Todd Gordon is seeing something in the markets that he says is about to drive JPMorgan to new record highs. The financials sector is trading at 10-year highs. The TradingAnalysis.com founder says the recent rally in bond yields is reinforcing the surge in big banks, and there are hints of […]
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This stock has tanked 63 percent from its all-time high, and it’s in ‘grave danger’: Technician
Shares of Chipotle have plunged so far that technician Rich Ross of Evercore ISI says the stock is in “grave danger.” As of Thursday, the stock was down 63 percent from its all-time high, which it hit back on Aug. 5, 2015. But even now, says Ross, a long-term chart […]
Height matters: The connection between tall Fed chiefs and interest rates
Maybe we’re all just overthinking it when it comes to figuring out where interest rates are headed over the long term. Instead of parsing through data on unemployment, inflation and productivity, rather than scouring for the hidden meaning behind every little turn of a phrase in the post-Fed meeting statements, […]
Dollar’s gain on euro should make UnitedHealth and these other Dow stocks winners
The dollar spiked higher versus the euro on Thursday, a move that should boost domestically focused stocks but hurt large multinationals such as Caterpillar, if history is any guide. The euro sank about 1 percent against the dollar after the European Central Bank announced plans to trim its monthly asset […]
$2 trillion in tech stocks are reporting after the bell — here’s what to buy
Thursday marks the busiest day for earnings as a number of tech titans report. Alphabet, Amazon, Intel and Microsoft release earnings after the bell Thursday. The four companies combined represent 25 percent of the Nasdaq 100, and have a combined market cap of nearly $2 trillion — and there are […]
Oil and gas megadeals taper off as US shale drillers target smaller land deals
American oil and gas producers and investors are still striking a lot of deals, but they’re now focusing on smaller mergers and acquisitions, extending a trend that began in the first half of 2017, a new report says. The pattern in dealmaking shows that oil and gas drillers are now […]
Chipotle short sellers score more than $250 million on the gift that keeps giving
There is one stock during this explosive bull market working for the shorts. A day after Greenlight Capital’s David Einhorn lamented over his losing in his short positions against Amazon and Tesla, some hedge fund investors are winning big from their bearish bets on Chipotle. Shorting is a trading strategy […]
Wall Street strategist Tom Lee recommends risky over-the-counter bitcoin trust
A well-respected Wall Street stock strategist is increasing his bets on bitcoin. Fundstrat’s Tom Lee told clients in a Wednesday report that the Bitcoin Investment Trust, trading under the GBTC ticker, is an “attractive” buy. The move is a risky one for a strategist like Lee. The bitcoin trust is […]
Amazon’s charts are troubling ahead of earnings: Technician
Amazon‘s amazing run may have come to an end, according to one technician. After surging more than 35 percent in the first seven months of the year, shares of the e-commerce giant have been trending lower, underperforming both the broader markets and its FANG counterparts. “Much of the broader indices […]
Goldman warns Amazon holders, predicts guidance may miss Wall Street expectations
Amazon will most likely disappoint Wall Street with its fourth-quarter forecast, analysts at Goldman Sachs said. “Investor focus remains on operating income with the view that guidance is likely to fall below sell-side consensus of $1.5bn,” Heath Terry, an analyst at Goldman, said in a note Wednesday. “We expect the […]