CNBC’s Jim Cramer said Tuesday that the stock market saw a “genuine rally, and that is a bullish sign.” After two days of selling across the board that left equities oversold, the major averages rebounded with the Dow Jones Industrial Average moving up 207 points, the S&P 500 gaining 0.80% and the Nasdaq Composite advancing … Read more
Like an old school Rocky movie, stocks get knocked down and then climb back up. That’s what happens when we’re in a news-driven market. For example, tweets like this one helped push the Dow down by 700 points yesterday. However, President Trump said that a deal with China could “absolutely happen” and that its current … Read more
Stocks lost over $1 trillion worth of wealth yesterday. Ouch… Now, if you read my article over the weekend, I laid out this piece of advice for you: “You see, stocks are reacting to headlines which means you have to be nimble and take your profits fast because sentiment and trend can change quickly.” On Friday … Read more
U.S. equity futures were in the green in premarket trading Tuesday as investors weighed the impact of the escalating trade war between the United States and China. As of 6 a.m. ET, Dow Jones Industrial Average futures indicated a positive open of more than 100 points. S&P 500 and Nasdaq futures also pointed to early … Read more
Morgan Stanley upgraded shares of Coca-Cola on Tuesday, saying the stock is trading at a very attractive valuation based on its history and relative to likely better-than-expected earnings in coming years. The firm upgraded Coca-Cola to overweight from equal weight and raised the 12-month price target to $55 from $52. Coca-Cola closed Monday at $48.05, … Read more
Speaking at a White House event on Monday evening, U.S. President Donald Trump offered a projection about how much longer Washington and Beijing could be locked in heated trade negotiations. “We’ll let you know in three or four weeks if it’s successful,” he said, according to NBC News. That comes after last week’s trade talks … Read more
Stocks are getting crushed today as hopes for a trade deal dwindled over the weekend following some harsh comments from U.S. officials. And yes, President Trump had some things to say on twitter too… (It’s now a news driven market, and in turn, become a traders market) The market’s fear index, the VIX, is above … Read more
U.S. stock futures pointed to sharp losses on Monday as investors keep fretting over the state of U.S.-China trade relations. As of 6:49 a.m. ET, Dow Jones Industrial Average futures indicated a drop of about 280 points at the open. S&P 500 futures pointed to a loss of 1.1% while Nasdaq 100 futures indicated a … Read more
President Trump made trading great again. His tweets last Sunday pushed the futures lower and brought volatility back into the market. The VIX, the market’s fear barometer, hit levels we haven’t seen since January. So far this year, stocks have been grinding higher…however, with this added volatility it gives us more options in terms of … Read more
Stocks closed in the green on Friday in what was a wild week of volatility in the market. Of course, the big story during the week was tariffs. And on Friday, the U.S. slapped tariffs on $200B worth of Chinese goods. However, the market caught a late rally after President Trump said that his relationship … Read more