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Tuesday's Market Minute: Eco-Data & Earnings In Focus This Week
Tuesday, June 1, 2021 - 10:32am | 306Read More...As we begin June with a shortened trading week, let’s take a market minute to have a look at what’s to come. First, trends you should be watching include U.S. indices which remain bid at or near all-time highs; the U.S. Dollar starting to shows signs of weakness once again; gold’s...
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Zoom, Broadcom, Lululemon Among Companies Reporting This Week
Tuesday, June 1, 2021 - 10:30am | 1961Read More...It may not have felt like it in some places over the weekend, but welcome to summer. A lot of people are trying to grab vacation time in these warm months after missing the chance last year. For those of us sticking around, however, there’s plenty of Wall Street action the next few days and...
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Tech Downturn Advances, With Apple, Tesla Coming Under Early Pressure
Tuesday, May 11, 2021 - 10:19am | 2315Read More...You can observe a lot by watching, according to baseball great Yogi Berra. Well, we’ve started to observe a little more caution creeping into the market. It’s arguably there in bonds, where the 10-year yield continues to pivot around 1.6%, well off its March high and not getting...
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Monday's Market Minute: Watching Energy Markets
Monday, May 10, 2021 - 10:17am | 497Read More...Ahead of the cash open, investors and traders are keeping a watchful eye on energy markets to begin the week. Crude oil and gasoline futures are higher in reaction to news the Colonial pipeline has been shut down due to a cyber-attack, and there’s still no indication when it’ll reopen....
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Silver Lining: Disappointing Jobs Report May Dampen Worry About Overheating Economy
Friday, May 7, 2021 - 10:13am | 1770Read More...This week’s big jobs report is now in the rearview mirror, and Wall Street may be eager to move on from it. The nonfarm payrolls report this morning showed the economy added just 266,000 jobs, far less than expected. And the unemployment rate rose to 6.1% from 6% last time around. A Briefing....
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Friday's Market Minute: Breakdown Of Yields, Gold, And The Nasdaq
Friday, May 7, 2021 - 10:05am | 461Read More...Gold has finally broken above the psychological barrier of $1,800. The precious metal has slowly been extending its gains in what looks like a convincing breakout. Falling U.S. Treasury yields have been one of the reasons underpinning the latest moves, since nominal rates do not express the true...
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Uber, Moderna Lose Ground After Both Companies Miss Analysts' Revenue Estimates
Thursday, May 6, 2021 - 10:21am | 2598Read More...It’s been more than a week since Technology finished in the green. Tech stocks rose in pre-market trading, but can they maintain those early gains? That’s one question hanging over Wall Street today. We’ll talk more about the trauma in Tech lower down. First, let’s...
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Thursday's Market Minute: Nasdaq Futures Crumble Despite Strong Earnings
Thursday, May 6, 2021 - 10:10am | 260Read More...Big tech saw big beats this earnings season, but they haven’t translated into gains for Nasdaq futures. The /NQ stalled out in a double-top last week after making new highs by only a little more than 1% over February’s top, meandering near the upper line of a Rising Wedge pattern before...
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Wednesday's Market Minute: Stock Bulls Are Running Out Of Stories
Wednesday, May 5, 2021 - 10:23am | 535Read More...It was almost exactly one year ago that one of the most powerful market narratives in history emerged. As the pandemic raged, it didn’t take long for investors to figure out the biggest natural economic byproduct of COVID-19 was soaring demand for live-at-home technology for people and...
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Lyft, GM Earnings Impress, Lifting Shares Ahead Of Uber's Report Slated For Later
Wednesday, May 5, 2021 - 10:19am | 2736Read More...If you wanted more evidence of reopening progress, Lyft’s (NASDAQ: LYFT) earnings arguably provided it yesterday. The ride-sharing company saw shares post big pre-market gains after reporting a narrower than expected loss, above consensus revenue and solid guidance for the rest of...
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Tuesday's Market Minute: Oil At 7-Week Highs
Tuesday, May 4, 2021 - 10:17am | 337Read More...As more U.S. states are easing pandemic-related lockdowns and some European countries are welcoming fully-vaccinated international travelers, the demand for crude oil is returning. On Tuesday morning, the futures contracts rose to seven-week highs above $65 and are encroaching on the yearly highs...
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Uber, Lyft Try To Lure Drivers With Incentives As Rider Demand Increases
Monday, May 3, 2021 - 11:44am | 1411Read More...The stock market has been doing some soul searching lately, and that’s particularly reflected in the stock prices of ride-hailing companies Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT). Investors seem to still be grappling with proper valuation between and among...
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Monday's Market Minute: Kicking Off May
Monday, May 3, 2021 - 10:27am | 450Read More...It’s a busy week to begin the month of May, let’s take a market minute to get ahead of what’s headed our way. First, we begin the week with the focus on the U.S. indices, commodities, and U.S. Treasuries, and how we still have yet to see any rejection of trends that have been in...
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Another Busy Earnings Week Includes Reports From Uber, Lyft, Pfizer And ConocoPhillips
Monday, May 3, 2021 - 10:16am | 1470Read More...There’s an old stock market staying that says to “sell in May and go away.” That’s because, historically, the strongest period for the market tends to be the stretch between November-April, with May-October lagging, according to The Stock Trader’s Almanac. ...
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Earnings Parade Continues With Exxon Mobil, Chevron After Strong Amazon Results
Friday, April 30, 2021 - 10:26am | 2507Read More...The fatigue we all might feel as this jam-packed week winds down appears to be affecting major indices Friday. They’re under pressure early despite Amazon’s (NASDAQ: AMZN) impressive earnings yesterday, with signs of a bit of slowness in China’s economy dragging things...
















