Stock Market

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected

by David Haggith This graph shows where my mind goes every time I ask myself how far the S&P 500 is likely to fall before it finds a solid bottom. As you know, I don’t make predictions based on charts, but clearly there is intense convergence of longterm support around the 2,000 level and strong indication of a

After an epic rally to all-time highs, the stock market has been seesawing between the red and the green. The volatility that has ensued wasn’t driven by overtly negative news; progress on a COVID-19 vaccine is being made and economic data has been better-than-expected. BTIG’s Julian Emanuel argues that fewer “upside surprises” could be causing

Check out the companies making headlines in the premarket Monday: Nvidia (NVDA) — Nvidia shares popped more than 6% in the premarket after the company announced it would buy fellow chipmaker Arm Holdings from SoftBank. The deal is valued at $40 billion and Nvidia will finance it through a combination of cash and common stock. Immunomedics (IMMU),

by howmuch Ever wonder why a pint of beer costs a lot in some places, but next to nothing in other parts of the world? Part of the reason has to do with international currency exchange rates, but the biggest reason is that some places are just richer than others, as our latest visualization makes clear. Buy

ByteDance is pursuing a partnership with Oracle as a way to avoid the sale of US operations of its TikTok business, Reuters reported. According to the Reuters report, Oracle (ORCL) will become ByteDance’s preferred technology partner and will take control of TikTok’s US operations. Additionally, Oracle is also in talks to take an equity stake

September has been anything but kind to tech stocks. After hitting a record high at the beginning of the month, fears that tech valuations had climbed too high crept into investors’ minds. As a result, tech stocks have been feeling the heat, with the NASDAQ down 10% since September 2. The index currently sits at

September traditionally signals back-to-school, but has the month signaled something else for investors? To follow up a historic rally, September has seen steep losses across the board, with the S&P 500 slipping 5% since the month kicked off. This decline has led some to wonder, is this just a correction, or is it the beginning

SoftBank Group Corp. is on the cusp of inking a deal to sell British chip designer Arm Holdings to Nvidia (NVDA) for more than $40 billion, says the Wall Street Journal, citing people familiar with the matter. According to the report, the cash-and-stock deal currently being negotiated would value Arm in the low $40 billions,

Not many consider social media giant Facebook (FB) a slouch on the development front, but one top analyst argues “the market may be underappreciating the level of product development at FB.” RBC analyst Mark Mahaney counts three “promising product initiatives” which he believes aren’t receiving the attention they deserve. The first is Facebook Marketplace. Estimated

Source: hindenburgresearch.com/nikola/ “Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career. We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton. We have

Red-hot tech stocks fell off a cliff this month, and Netflix (NFLX) stock was no exception — the stock tumbled nearly 13%. Nevertheless, 2020 so far has been bountiful enough for a stock boosted by the coronavirus tailwinds, with shares up by 49% year-to-date.   So, can Netflix resume the accumulation of share gains? Or

The markets might be in turmoil, but spare a thought for the current woes at biotech Amarin (AMRN). Over the past 7 trading sessions, shares have retreated by 44% as investors charged to the exit doors following a botched date in court. Last week, an appeals court rejected Amarin’s appeal concerning a lost patent court

Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter

Tesla (TSLA) stock has taken investors on quite the roller-coaster ride. It is now trading at $372.72 per share, down 25% this month, which in turn reflects a 13% rise from $330 per share just a few days prior.  The tech rally’s poster boy was hit the hardest during the recent downturn, and its exclusion

Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Markets are looking

Surprise surprise… Mortgage credit conditions are at their tightest levels in 6 years. Now down a record of 32% YoY in August! No kidding the Fed had to buy $600B of MBS in the last 6 months. pic.twitter.com/6LD8cKGUMf — Otavio (Tavi) Costa (@TaviCosta) September 11, 2020 29.2 Million. That’s how many people are currently collecting

After a record-breaking August surge, volatility has made its way back to the Street. With COVID-19 continuing to impact the financial landscape and the race to the White House narrowing, the recent market volatility convey the uncertainty hanging in the balance. That’s not to say compelling plays can’t be found in the current financial environment.

by Michael Snyder If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?  As you will see below, more than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton earned 27 cents per share for its latest quarter, compared to the consensus estimate of 10 cents a share. The exercise equipment maker’s revenue also topped expectations. The profit was Peloton’s first ever, with revenue nearly tripling on the

Apparel sales took a huge hit due to the temporary closure of retail stores amid the pandemic-led lockdowns. Even after the gradual reopening of global economies, the apparel industry is struggling as consumers are cutting down on their discretionary spending amid challenging macroeconomic conditions. One favorable outcome amid the current crisis was the rise in

by Charles Hugh-Smith While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart. How will the status quo collapse? An open conflict–a civil war, an insurrection, a coup–appeals to our affection for drama, but the more likely reality is

The recent news of an adverse reaction suffered by a participant in AstraZeneca’s Covid-19 vaccine candidate’s clinical trial demonstrated that getting an approved vaccine to market is no straight forward matter. What the unfortunate event also shows, is that the race to be first across the finish line with a viable solution is far from

Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Check out the companies making

by Chris Vermeulen of The Technical Traders RESEARCH HIGHLIGHTS: The washout-low price move in FANG stocks may present a needed rotation in price before another upside move sets up. Tweezer Bottoms pattern and RSI pennant formation suggest very clear support levels. Watch how Volume and the VIX pick up over the next few days, and how price reacts

Goldman Sachs upgraded Sanderson Farms to Buy from Hold and raised the price target to $139 (14.3% upside potential) from $127 on attractive valuation. Shares have lost 31% this year. The stock is up about 2% in pre-market trading. Goldman analyst Adam Samuelson said an “increasingly attractive valuation for SAFM in light of near-term poultry

Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – The drugmaker said it should know before the end of the year whether its experimental Covid-19 vaccine is effective, if it can resume clinical trials soon. Late-stage trials are currently suspended while an independent safety committee investigates an illness suffered

Despite a challenging business environment, convenience store chain Casey’s General Stores beat analysts’ earnings expectations and was essentially in line with revenue forecast for the first quarter of fiscal 2021, which ended on July 31. Casey’s (CASY) offers self-service gasoline, grocery items and freshly prepared food items in over 2,200 stores. The company’s first-quarter EPS

by Michael Snyder 2020 has been an incredibly difficult year for the U.S. as a whole, but no part of the country has been hit harder than the states along the west coast.  It has just been one thing after another all year long, and now unprecedented wildfires have turned the skies bright orange and

Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Slack — Shares of Slack tanked 14% after its quarter results showed steady growth instead of an expected boost from the coronavirus. Although it beat on full-year guidance, the team communications software company’s revenue growth came in below 50%