“ The market is overbought, but the indicators are overwhelmingly bullish. ” The stock market, as measured by the S&P 500 Index SPX, +0.85%, is now racing to new 2023 highs. We continue to recommend holding a “core” bullish position. There is stronger resistance at 4630 but beyond that, the next resistance area is the
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A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC Check out the companies making headlines in premarket trading. JPMorgan Chase — The bank stock climbed 2.7% after reporting better-than-expected earnings due to higher interest rates and strong bond trading from the investment bank side. The company reported an adjusted $4.37
As we brace for a potential recession looming on the horizon, many investors are recalibrating their portfolios in search of low-risk stocks. If you’re in sweats thinking about financial risk, and your concern rests with capital preservation, you might want to avoid high-flying growth stocks. To be fair, growth stocks should hold a pivotal spot
No one doubts that electric vehicles are the next big shift. But not all companies who make them are created equally. In fact, it’s best to avoid plenty of EV stocks. We’ve known for quite some time that EVs would be an integral part in the push toward net zero. And that’s meant plenty of
Over the past month, there’s been growing awareness about Quaclomm’s (NASDAQ:QCOM) potential to benefit from the growing integration of artificial intelligence applications. However, has this had an impact on the price of QCOM stock? Not really. Since chatter about this possible catalyst emerged, shares in the mobile chip maker have traded sideways. While up by
A leading global health body has declared that the artificial sweetener aspartame, commonly used as an ingredient in diet soda, chewing gum and vitamins, may cause cancer. But the World Health Organization’s report late Thursday also noted that people would have to be exposed to extreme amounts of aspartame — whether through diet, occupational exposure
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In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images BlackRock‘s move into crypto fits
In this article MSFT JBLU JPM UNH Follow your favorite stocksCREATE FREE ACCOUNT In this arranged photo, a UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. Lucy Nicholson | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase — Shares fell slightly even
The past year provided a peek into the future of biotech and healthcare. Megafirms like Medtronic (NYSE:MDT) led the way, partnering with tech giants such as Nvidia (NASDAQ:NVDA), to develop AI-powered solutions to medical problems. While these mainstays take advantage of artificial intelligence and machine learning, they aren’t the only opportunities for savvy investors. A
While the overall market remains buoyant, there are pockets where troubled stocks are struggling to gain traction. One sector that is rife with problems is the software space. Many software companies enjoyed explosive growth during the pandemic and even before, as the rise of cloud computing created huge demand worldwide. A lot of companies overspent
The stock market has seen a strong rally in 2023, with the Nasdaq Composite up nearly 30% year-to-date. This has led to overvaluation in many growth stocks. It’s important for investors, even long-term ones, to periodically review their portfolios and identify overvalued stocks. Despite corporate America’s efforts to spin the narrative, here are three stocks
Threads appears to be unspooling. Since storming out of the gates with 100 million users in less than a week, Meta Platform Inc.’s META, -1.50% much-ballyhooed Twitter-killer has cooled in growth and engagement, according to data from market researchers Sensor Tower and Similarweb. On Thursday, the number of daily active users on Threads plunged 27%
In this article DAL DIS COIN META Follow your favorite stocksCREATE FREE ACCOUNT People wait in line at the Delta Airlines checkin counter of JFK International airport on June 30, 2023 in New York City. David Dee Delgado | Getty Images Check out the companies making headlines before the bell: Delta Air Lines — Delta
When it comes to investing in pharmaceutical stocks, an intriguing area for future growth is gene editing. This is an exciting field that may provide a solution to some of our most vexing diseases, such as cancer and diabetes. And in 2023, many companies are closer than ever to a solution. So, although I
Despite the overall positive market conditions, it’s advisable to consider selling certain stocks. The S&P 500 Index and the Nasdaq Index have performed well in the first half of 2023 with technology stocks leading the way. However, the market rally is expanding to include other sectors. With the Federal Reserve approaching the end of its
According to delivery data, China-based electric vehicle manufacturer Nio (NYSE:NIO) isn’t firing on all cylinders. Yet, there’s a reason to watch NIO stock, even if you’re not prepared to go all-in on the shares. As a famous automaker opts to “play ball” with China’s government, Nio can now be more competitive and successful. I’ll admit, I’ve
Shares of Chinese cybersecurity companies were sharply higher on Friday, boosted by Beijing’s latest artificial-intelligence regulations that emphasized cybersecurity and data safety. Data protection solutions provider Zhongfu Information Inc. 300659, +19.98% jumped 20%, network security company Shenzhen GuoHua Network Security Tech Co. 000004, +10.02% surged 10% and Beijing Bohui Science & Technology Co. 688004, +7.98%
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