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Tesla Suddenly Has Competition in the Electric Car Space

Tesla Suddenly Has Competition in the Electric Car Space

Just like that, electric vehicles are emerging as a strong group in the stock market. Most readers know about Tesla (TSLA), which has more than doubled from its mid-March low. Some people have seen Nio (NIO), its smaller Chinese rival that's up 56 percent in the last...

FANG 2.0? A New Generation of Tech Stocks Is Breaking Out

FANG 2.0? A New Generation of Tech Stocks Is Breaking Out

The stock market has yet to recover from the coronavirus pandemic, but a new generation of technology stocks has already broken out. Software companies like Twilio (TWLO), Okta (OKTA) and Datadog (DDOG) hit new record highs last month. Service providers like Zoom...

Big Events and Key Movers to Watch as June Begins

Big Events and Key Movers to Watch as June Begins

Stocks are back above a key level, but will they stay there? The S&P 500 rose 3 percent in the holiday-shortened week between May 22 and May 29. The index also finished its second straight positive month and closed above the psychologically important 3,000 level....

Bitcoin Seasaws Early in Week, Finishes Higher

Bitcoin Seasaws Early in Week, Finishes Higher

Summary Bitcoin (BTC) lifted on news that Argentina defaulted on the national debt.China announces a goal date for the digital Yuan. Bitcoin (BTC) got off to a strong start this week amid news that Argentina had defaulted on $65 billion worth of foreign debt....

These Were the Top Symbols on TradeStation in May as the Nasdaq Surged

These Were the Top Symbols on TradeStation in May as the Nasdaq Surged

The Nasdaq-100 rallied in May, and TradeStation clients played the move with several stocks and exchange-traded funds. Seven of the 10 most popular symbols on our platforms this month traded on the Nasdaq Stock Exchange or tracked its index. Some were new to the list....

Are Options Traders Bearish? Put Volume Spikes in Financial ETF

Are Options Traders Bearish? Put Volume Spikes in Financial ETF

Financial stocks jumped yesterday, triggering a big trade in the options market. The SPDR Financial ETF (XLF) surged 5.2 percent on Tuesday, its biggest rally in more than a month. There was also heavy options volume as 60,000 contracts traded in a single transaction...

Is a Breakout Coming? S&P 500 Takes Off Near a Key Level

Is a Breakout Coming? S&P 500 Takes Off Near a Key Level

Stocks took off last week as investors look for the coronavirus crisis to fade. The S&P 500 rose 3.2 percent between Friday, May 15, and Friday May 22. The index is back to its highest levels since early March and its second straight positive month. Transports had...

Bullish or Bearish? A Look at Retail Stocks to Watch

Bullish or Bearish? A Look at Retail Stocks to Watch

Covid-19 continues to wreak havoc on the world economy. Here in the US, some are cautious but optimistic about the future. This week American retailers will be put to the test as earnings for Walmart, Advanced Auto Parts, Kohl's, Home Depot, Target, L Brands, and...

Stocks Hold a Key Level Again as the Economy Reopens

Stocks Hold a Key Level Again as the Economy Reopens

Stocks fell last week but held a key level. Attention will now focus on the economy reopening for Memorial Day. The S&P 500 initially tried to rally, only to fall on bearish comments from Dr. Anthony Fauci and Federal Reserve Chair Jerome Powell. At one point it...