In today’s episode of let’s talk stocks, we’re going to cover some technical analysis basics. We’ll talk about the double bottom stock chart pattern, which is a reversal pattern. We’re going to take a look at what the pattern looks like and how to recognize it, it’s previous trend, as well as the volume, projection
WallStreetBets and its 3.1 million followers are fighting back against short-selling hedge funds and winning.
Shares of Invitae rose over 25% this week, a sharp move higher that came after Ark Invest’s Cathie Wood called the company one of her most underappreciated stocks in a CNBC interview on Monday. Invitae was the 11th-largest holding in Wood’s flagship fund, the Ark Innovation ETF (ARKK), as of Thursday, giving it a weighting larger
Traders on the floor of the New York Stock Exchange Source: NYSE Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising bond yields have been challenging growth stocks. Names like Apple, Tesla, and Amazon have been
iBio (NYSEAMERICAN:IBIO) stock is up 12% in the past year and up 74% in the year-to-date period. However, since I last wrote about IBIO stock on Nov. 20, the stock is mostly flat, including two big drops,lending credence to my concerns. Source: Shutterstock My worry at the time was that the company would continue to issue
Seasoned investors realize dividend investing is a time-tested strategy that might be appropriate for most buy-and-hold retail portfolios. They are not interested in timing highly volatile momentum. Instead their investment strategy is, at least in part, to buy shares in high quality dividend-paying companies and then reinvest those dividends over a long period of time,
Airlines didn’t do much flying last year, but carriers like American Airlines (NASDAQ:AAL) still show signs of a strong rebound. According to many analysts, this is the perfect time to add some airline names like AAL stock to your portfolio. Source: GagliardiPhotography / Shutterstock.com Why? With the worst of the pandemic behind us, the sector
It was yet another wild week in the market as tech stocks continued to lag while the S&P 500 rallied to new all-time highs. Source: Shutterstock We’ll analyze the broad action in today’s new episode of MoneyLine and I’ll highlight where I think stocks are heading next. But even more importantly, we’ll turn back the
AT&T CEO John Stankey told CNBC on Friday the company can maintain its dividend payment while still investing in growth businesses like direct-to-consumer streaming service HBO Max. Stankey made in the comments on “Squawk on the Street” in response to a question from CNBC’s David Faber, who asked the CEO if money AT&T used to
Check out the companies making headlines before the bell: Ulta Beauty (ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for
Walmart (NYSE:WMT) knows how to wow the markets. It told the world and analysts during its February 18 earnings release that it expects “low single digits” in sales growth. Meaning 1% or 2%. As a result, don’t expect WMT stock to take off this year like a thunderbolt. Source: Ken Wolter / Shutterstock.com Moreover, Walmart’s
I can see the skepticism toward CrowdStrike (NASDAQ:CRWD) coming a mile away. Yes, CrowdStrike stock has retreated about 15% from last month’s highs. That pullback hardly makes the stock cheap. Source: VDB Photos / Shutterstock.com CrowdStrike stock remains one of the most expensive in the market. It trades at 711x (yes, seven hundred and eleven
When I got the email to analyze Zomedica (NYSEAMERICAN:ZOM) — again? — I was a bit disappointed. I just covered ZOM stock a month ago and if I may toot my own horn for just this once, I felt that I gave the veterinary play a fairly comprehensive go, assessing both the bull and bear
Amid increasing cases of theft and fraud, lost coins, and lost private keys, a new breed of business is taking shape in the virtual cryptocurrency world. Individuals as well as companies are hunting for such lost coins, private keys, and forgotten passwords. Welcome to the world of crypto hunters. Where Did My Digital Assets Go? The New York Times
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Bulls: -The stock market is going up -There is positive momentum -The term “bulls” is used because of the way a bull attacks (on an upward pattern) -The phrase “a bull for McDonald’s” means you are long or positive on McDonald’s Bears: -The stock market is going down -There is negative momentum -The term “bears”
The Fintech company that is changing the way banks look at consumer credit worthiness, displacing the currently antiquated regime.
Wharton School’s Jeremy Siegel told CNBC on Thursday he believes stocks will still move higher this year, even in the face of rising bond yields and inflation concerns. In an interview on “Squawk Box,” the finance professor said the $1.9 trillion coronavirus relief package, which President Joe Biden hopes to sign into law Friday, is
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7% on the news that CEO Mary Dillon will be stepping down in June, with company
In hindsight, CRISPR Therapeutics (NASDAQ:CRSP) represented a once-in-a-blue-moon opportunity during the March doldrums of last year. For a brief moment, CRSP stock slipped below $40 as the world turned its eyes on the rapidly escalating novel coronavirus pandemic. However, shares didn’t stay deflated for long as they continued to march steadily higher despite the surrounding