Stocks had a rough day. It was the first day of trading in this short trading week, with markets closed yesterday for Martin Luther King Jr. Day. After the best start to the year since 1987, stocks were probably due for a pullback. And it was growth, or growth concerns to be exact, that was … Read more
Activist hedge fund Elliott Management announced a $1.4 billion stake in eBay in a letter to the e-commerce company’s board on Tuesday. Elliott’s stake, which represents more than 4 percent of eBay’s shares, comes with an extensive letter of recommendations for the company’s future. The fund’s “Enhance eBay Plan” suggests the company spin off StubHub … Read more
Futures are indicating that stateside stocks are set for a rocky start to their trading week on Tuesday. That follows declines in the Asian markets and gloomy comments from the ongoing World Economic Forum in Davos. Dow Jones Industrial Average futures declined 165 points, as of 6:11 a.m. ET on Tuesday. That translated to an … Read more
Stocks were lower on Monday. Then it was up, up, and away! After 4 straight winning days, stocks finished the week with strong gains. It was the 4th winning week in a row, and the longest weekly win-streak since August. With last week’s gains, the S&P is now up 6.5% for the year. This is … Read more
Many of you know Davis Martin is an early riser… Up at 3am ET this morning, scanning, now back from the gym after having initiated his Daily Profit Machine Trade of The Day scan and ready to end the week strong! In fact, having a background as a paycheck to paycheck (broke) personal trainer, a … Read more
Tesla is cutting its full-time staff headcount by about 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. The announcement follows recent cost-cutting measures the company has made in a bid to reduce the price of its products and boost margins. Tesla shares fell almost 7 percent … Read more
U.S. stock index futures pointed to a higher open on Friday morning as investors digested reports that the Trump administration could reduce tariffs imposed on China. As of 7:20 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 130 points. S&P 500 and Nasdaq 100 futures were also higher. The stock … Read more
One thing is for certain. Traders are ready for some positive trade news! Stocks kicked off the day with losses. But after the open stocks rallied, filling the gap between the open and yesterday’s close. There was a slow drift higher during lunch. Then a little after 2:30pm ET, stocks took off out of nowhere! … Read more
Stocks rose slightly on Thursday as investors awaited the release of Netflix’s latest quarterly results, but gains were held in check amid weaker-than-expected Morgan Stanley earnings and uncertainty around the Chinese economy. The S&P 500 climbed 0.2 percent as the materials sector outperformed. The Nasdaq Composite also gained 0.2 percent as Netflix posted slight gains. The … Read more
U.S. stock futures fell on Thursday after Morgan Stanley’s latest quarterly results disappointed investors. Wall Street also grappled with uncertainty around the Chinese economy. At 7:25 a.m. ET, Dow Jones Industrial Average futures were down 107 points, indicating a decline of 132.16 points at the open. S&P 500 and Nasdaq 100 futures also pointed to … Read more