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Some casino stocks are moving as investors focus on sports betting and the economy reopening. However certain key names are lagging. Penn National Gaming (PENN) led the rally with a 13 percent gain. It jumped into sports betting by moving to acquire David Portnoy's...
Earnings season is pretty much finished, and the main story wasn't Covid-19. Instead, it was the complete dominance of e-commerce and cloud computing. Megacap Internet companies like Amazon.com (AMZN), Facebook (FB) and Alphabet (GOOGL) climbed on strong results. They...
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...
Stocks just had their biggest rally in 45 years on hopes the coronavirus crisis is ending. Now comes the hard part. The S&P 500 rose 12.1 percent in the holiday-shortened week between Friday, April 3, and Thursday, April 9. It was the biggest weekly gain since...
Amazon.com is trying to regain an elite status it lost because of coronavirus: a trillion-dollar market capitalization. The e-commerce giant briefly reached that valuation in January after a strong earnings report. It proceeded to drop as much as 26 percent as...
Earnings season is off to another strong start, thanks to big banks and financials. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS) all reported strong quarters. A combination of banking, trading and investment management drove the...
Stocks are trying to end the year in rally mode as fears of a recession morph into fear of missing out. The S&P 500 rose 0.6 percent in the Christmas-shortened period between Friday, December 20, and Friday, December 27. It was the fifth straight positive week and...
Investors are returning to their old favorites, growth stocks, as the market continues its breakout to new highs. The S&P 500 rose 1 percent in the Thanksgiving-shortened period between Friday, November 22, and Friday, November 29. It was the seventh positive week...
Earnings season ended with a mixed bag as some major retailers beat estimates and others came up short. Target (TGT) was the most bullish name, continuing its transformation from big-box boutique to digital powerhouse. CEO Brian Cornell's combination of delivery...