Semiconductor stocks are breaking down after posting their best year since the financial crisis, and this has negative implications for the broader technology sector. The VanEck Vectors Semiconductor ETF (SMH) is barely positive since the start of 2018, just coming off two months of losses and mired in a relatively weak start to the year […]
Read moreStocks are facing a trifecta of potent issues: the argument that higher earnings are factored into the market (“peak earnings”), that global growth, while still strong, is slowing, and that inflation is picking up. Exactly how much global growth is slowing — if at all — is hotly debated, but the bears have the upper […]
Read moreThe long bull run for stock markets could be due a correction, according to one prominent emerging markets investor. “There could be a substantial correction in the markets,” Mark Mobius, founding partner at Mobius Capital Partners, told CNBC’s Joumanna Bercetche Wednesday. A 30 to 40 percent adjustment is “not unreasonable,” he said, speaking on developed […]
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As Wall Street braces for Apple earnings after the bell Tuesday, some already foresee downside risk for its stock. The problem, says one technician, is that the charts are telegraphing mixed signals. “Anytime I have mixed readings we’d rather side cautiously,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Monday. […]
Read moreThe stock market isn’t even lower on trade concerns because investors hope President Donald Trump gets lucky on China, CNBC Jim Cramer said Tuesday. “We’re in suspended animation here,” Cramer said on “Squawk on the Street,” adding investors are finding it difficult to commit capital to stocks such as industrials without knowing the conclusion of […]
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Apple shares are sitting in correction territory, down 10 percent from their March highs, but one technician says the tech giant is ripe for a breakout when it reports earnings after the bell on Tuesday. “Obviously things move on earnings, I’m going to bet that [Apple’s move] is going to be to the upside,” Carter […]
Read moreEthereum prices took a hit Tuesday after a report that regulators are exploring whether it and other cryptocurrencies should be treated like securities. Both U.S. commodities and securities watchdogs are questioning whether the same rules for stocks should apply to these digital currencies, The Wall Street Journal reported Tuesday. Until now, cryptocurrencies have not been […]
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Bitcoin fell below $9,000 Tuesday, the first trading day of May. The cryptocurrency traded 3.9 percent lower around $8,880 as of 8:49 a.m. ET, according to CoinDesk’s bitcoin price index. The decline followed a gain of about 33.5 percent for April. There was no immediately apparent reason for bitcoin’s drop, which began overnight. Bitcoin has […]
Read moreMore earnings reports from companies linked to Apple have resulted in further evidence that the technology giant could be winding down or stopping production of the iPhone X. Nasdaq-listed Cognex is the latest company to provide clues that Apple may be going down this path. It reported first quarter earnings on Monday that were up […]
Read moreApple will generate significant profits and sales growth over the next three years, according to one Wall Street firm. D.A. Davidson initiated coverage for Apple shares with a buy rating, citing the company’s leadership position in the smartphone market. “With an eye for design, strong share in the premium (high margin) markets for smartphones and […]
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