Oil prices eased off earlier gains ahead of a critical meeting of two dozen oil producers on Thursday, reversing a three-day slide as uncertainty over an extension to the group’s deal to limit production weighed on the market. OPEC and other oil exporters led by Russia have kept 1.8 million […]
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Nvidia is in correction territory, and that marks a rare buying opportunity, analyst says
Shares of Nvidia tanked as much as 11 percent from its recent intraday high, but Todd Gordon says this could just be the best time to buy. The TradingAnalysis.com founder said the charts are showing that Nvidia actually has room to rally before the stock enters overbought territory. Gordon pointed […]
Bitcoin plunges 18% after topping $11,000 in extremely volatile trading
Bitcoin has gained, and plunged, well over $1,000 in less than 24 hours. The digital currency dropped more than 18 percent from a record high of $11,388.33 to current levels around $9,292 on Wednesday, according to CoinDesk. Trading was extremely volatile as exchanges struggled to keep up with the surging […]
Twitter is about to mark a historic milestone
Twitter shares are doing something unusual this year — they are going up. In every full calendar year since the social media company’s initial public offering in November 2013, the stock has posted double-digit losses. This year, Twitter is up nearly 29 percent year to date, on pace for its […]
JPMorgan is the one surging bank stock you should own
Financials just hit its highest level in over a decade, and Rich Ross of Evercore ISI has one surging name to buy. As the markets soared to record highs on Wednesday, the financial sector hit its highest level since Oct. 30, 2007. The move higher follows comments Tuesday by Jerome […]
One surging bank stock to buy right now
Financials just hit its highest level in over a decade, and Rich Ross of Evercore ISI has one surging name to buy. As the markets soared to record highs on Wednesday, the financial sector hit its highest level since Oct. 30, 2007. The move higher follows comments Tuesday by Jerome […]
This chart shows that oil could be headed to $80, and here’s how to trade it
Crude oil prices are under pressure, but Todd Gordon of TradingAnalysis.com says the charts are pointing to a massive rally for the commodity. Gordon is standing by his call that the market is starting to see signs of inflation. He also said the Federal Reserve won’t significantly tighten monetary policy. […]
Bitcoin surges through $11,000 less than 24 hours after topping $10,000
The Bitcoin rally is accelerating. The digital currency spiked through $11,000 Wednesday morning, hours after surpassing the $10,000 level for the first time. Bitcoin traded at an all-time high of $11,155.20 at around 9:00 a.m. ET, according to industry site CoinDesk. By 9:16 a.m., bitcoin had leaped all the way […]
Allergan shares jump after Morgan Stanley says fears of a ‘better Botox’ are overdone
Shares of Allergan jumped more than 2 percent Wednesday after analysts at Morgan Stanley downplayed concern over competitive pressure for its key product, Botox. “Fears about a ‘better Botox’ may be overdone,” said analyst David Risinger in a note to clients. He noted that it “could be difficult” for competitor […]
Chinese stocks are beginning to show ‘cracks.’ Here’s what it means
China’s stock market has been steadily rising all year, but according to one technician the charts are beginning to show signs of weakness. The index has declined a little more than 2 percent in the past week, and is showing “a few cracks” after a solid monthslong upward trend, said […]