The stock chart for JPMorgan Chase & Co. (NYSE:JPM) is looking quite bullish at the moment. Shares of the banking giant just bounced from the 100-day moving average, and also experienced a series of closes below their lower Bollinger Band. A similar setup occurred back in mid-May and early June, and resulted in a massive upside rally for JPM. Add to this the fact that bank stocks in general have...Read More
U.S. stocks are trading mixed this afternoon, with the Dow struggling to build on solid gains from the last two sessions. Among the names in the spotlight today are tech stock Western Digital Corp (NASDAQ:WDC), retail giant Target Corporation (NYSE:TGT), and biopharmaceutical company Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX). Here's a quick look at what is moving shares of WDC, TGT, and LXR...Read More
Unless you live under a rock, you're probably aware that Apple Inc. (NASDAQ:AAPL) debuted its highly anticipated line of new products yesterday. Along with the $999 iPhone X -- which won't be available until November, much to many analysts' dismay -- the company also unveiled another pair of iPhones, a new Apple Watch, a wireless charging pad, and Apple TV 4K. The shares of AAPL hit an intraday hi...Read More
The Dow Jones Industrial Average (DJIA) is slightly lower at midday,unable to build on the solid gains from the last two sessions. Apple's big iPhone reveal yesterday has done little for the stock, which at last check was trading in the red to lead the Dow laggards. Both the S&P 500 Index (SPX) and Nasdaq Composite (COMP) are also lower, though the former eked out another all-time high earlie...Read More
Wireless technology stock Energous Corp (NASDAQ:WATT) has been an intriguing speculative play on Wall Street in recent years. Interest in the shares increased dramatically at the end of 2016, following comments by the company's CEO that many interpreted to mean it was working with Apple. As it turns out, that's not the case, since Apple yesterday announced it's using Qi technology in the iPhone...Read More
Analysts are weighing in on electric car company Tesla Inc (NASDAQ:TSLA), tech concern Micron Technology, Inc. (NASDAQ:MU), and software company Oracle Corporation (NYSE:ORCL). Here's a quick roundup of today's bullish brokerage notes on shares of TSLA, MU, and ORCL. TSLA Target Hike is Faint PraiseBarclays raised its price target on Tesla stock to $210 from $165, even as the firm backed its "unde...Read More
Analysts are weighing in on oil-and-gas issue Whiting Petroleum Corp (NYSE:WLL), healthcare firm Mallinckrodt PLC (NYSE:MNK), and airline stock American Airlines Group Inc (NASDAQ:AAL). Here's a quick roundup of today's bearish brokerage notes on shares of WLL, MNK, and AAL.Whiting Petroleum Stock Shrugs Off Morgan Stanley DowngradeWhiting Petroleum stock has turned 1% higher to trade at $4.4...Read More
After two big days, U.S. stocks look set to cool off today. Among specific stocks in focus are retailer Nordstrom, Inc. (NYSE:JWN), healthcare company Centene Corp (NYSE:CNC), and crane manufacturer Terex Corporation (NYSE:TEX). Here's a quick look at what's boosting shares of JWN, CNC, and TEX. Nordstrom Reportedly Being Taken Private by Leonard GreenNordstrom stock is up 5.2% before the bell...Read More
After finishing yesterday at its highest close ever, the Dow Jones Industrial Average (DJIA) is set to open lower this morning, with Apple stock signaling a negative start after yesterday's big iPhone reveal. Futures are also lower as traders digest the latest round of wholesale inflation data. The producer price index (PPI) rose 0.2% last month, compared to the estimated 0.3% rise, due to highe...Read More
After five years of declines, copper prices stabilized in 2016, and have surged higher recently, now approaching a three-year high. The metal is used for many things, including factories, electronics, and power generation. Due to its wide use across many sectors, copper is often considered a leading indicator of economic activity. Naturally, this could be an argument for higher stock prices going...Read More
JP Morgan CEO Jamie Dimon commented that he thinks Bitcoin is a fraud, and that “it will eventually be closed.”CNBC continues its amazing economic news coverage with his interview.Yes, the CEO of a major financial institution thinks Bitcoin will be “closed.”Look, however unlikely, it is possible that the Bitcoin price goes to $0. It is not, however, anywhere within the re...Read More
Scott Gibson Vs Kay Jutler - Kamikaze ProRead More
JP Morgan CEO Jamie Dimon commented that he thinks Bitcoin is a fraud, and that “it will eventually be closed.”CNBC continues its amazing economic news coverage with his interview.Yes, the CEO of a major financial institution thinks Bitcoin will be “closed.”Look, however unlikely, it is possible that the Bitcoin price goes to $0. It is not, however, anywhere within the re...Read More
Scott Gibson Vs Kay Jutler - Kamikaze ProRead More
The U.S. stock market rallied once again, with the S&P 500 Index (SPX) hitting fresh record highs and the Dow Jones Industrial Average (DJIA) expanding on Monday's huge surge -- thanks in large part to a bank rally and Pfizer's big day. Stocks got an early boost from Treasury Secretary Steve Mnuchin, who predicted tax reform would get done by the end of the year. The Nasdaq Composite (COMP...Read More
September is historically been a weak month for the Health Care Select Sector SPDR Fund (XLV). According to data from Schaeffer's Quantitative Analyst Chris Prybal, the fund has averaged a 1.7% loss in September since its inception. Nevertheless, XLV is bucking this bearish trend so far this month -- thanks in part to a big surge for Pfizer -- up 2.4% since its Aug. 31 close to trade at $93.25, a...Read More
Health foods retailer United Natural Foods, Inc. (NASDAQ:UNFI) will report earningstomorrow night. While earnings season has mostly wrapped up, UNFI's report will be of interest, considering Amazon's successful foot traffic with Whole Foods after its price cuts. Below, we will take a look at United Natural Foods' earnings history, and how investors are trading the equity.At last check, UNFI stoc...Read More
Pfizer Inc. (NYSE:PFE) is popping today, following several of its fellow biotech stocks higher. At last check, PFE shares were up 3% to trade at $35.37, and earlier hit a 13-month high of $35.75. Bullish options traders are flooding the Dow stock, too, with one trader eyeing even higher highs over the next several months.With around two hours left in the trading session, nearly 132,000 PFE calls h...Read More
U.S. stocks are trading higher this afternoon, with the S&P 500 Index (SPX) setting a new intraday record, thanks to a rally in financial stocks. Among the names in the spotlight today are biotech stock Aldeyra Therapeutics Inc (NASDAQ:ALDX), medical device maker Aethlon Medical, Inc. (NASDAQ:AEMD), and biotech company Intercept Pharmaceuticals Inc (NASDAQ:ICPT). Here's a quick look at what...Read More