Market Insights
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Bullish and Bearish: Key Points About Vertical Option Spreads
Vertical spreads are one of the most common strategies in the options market because they can generate leverage with limited risk. This article will consider key points about bullish and bearish spreads. Vertical spreads involve two "legs" on the same underlier to...
This Sporting Goods Stock Is Starting to Run: Technical Analysis
Dick's Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving. The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly...
Consumer Stocks Get a Boost from Amazon Prime Day, Plus Reopening and the Start of Summer
Amazon Prime Day set records again this month, and more companies than just Amazon.com could benefit. Sales were estimated at $11 billion, up from $10.4 billion last year. Excitement around the event lifted AMZN back above $3,500 for the first time since April. It...
Options Alert: Bulls Target Roku as Original Content Draws Comparisons with Netflix
Options activity is heating up in Roku as the streaming-video upstart launches original content. Call volume has steadily increased since ROKU signed Kevin Hart for a second season of his action/comedy program. (Last year it was called "Die Hart." The next one will be...
Why Are Stocks Bouncing So Quickly After the Fed’s Hawkish Message?
Stocks crashed last week after the Federal Reserve scared investors with a hawkish stance on interest-rate increases. But now the market's ripping back almost as quickly as it fell. Why? This article will consider not only the Fed's announcement last week, but the...
Initial Public Offerings and SPACs: Track and Analyze Them With These Tools
The number of initial public offerings (IPOs) and SPACs is up sharply from last year as confidence returns to the market. Despite the improved conditions, several prominent companies like Palantir (PLTR) and Airbnb (ABNB) have struggled and remain well below their...
Housing Stocks Have Crashed — Just in Time for Mortgage Rates to Come Back Down?
Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Technology & Communication
Toast and Freshworks: Two New Disruptors Pull Back After Scorching IPOs
Initial public offerings (IPOs) have been going strong as a series of disruptive technology firms hit the market. Two prominent names have pulled back sharply following big rallies last week: Toast (TOST) and Freshworks (FRSH). TOST is a nine-year old provider of...
Someone Just Made a Killing in this Software Stock: Options Recap
Someone made a killing in a cloud-software company. Just look at the options. Call volume spiked yesterday in Workday (WDAY), which shot to a new all-time high on Tuesday and is up 23 percent in the last month. It looks like the investor rang the register on a winning...
Big Caps on the Move: Scanning for Breakouts in the Dow
It's pretty quiet today as stocks drift aimlessly before Labor Day. Dog days of summer? More like the sloth days ... Still, some members of the Dow Jones Industrial Average are melting to new highs even as the broader market snoozes in the shade. Here's a quick tool...
Last Week Shows Records Were Made to Be Broken
As the saying goes: Records were made to be broken. Just take the market last week. The S&P 500's decade-long bull run surpassed the lifespan of its previous upward journey in the 1990s. Another record fell on Tuesday, when the Russell 2000 Index hit a new...
New Companies Back on the Rise
Back in the spring, there was a wave of bullishness in initial public offerings. After a few pullbacks, some of those companies are pushing higher again. Take a name like ZScaler (ZS), which provides cloud-computing security services. It chopped around after crushing...