People always ask me why I dislike parabolic moves. The answer is simple: When a stock rises significantly in a short period — resulting in a price chart that resembles the curve of a parabola — it goes down far faster than it can creep up, for whatever reason. Consider …
First the reflex, then the rethink. The fast-twitch rush for risk that jolted markets following the decisive election result and excitement over potential growth-stoking policies gave way last week to a modest retrenchment and reassessment as some tradeoffs and unknowns encroach. The list of assets that went vertical on a …
Here are the biggest calls on Wall Street on Thursday: Barclays reiterates Qualcomm as overweight The firm says Qualcomm is a “best of smartphone breed” following the company’s earnings report on Wednesday. “Better results and guide are indicative of a stronger Android high end and Auto/IoT [internet of things].” Bank …
A split or united government coming out of a consequential U.S. presidential election next week could hold the key to how stocks perform going forward. The Nov. 5th election is set to remove a critical overhang for markets, which have had trouble pricing in a victory for either former President …
NASHVILLE, Tenn. — Former President Donald Trump‘s highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late. As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in Nashville, Elon Musk‘s private jet was touching down 200 miles …
Federal prosecutors have criminally charged the activist short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at least $16 million from manipulating stock market activity contrary to positions he presented to the public from 2018 through …
Stocks end the day mixed Here is how the major indexes closed on Tuesday: — Pia Singh Chinese tech stock rally reverses course on Tuesday The rally for stocks tied to China stumbled on Tuesday, with several of the country’s top tech names under pressure. Shares of JD.com slipped 1.8%, …
As investors say farewell to a week marked by a Federal Reserve meeting, surprise labor market data and the latest corporate earnings, they’re left trying to figure out what it all means for a stock market that’s still deciding where it wants to go. All three of the major market …
Here are Thursday’s biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. “We nudge 1Q24 EPS higher owing to better than previously est. capital mkts, partially offset by est. FDIC …