The low volatility that’s frustrated traders gives longer-term investors all the more reason to buy stocks, Goldman Sachs portfolio strategists say. The CBOE volatility index (VIX) briefly fell earlier this month to its lowest in more than 23 years, while the S&P 500 has closed at least 1 percent higher or lower on four times […]
Read moreThe “Fast Money” traders shared their first moves for the first day of summer. Pete Najarian was a buyer of Oracle. Tim Seymour was a buyer of Alibaba. Steve Grasso was a buyer of PulteGroup. Guy Adami was a buyer of Whirlpool. Trader disclosure: On June 20, 2017, the following stocks and commodities mentioned or […]
Read moreIn the last 20 years, the U.S. stock market has undergone an alarming change that too few people are aware of. Between 1996 and 2016, the number of listed companies fell by half, from 7,322 to 3,671, according to data from Credit Suisse. This occurred despite the U.S. economy growing nearly 60 percent over the […]
Read moreCheck out which companies are making headlines before the bell: Walgreens Boots Alliance – The drug store operator and lab operator Theranos have reached a tentative settlement of their legal dispute, according to The Wall Street Journal. The proposed deal would see Theranos pay Walgreens less than $30 million, although it has not been finalized […]
Read moreEven though Jim Cramer hates bonds for how boring they are compared to stocks, he cannot discount their intelligence when it comes to predicting day-to-day market activity. “Why should we trust bonds more than our own brains? A couple of reasons,” the “Mad Money” host said. “First, bonds represent trillions of dollars of activity, much […]
Read moreAs U.S. stocks closed lower Tuesday and crude oil fell to a nine-month low on global supply concerns, Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy, discussed three items he is watching for in the market on Wednesday. 1. Existing home sales Shortly after the opening bell on Wednesday, the National Association […]
Read moreThe stock market rally isn’t about to fade anytime soon, according to Piper Jaffray chief market technician Craig Johnson. “We’re still bullish on this market, and we think there’s more room to go,” Johnson said Tuesday, as the S&P 500 slipped from the record levels reached the previous day. In fact, Johnson recently raised his […]
Read more
Interest in chipmaker Nvidia has exploded. From the stock’s average daily volume (more than 10 times that of some similarly sized and priced companies) to the total options open interest (more than six times that of similarly sized and priced companies), investors are appearing to pile into a semiconductor stock that’s tripled over the last […]
Read more
Oil prices sank more than 2 percent on Tuesday, posting a nine-month closing low, on signs of rising production in key parts of the world. West Texas Intermediate crude oil futures ended Tuesday’s session at $43.23, down 97 cents, the weakest settlement since Sept. 16. The U.S. benchmark fell as low as $42.75, the lowest […]
Read moreWall Street doesn’t like to admit to its mistakes, but Pacific Crest was forced to capitulate on its poorly timed downgrade of Nvidia after just over two months. The firm raised its rating for the semiconductor company to sector weight from underweight due to rising cryptocurrency mining demand for its graphics cards. “Meetings with desktop […]
Read more