Stocks rallied to close the week, again showing resilience in the face of troubling economic data. An extension of the oil rebound and more positive reopening also provided some ballast to equities. Source: Provided by Finviz The S&P 500 climbed 0.39%. The Dow Jones Industrial Average advanced 0.25% The Nasdaq Composite gained 0.79% After being one
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It’s Thursday again, which means another round of increasingly bleak initial jobless claims, but that wasn’t enough to send the broader equity benchmarks to large losses on the day. Source: Provided by Finviz The S&P 500 rose 1.15%. The Dow Jones Industrial Average added 1.60% The Nasdaq Composite gained 0.91% A day after being the Dow’s
Equities opened for trading under significant pressure on Thursday, but bulls bid the market back up. Here’s a look at a few top stock trades to watch for Friday. Top Stock Trades for Tomorrow No. 1: JPMorgan (JPM) The banks have been getting killed, but they made a nice bounce on Thursday. JPMorgan (NYSE:JPM) was
After a sudden late-session selloff on Tuesday, more selling pressure hit stocks on Wednesday. With that in mind, let’s look at a few top stock trades — starting with the overall market. Top Stock Trades for Tomorrow No 1: S&P 500 ETF (SPY) The SPDR S&P 500 ETF (NYSEARCA:SPY) has quickly put investors back on
Stocks swooned on Wednesday after Federal Reserve Chairman Jerome Powell said the novel coronavirus has created lingering uncertainty for the U.S. economy while scoffing at the notion that negative interest rates could help the world’s largest economy regain its footing. Source: Provided by FInviz The S&P 500 slid 1.75%. The Dow Jones Industrial Average tumbled
One of the top stories of the day on Tuesday was a real shocker for the aviation industry. Reportedly Dave Calhoun, the CEO of Boeing (NYSE:BA), opined that it is “likely” that one of the major U.S. carriers will go out of business in 2020. Source: Shutterstock That’s a dire prediction, and it’s coming from
Stocks declined Tuesday after Dr. Anthony Fauci told senators the U.S. shouldn’t rush to reopen the economy, as that could risk unleashing a second wave of the novel coronavirus outbreak. Source: Provided by Finviz The S&P 500 lost 2.05%. The Dow Jones Industrial Average retreated 1.89% The Nasdaq Composite fell 2.06% With financial services names under
There’s a discernible trend lately in which the entire stock market has been carried by a handful of tech stocks. This trend was on full display on Monday as a number of technology names kept the stock market from falling hard. Today’s big stock charts feature such tech names. Source: Shutterstock Whether one sector of
Stocks started off lower on the day, but turned positive and continued higher on Monday as bulls keep pushing up equity prices. With that in mind, let’s look at a few top stock trades for Tuesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) When I said Nvidia (NASDAQ:NVDA) was a steal at $200,
The stock market can be a real mystery sometimes. Friday’s price action was a perfect example of this as overall market sentiment was bullish despite the dismal jobs data. Source: Shutterstock Mostly because of the economic damage caused by the spread of the novel coronavirus, April of 2020 will be remembered as America’s fastest monthly
Equities tried to push higher on Wednesday, with bulls hoping to erase the late-session selloff on Tuesday. However, it was a tricky session in the stock market today. The S&P 500 ended down 0.7%. The index first opened higher on the day, reversed and took out Tuesday’s low. It closed near session lows. The back
The weekly jobless claims report showed that another 3.2 million Americans filed for unemployment this week. Despite that figure, bulls saw another rally in the stock market today. At one point, the S&P 500 rallied almost 2% on the day, before backing off the highs. That’s likely as investors reduce exposure ahead of the monthly
Despite another disappointing jobless claims report, stocks found a way to rally on Thursday. That said, here’s a look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Square (SQ) At first, Square (NYSE:SQ) dipped on earnings. However, bulls have reversed their fortunes, with shares ending the day on
Stocks rallied to finish the week, vaulting despite an April jobs report that felt ripped straight from the Great Depression. Source: Provided by Finviz The S&P 500 advanced 1.69%. The Dow Jones Industrial Average rose 1.91% The Nasdaq Composite tacked on 1.58% Broadly speaking, cyclical names were in style as Dow Chemical (NYSE:DOW) was the leader
Despite more than 20 million job losses in April, equities continued to power higher on Friday. Let’s look at a few top stock trades for next week. Top Stock Trades for Tomorrow #1: Invesco QQQ ETF The Invesco QQQ ETF (NASDAQ:QQQ) hit its highest level since February. The exchange-traded fund has been resilient, rallying more
Earnings reports are a cornerstone of fundamentals-based research for stock market investors and traders. This is true across all economic sectors, and today we’ll apply this concept to companies in the pharmaceutical industry and their big stock charts. Source: Shutterstock Don’t get the wrong idea. One good earnings report doesn’t mean that a company’s stock
Thursday was another example of inexplicable price action, with stocks rallying even as the weekly jobless claims number spiked, setting the stage for what’s going to be an unsurprisingly dismal April jobs report before the open Friday morning. Source: Provided by Finviz The S&P 500 rose 1.15%. The Dow Jones Industrial Average added 0.89% The Nasdaq
Cybersecurity is among the most important sectors of the economy today. It’s an unfortunate fact of life that as long as there are computer networks, there will be miscreants who want to break into them. Today’s big stock charts features names in this all-important space. Source: Shutterstock Necessity creates opportunity, and a number of companies
It’s a busy earnings seasons for high-growth stocks and that continues after the close. That said, let’s look at a few top stock trades as a result. Top Stock Trades for Tomorrow No. 1: PayPal (PYPL) PayPal (NASDAQ:PYPL) earnings are due up after the close, and man, this one has been strong. Shares have climbed
Among the news headlines on Tuesday was a 16% jump in the West Texas Intermediate per-barrel oil price. This development seemed to provide an emotional boost to the entire stock market, as we’ll see in today’s big stock charts. Source: Shutterstock It was the fifth consecutive day of positive oil price moves. What’s behind the