Stocks pulled back from record highs Tuesday, with all three major U.S. indexes down over 1% through early afternoon trading. The drop followed the release of disappointing July retail figures, with sales down 1.1% from June. Headlines point to Delta variant concerns, but restaurants and b
Dogecoin (CRYPTO: DOGE) investors should soon expect to dive in for another major downturn. What Happened: According to a recent AMBCrypto technical analysis, Dogecoin's price rested on support located in the $0.28 area and its 12-hour 200-candle simple moving average.
Ted Turner is battling Lewy body dementia, the CNN founder revealed in an interview that will air over the weekend. Turner told veteran newsman Ted Koppel that he has “a mild case of what people have as Alzheimer’s.”
“It’s similar to that. But not nearly as bad. Alzheimer’s is fatal,” Turner said in an interview for “CBS Sunday Morning.” “Thank goodness I don’t have that. But, I also have got, let’s — the one that’s — I can’t remember the name of it.”
Citigroup’s Alastair Syme and team argue that the earnings from big oil companies like Chevron (CVX), Total (TOT) and Royal Dutch Shell (RDS.A) will be bad…real bad. But that won’t stop the stocks from outperforming. They explain why:
Negative headlines, positive performance: We expect the majority of Big Oil companies to post negative 1Q16 earnings, a brutal headline, but one that clearly reflects the impact of cyclical oil price lows this quarter. The outlook can improve. Our positive thesis on the Big Oil group reflects a belief that the market....More>>>
In the stock market, I have a couple rules I like to follow. One of them is to almost always stay away from stocks trading under $5. After all, there is a reason they are under $5, and its not because things are going well. But every once in a while, one finds a hidden gem among these cheap stocks. I think Rite Aid Corporation (NYSE:RAD) is one of those hidden gems.
I’ve stated my bull thesis on RAD stock before, but I’ll do so here as well.
RAD is a stock that has staged big comebacks before ($2 to $9 in 2001, $2 to $6 in 2003 and $1 to $9 in 2012-14),....More>>>
Can The “Tech Summit” Cause A Short Squeeze In TSLA Stock?
Tesla (NSDQ:TSLA) stock has declined by 20% YTD, massively underperforming the market. But while investors are reluctant to invest in the stock, Tesla has been one of the favorite stocks of short traders for some time now. In the latest fortnight, the short interest in TSLA stock jumped by 13% to35.68 million, a massive 32% of the float, with days to cover increasing from 6 days to 8 days. Since August, short interest has jumped by almost 35%. With days to cover rising to 8 days, a strong positive news may lead to....More>>>