Qualcomm (QCOM) is down 22% in the last six months and is below declining 50 and 200-day moving averages. Since stocks tend to trend and indexes are under some mild pressure, a move lower, or at best sideways, is a reasonable expectation for Qualcomm stock. We can set up a bear call spread option strategy…
The timing of Oracle‘s (ORCL) upcoming fiscal Q2 earnings report couldn’t be better. Breadth has broadened out as the major stock indexes trade near all-time highs, while several software stocks, including Oracle stock, have maintained their market leadership. ↑ X NOW PLAYING Using Options To Find Stocks In Any Market Condition Software stocks rallied en…
Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Dow giant Salesforce.com (CRM) led generally strong earnings after the close. The stock market rally had a quiet Tuesday. The Nasdaq hit a fresh high while the Dow Jones and Russell 2000 fell. Meta Platforms (META) broke out in strong volume….
Small caps lagged in the stock market Tuesday, but several growth stocks outperformed once again below the surface. One of them was Leaderboard stock Meta Platforms (META), which cleared a flat base with a 602.95 buy point in higher volume. The Russell 2000 small-cap index slipped 0.7% and looks poised for a test of the…
The stock market rally continued to advance, with the Dow Jones, S&P 500 and Russell 2000 all hitting record highs, shrugging off Donald Trump tariff threats, some weak tech earnings, and struggles for Nvidia (NVDA). Treasury yields fell sharply, lifting homebuilders. Bitcoin tumbled from just below $100,000 on Nov. 22, but slashed losses by Friday….
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to act well in a holiday-shortened week, with the Dow Jones, S&P 500 and Russell 2000 all hitting record highs to close out a huge November. ↑ X NOW PLAYING Will This Software Leader’s AI…
Artificial intelligence chipmaker Nvidia (NVDA) has been hogging the headlines in 2024. However Impinj (PI) has been on a stellar run so far of its own, proving there are many ways to make good gains in the semiconductor space. Now the stock is eyeing a potential new entry as earnings continue to accelerate for the…
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally saw the major indexes fall Wednesday heading into the Thanksgiving holiday, but came off lows as Treasury yields extended their retreat. ↑ X NOW PLAYING Indexes Dip In Light, Pre-Holiday Trade: Oceaneering, BURL, TRV In…
Nvidia (NVDA) retreated ahead of Thanksgiving Day, slipping below its 50-day average on Wednesday. Nvidia stock shed more than 3% to 132.60 in midday trades. Analysts cited post-earnings reactions which focused on a good-but-not-great outlook. But the tech behemoth appeared to also be weighed down by growing chatter about a new China trade war. ↑…
Intel will finally get the much-awaited CHIPS Act award from the Biden Administration, but the amount is smaller than initially panned. In Tuesday trading, Intel stock retreated. Intel will receive up to $7.86 billion in funding through the U.S. CHIPS and Science Act, the company announced Tuesday. The funding was roughly $600 million lower than…