Market Insights
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Earnings Surprises, Strong Economy Push Stocks to Another Record High
Stocks keep hitting new highs as strong megacap earnings and an accelerating economy draw money from the sidelines. The S&P 500 rose 1.7 percent between Friday, January 26, and Friday, February 2. It was the index's fourth straight positive week, continuing its...
Market Pulse: Safe Havens Are Struggling
The rotation continues. "Stay at home" stocks and safety plays are struggling as investors focus on reopening stocks. This has lifted financials, industrials, energy and small caps. Auto stocks are also surging. Notice 5-day weakness in Utilities (XLU), Health Care...
Market Pulse: Amgen Nears a Death Cross
Many stocks have hit new highs this month, but Amgen isn’t one of them. Click here to view the related idea and chart analysis on TradingView.
General Motors Is Accelerating as Pickups Drive Profit Surge
Electric cars have been a major story this year, but legacy automaker General Motors is also on the move. GM has taken off since the end of the summer as a combination of bullish forces drive its stock to the highest level in over two years. It marks a victory for CEO...
Market Pulse: Ethereum Is Approaching Key Highs
As we mentioned yesterday, Bitcoin has been running toward new highs. Now Ethereum is on watch. Both cryptocurrencies have grappled with resistance from their consolidation over the last three years. BTCUSD broke above its June 2019 high at the start of this month and...
Market Pulse: Can United Parcel Keep Delivering?
United Parcel Service has been one of the bullish surprises of 2020 and the coronavirus pandemic. Trend followers may return after this pullback. Click here to view the related idea and chart analysis on TradingView.
Nio Earnings Are Tomorrow. Here Are Key Milestones on Its Run
Chinese electric-car maker Nio has been one of the biggest gainers in 2020. Tomorrow afternoon is a key moment because quarterly earnings are due. While the Google Trends shows NIO's popularity taking off in June, there were early signs of its potential to climb. In...
Technology & Communication
Media Giant May Be Attempting a Bull-Flag Breakout: Chart Study
Comcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice...