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Videogame Slowdown Is the Latest Negative to Hit Semiconductor Stocks

Videogame Slowdown Is the Latest Negative to Hit Semiconductor Stocks

Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...

Stocks Break Support as Bears Spread from Big Tech to the Broader Market

Stocks Break Support as Bears Spread from Big Tech to the Broader Market

Stocks just had their worst week since early in the pandemic as big indexes knifed through key support zones. The S&P 500 plunged 5.7 percent in the holiday-shortened week between Friday, January 14, and Friday, January 21. It was the biggest drop since mid-March...

Tesla, Netflix and These Other Tech Stocks Broke Out Yesterday

Tesla, Netflix and These Other Tech Stocks Broke Out Yesterday

Tesla, Netflix and Amazon.com are leading a breakout in the technology sector as investors prepare for the Fourth of July weekend. The e-commerce giant, electric-car maker and streaming-video provider closed at new highs yesterday. But they weren't alone. Many smaller...

Stocks Hold a Key Level Again as the Economy Reopens

Stocks Hold a Key Level Again as the Economy Reopens

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...

Uber and Pinterest Lead Rally in Newer Tech Stocks: Earnings This Week

Uber and Pinterest Lead Rally in Newer Tech Stocks: Earnings This Week

Smaller and newer technology stocks have rallied on strong earnings in the last week, even as older companies stagger. Uber Technologies (UBER), Shopify (SHOP) and Pinterest (PINS) jumped after announcing their quarterly numbers. Each company beat earnings and revenue...