiton Limited (NYSE:BHP) and Teck Resources Ltd (NYSE:TECK) are trading higher today, thanks to mining sector tailwinds. What's more, both stocks recently bounced off key trendlines that have had bullish implications in the past. If history repeats itself, BHP and TECK stocks could be screaming "buy" right now.BHP Could Hit New Highs, If History RepeatsAt last check, BHP...Read More
Barclays this morning upped its price target on Bristol-Myers Squibb Co (NYSE:BMY) to $65 from $58, sending the shares to their highest point since their August 2016 bear gap. This comes after Guggenheim yesterday raised its price target to $75. At last check, BMY stock was up 0.4% at $65.60, earlier topping out at $66.10, putting it above a key technical level. For instance, the security is curre...Read More
It's no secret that buying call options is cheaper than buying a stock outright. For traders lookingto stretch their dollar even further while mimicking the risk/reward of stock ownership, there's an even better alternative: a synthetic long options strategy.What Is a Synthetic Long Options Strategy?This strategy provides investors an opportunity to simulate the payoff of a long stock positio...Read More
The Dow Jones Industrial Average (DJIA), Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are trading higher this afternoon, all threefresh from record highs, despite a mixed bag of bank earnings. Traders are also digesting the latest data on inflation and retail sales, as well as renewed threats of a missile strike on Guam from North Korea, and President Trump's plan to decertify the Iran nuc...Read More
AT&T Inc (NYSE:T) made headlines yesterday, warning that their third-quarter revenue and profit would be lower due to the influx of Hurricanes a month prior. This news cuts into a sector that has already been underperforming, according to Schaeffer's Senior Quantitative Analyst Rocky White. Only 36% of the stocks in our telecom sector are above their 80-day moving average -- tied for the lowest...Read More
Analysts are weighing in on fiber-optic communications concern Applied Optoelectronics Inc (NASDAQ:AAOI), as well as hospital stocks Tenet Healthcare Corp (NYSE:THC) and Community Health Systems (NYSE:CYH). Here's a quick roundup of today's bearish brokerage notes on shares of AAOI, CYH, and THC.Earnings Warning Sinks AAOI StockApplied Optoelectronics stock is down 21% at $46.51, after the company...Read More
U.S. stocks are trading higher this morning, en route to new record highsas third-quarter earnings roll in. Among the stocks making moves this morning are financial institution Bank of America Corp (NYSE:BAC), bank holding company Wells Fargo & Co (NYSE:WFC), and gene therapy concern Sparks Therapeutics Inc (NASDAQ:ONCE). Here's a closer look at what's moving shares of BAC, WFC and ONCE.Bank of Am...Read More
Analysts are weighing in on TV streaming platform Netflix, Inc. (NASDAQ:NFLX), software solutions provider HP Inc (NASDAQ:HPQ), and car maker General Motors Company (NYSE:GM). Here's a quick roundup of today's bullish brokerage notes on shares of NFLX, HPQ, and GM.Netflix Scores Price-Target Hikes Ahead of Earnings, Breaks $200Netflix stock is trading up 2.3% at $200.33, earlier hitting a record...Read More
Dow Jones Industrial Average (DJIA) futures are higher ahead of the bell, signaling another record high for the index, as traders weigh the latest round of bank earnings and economic data. Bank of America stock is pointed higher after earnings, while fellow financial concern Wells Fargo is headed lower. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are slightly higher as well,...Read More
The fight for marijuana legalization rages on, even in states where the issue has already been passed.Right here in Maryland, the progress of legal marijuana use may be stalled indefinitely as the very first growing licenses are put into question.In August of last year, 15 marijuana growers from across the state were awarded preliminary licenses to grow the crop for medicinal use. According to th...Read More
Just invest like Warren Buffett.C'mon, how many times has someone told you this before? He's the gold standard in investing, and I can't tell you how many times this sentiment is parroted to me on a daily basis.Not that I can blame them or anything. After all, the Oracle of Omaha has created an eye-popping $80.6 billion over the course of his 87 years.So when he quietly grabbed a stake in BYD just...Read More
Your decision to purchase this Limited Edition Silver Eagle will help breast cancer patients all over the United States not have to choose between food and medicine...Molly MacDonald was between jobs when she was diagnosed with early stage breast cancer in 2005. Unable to work to pay the mortgage and other bills while undergoing two surgeries and six weeks of daily radiation treatments, the mother...Read More
Despite notching record highs in intraday trading, the Dow Jones Industrial Average (DJIA), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) closed in the red today. Poorly received earnings from big banks like JPMorgan Chase and Citigroup pressured financial stocks lower, while AT&T's warning about third-quarter results weighed on telecom stocks. Meanwhile, traders digested President Trump's ex...Read More
Subscribers to Schaeffer's Option Advisor service recently scored a 100% profit from January 2018 82.50-strike Walgreens Boots Alliance Inc (NASDAQ:WBA) puts. Below, we'll break down why we were bearish on WBA and how the successful options trade unfolded. On Sept. 20, the Federal Trade Commission (FTC) approved Walgreens Boots Alliance's bid to buy roughly 42% of Rite Aid stores. The news sent W...Read More
U.S. stocks are slightly lower today, despite the Dow, S&P 500, and Nasdaq Composite all touching record highs earlier. Retail stocks Ethan Allen Interiors Inc. (NYSE:ETH), Williams-Sonoma, Inc. (NYSE:WSM), and Ulta Beauty Inc (NASDAQ:ULTA) are all having days to forget, amid sector headwinds. Here's a quick look at what is moving shares of ETH, WSM, and ULTA.Ethan Allen Stock Slides After Lowere...Read More