The godfather of technical analysis is a raging bull, and he’s becoming even more vocal about it. Last week, Ralph Acampora said he was so bullish he had to sit down and calm down. “I’m not sitting in a chair anymore. I’m sitting in a rocking chair,” he told CNBC’s […]
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If you want to buy Tesla stock, ‘now’s the time,’ Evercore says
Tesla shares are seeing a strong start to the year, and some market watchers expect further gains. The stock fell in Tuesday trading, just one session after surging over 6 percent — its best day since September. Although the stock is still off 14 percent from its all-time high, now […]
Three charts are creating the perfect storm for more records, says technician
It’s been the best start to the year since 2006 for the S&P 500 and Nasdaq, with new records and five days of gains already on the books. That winning streak, an extension of a killer 2017, is set to continue, according to one market bull. “We’re seeing something this […]
Under Armour is killing its brand by selling at cheap retailers, stock to drop 30% this year: Analyst
Shares of Under Armour fell more than 4 percent in premarket trading Tuesday after one Wall Street firm downgraded the company to negative. Despite a 30 percent rally in the past eight weeks, the athletic clothing maker will reverse course and lose all of those gains over the next year, […]
PayPal rises after previously skeptical analyst jumps on the bandwagon
Shares of PayPal ticked 1 percent higher before the bell Tuesday after research firm Cowen decided to jump on the payments platform’s bandwagon. Analyst George Mihalos upgraded the stock to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target […]
Skeptical analyst jumps on the PayPal bandwagon
Research firm Cowen has decided to join the party at PayPal. Analyst George Mihalos upgraded the stock on Tuesday to outperform from market perform and hiked his price target on the shares to $88 from $67. The new price target represents 11 percent upside. In a note to clients, Mihalos […]
The bond market is doing something it hasn’t done in 52 years
Volatility in the Treasury market has sunk to a multidecade low, and that could have sweeping implications for the bond market this year. Treasury volatility as measured by realized volatility in the U.S. 10-year Treasury note has fallen to a 52-year low, according to a new report from Bank of […]
There’s trouble in the charts for banks heading into earnings, according to one technician
The big banks kick off earnings this week, and it could be make or break time for the surging sector. Wells Fargo, J.P. Morgan and BlackRock are set to report Friday before the bell, with the market implying moves of 3 percent, 2.5 percent and 2 percent in either direction […]
Cryptocurrencies are plunging, led by ripple, bitcoin
Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 12.6 percent lower on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 30 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Bitcoin was off […]
Electronic Arts to outperform in 2018, investors ‘overreacted’ to gamer outcry: Analyst
Electronic Arts shares should outperform in 2018 despite a recent public relations headache involving its latest “Star Wars” game, according to one Wall Street firm. BMO Capital Markets upgraded EA’s stock to outperform Monday, arguing that investors overreacted to gamer outcry over the company’s attempts to monetize in-game content in […]