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Stocks keep rising as the fourth quarter's gloom continues to lift. The S&P 500 rose 1.6 percent between Friday, January 25, and Friday, February 1. It was the fifth gain in the last six weeks, with every major sector and index moving higher. Good economic news...
Big tech results weren't so bad after all: That's the main takeaway from the busiest week of earnings season. Facebook (FB), Apple (AAPL), Advanced Micro Devices (AMD) and Alibaba (BABA) rallied 7 to 16 percent after reporting. Not all beat estimates, but each...
A potentially bullish signal has appeared in gold as the market anticipates dovish policy from the Federal Reserve. The 50-day moving average on gold futures (@GC) rose through the 200-day moving average this week. That pattern, ironically known as a "golden cross,"...
Regional banks are one of the strongest groups this year, and now a big investor seems to be hedging a large position. Check out the options activity in the SPDR S&P Regional Bank ETF (KRE) yesterday: A block of 39,265 April 51 puts was bought for $1.16. An equal...
China may still be in trade talks with President Trump, but that's not keeping money away from the country's technology sector. The PowerShares GoldenDragon Halter Index ($HXC) is up more than 3 percent today and on pace for its highest close since early October. The...
Earnings remained strong in the last week, led by economically sensitive industries like semiconductors, transports and financials. Chip stock Xilinx (XLNX) is the S&P 500's biggest gainer today and in the last week after beating estimates across the board. Some...
A forgotten financial stock exploded higher yesterday, the latest positive surprise in the sector. Synchrony Financial (SYF) surged 11 percent to its highest level in almost three months. It was the sharpest rally in the history of the stock and the biggest gain for...
Bank of America (BAC) had a monster rally this week, and options traders are looking for the lender to keep running higher. Here's a breakdown of a big transaction detected late yesterday morning in BAC: A block of 23,000 March 26 calls was sold for $2.80 and an equal...
Earnings season began on a strong foot, thanks to financials and a handful of other key stocks. Bank of America (BAC), Goldman Sachs (GS) and Citigroup (C) led the charge. Stronger banking activity was the big driver, also lifting smaller regionals like Comerica (CMA)...