Market Insights
Bringing you the trading news around the world.
Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?
Chip stocks like Nvidia led the market to new highs last earnings season. The opposite could be happening this time. The Philadelphia Semiconductor Index fell 9.2 percent between Friday, April 12, and Friday, April 19. It was the index's biggest weekly drop in almost...
Is the Fed Almost Done? Stocks Break Out On Hopes of a Soft Landing
Stocks jumped to a 13-month high as investors hoped the Federal Reserve is almost done hiking interest rates. The S&P 500 rallied above its peak from last August, gaining 2.6 percent between Friday, June 9, and Friday, June 16. The technology-heavy Nasdaq-100...
Suddenly Lots of Stocks Are Hitting New Highs
More stocks are showing signs of a breakout as the Federal Reserve meets and the S&P 500 jumps above last summer's peak. Forty-three members of the S&P 500 made new 52-week highs on Tuesday, according to TradeStation data. It was the highest total since April...
Technical Analysis: Don’t Forget About Alphabet
Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...
Stocks Approach August Highs Amid Talk of a New Bull Market
Talk of a new bull market is buzzing on Wall Street with the Federal Reserve expected to stop raising interest rates. The S&P 500 rose 0.4 percent between Friday, June 2, and Friday, June 9. It was the fourth straight positive week, the index's longest winning...
Chart of the Day: Carnival Pushes a Key Level
Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly...
Are Buyers Pivoting Away From Tech as Stocks Break Out?
Investors may be pivoting to old-economy stocks as a new month begins and the market continues higher. The S&P 500 rose 1.8 percent in the holiday-shortened period between Friday, May 26, and Friday, June 2. The broad index outperformed the technology-heavy...
Technology & Communication
Chart of the Day: Are Chips Losing Their Edge to Software Stocks?
Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the technology sector. Today’s main chart focuses on the VanEck Semiconductor ETF (SMH), which closely tracks the...
Tech Stocks Break the Downtrend Despite a Hawkish Fed. Are the Bears Losing Control?
Stocks just had their biggest rally in over a year as a broad cloud of bearishness began to lift, despite an increasingly hawkish Federal Reserve. The S&P 500 rose 6.2 percent between Friday, March, 11, and Friday, March 18. The Nasdaq-100 jumped 8.4 and the Dow...
After Getting Cut in Half, An Options Trader Thinks this Social Media Giant May Have Bottomed
Social-media giant Meta Platforms has gotten cut in half, and now one big investor seems to think it will stabilize. Check out the unusual options activity detected in the company formerly known as Facebook (FB) yesterday: A trader sold 16,500 8-April 200 puts for...
Global Energy Squeeze Revives Interest In Solar Stocks Following a Year of Consolidation
Solar energy stocks were one of the top performing groups in the pandemic year 2020. Now after a long pause, the global energy shock is reviving the group. SolarEdge Technologies (SEDG) is up 36 percent in the last month, making it the top performing member of the...
Russian Attack Triggers Surprise Rally Across the Beaten Down Nasdaq-100
Russia attacked Ukraine early on Thursday. After an initial panic, investors had an interesting response: They piled into software and technology stocks that took a beating over the last two months. Take a company like Microsoft (MSFT), which pushed under $272 in the...