Investors piled into several Magnificent Seven stocks this week but only one of them made it to a new high. Meanwhile, Nvidia (NVDA) rival Broadcom (AVGO) surged over 20% and hit its all-time high after its quarterly results came out late Thursday. And Meta Platforms (META) is in a buy zone. The AI chip leader…
The Dow Jones Industrial Average and the other major indexes rose in morning trading Wednesday. Salesforce (CRM) led the Dow after its positive earnings report late Tuesday. Other earnings movers on the stock market today include Marvell Technology (MRVL) and Okta (OKTA). The Dow Jones index notched a 0.3% gain and is nearing the 45,000…
Meta Platforms (META) broke out of a flat base and is in a buy zone. The Facebook parent climbed to a record high. The stock started to climb after Meta Platforms CEO Mark Zuckerberg met with President-elect Donald Trump on Nov. 27 at Trump’s Mar-a-Lago home. The Magnificent Seven stock ranks No. 1 out of…
Some oil stocks remain strong despite the general market pullback after the postelection rally. Enterprise Products Partners (EPD) and Riley Exploration Permian (REPX) are two energy plays that reached new highs on Friday and both stocks are in or near buy zones. Energy stocks, including oil exploration and drilling names, have rallied since Donald Trump…
Costco Wholesale (COST) and Insulet (PODD) both broke out of flat bases and reached highs Friday. Costco stock is on track for its sixth straight day of gains, while Insulet soared after the company’s earnings report. Costco shares climbed 1.6% Thursday after the wholesale warehouse retailer late Wednesday reported October sales that grew 7.2% over…
Online retailer MercadoLibre (MELI) sits solidly in a flat base with the company’s earnings report around the corner. Sometimes referred to as the Amazon.com (AMZN) of Latin America, MercadoLibre operates the largest online marketplace in Brazil, Mexico, Argentina and 15 other Latin American countries. It reported 57 million unique active buyers on its e-commerce platform as…