Tuesday, May 7, 2024

AI Boom Fades as Fundamentals Weaken: Earnings Recap

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Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits...

Nasdaq Surges as Traders Buy the Dip Before Fed Meeting

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Stocks are rebounding as key earnings beat estimates and investors get comfortable with fewer rate cuts. The S&P 500 rose 2.7 percent between Friday, April 19, and Friday, April 26. The Nasdaq-100 jumped 4 percent....

Chart of the Day: Does ARK Innovation Have Downside Risk?

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The ARK Innovation ETF has chopped in a range for the last two years, and some traders may expect a push back to longer-term lows. The first pattern on today’s chart is the rounded top...

Chip Selloff Hammers Growth Stocks. Is the AI Boom Over?

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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....

Rates, Geopolitics Cast Gloom Before Earnings: Market Trends This Week

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Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 has retraced about half its move since breaking 2022 high S&P 500 testing bullish gap from 2/22, when...

Energy Stocks Pull Back But Are Still Leading This Year

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Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled...

Options Alert: Traders Position for Potential Drop in Uranium Miner

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Uranium miner Cameco has been stuck at an old high, and one big options trader is bracing for a potential drop as earnings approach. This large transaction was detected yesterday in CCJ, unfolding in several...

Stocks Have Had a Healthy Pullback. Will Buyers Step In?

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Stocks have had their biggest pullback since the current rally began. Will buyers step in? The S&P 500 fell 1.6 percent between Friday, April 5, and Friday, April 12. It was the biggest weekly drop...

Are Rate Cuts Out the Window? Market Trends This Week

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Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 in midst of first negative month since October Prices break trendline, rising 21-day exponential moving average Rate of change,...

Stocks Pull Back Before Inflation Data and Earnings Season

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Stocks began the second quarter with a pullback as investors worried about higher interest rates and geopolitical risk. The S&P 500 fell almost 1 percent between Thursday, March 28, and Friday, April 5. (Markets were...
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