Market Insights
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Stocks Set Another Record as Rates Fall and Earnings Begin
Stocks are nearing record highs as earning season begins. The S&P 500 rose 1.8 percent between Friday, January 5, and Friday, January 12. The index managed to hold a support level from mid-December and had its highest weekly close ever. The Dow Jones Industrial...
Options Recap: Can a Megabank Keep Running?
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...
Banks Come Through: Earnings This Week
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)...
Biotechs Rising as Buyouts Sweep the Market
Biotechnology stocks are ripping in 2019, fueled by some high-profile takeovers. It was only the second trading session of the year that Bristol Myers Squibb (BMY) gobbled up Celgene (CELG) in a record $74 billion deal. Loxo Oncology (LOXO) accepted an $8 billion bid...
Big Growth Stocks Roar Back as Earnings Approach
Big growth stocks are roaring back to life as earnings approach. Companies like Netflix (NFLX), Incyte (INCY), Broadcom (AVGO), Facebook (FB) and Alphabet (GOOGL) are leading the S&P 500 higher today as investors return to the most important part of the market....
New Companies Are Leading the Market in the New Year
Last year was a busy year for initial public offerings, and several of those new names are rallying in 2019. A list of 37 recent IPOs generated an average gain of more than 9 percent since the start of January. That's more than twice the gain of the broader S&P...
Big Trade Sees Bottom in Energy Giant: Options Recap
Energy stocks are bouncing from long-term lows this year, and one big investor has called a bottom in a key servicing name. Schlumberger (SLB) touched a 13-year low under $35 last month. Today, a large block of puts got sold at that level as a trader looked for the...
Technology & Communication
Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart
One of the biggest events in the history of the Dow Jones Industrial Average happened last August when Salesforce.com replaced Exxon Mobil as an index member. A 21-year software company elbowed out a transnational giant tracing its origins to John D. Rockefeller and...