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02/12/2021
Wall Street struggled for direction after trading in tight ranges for the second straight session, but closed higher on strength into the closing bell — and more in Friday’s stock market recap. The gains helped the major indexes close higher for the second straight week to extend February’s rally with […]
02/12/2021
Are we on the brink of a bull market in commodities? Today I’d like to try a new segment I’m calling “Chart Check.” But don’t worry, we’ll continue with Saturday Mailbags as well! We’ll just mix these in on some weeks. But for my new segment, I’ll break down the […]
02/12/2021
Global stock markets and U.S. futures are mostly lower this morning following Wall Street’s flat finish, despite the S&P 500 and Nasdaq 100 hitting record levels Thursday. Investor sentiment has been fueled by upbeat corporate earnings this week and hints that the rate of new COVID-19 infections is slowing down. […]
02/11/2021
Wall Street traded in a tight range while closing higher despite a disappointing jobs report — and more in Thursday’s stock market recap. The blue chips traded to a fresh record high during the morning strength. Some caution followed due to the upcoming three-day weekend with the stock market closed […]
02/11/2021
In case you’ve missed it over the past few months, pot stocks are surging again… this time on the promise of potential profits on the horizon. We saw a major sell-off Thursday, but that’s to be expected — not that sharp of course, but some selling is expected at tops […]
02/11/2021
Global stock markets and U.S. futures edged mostly higher this morning following President Joe Biden’s first meeting with China’s President Xi Jinping on Wednesday. But I’m not expecting Biden to make any drastic changes… It’s said that Washington will continue to hold export restrictions on technology and tariffs enforced by […]
02/10/2021
Wall Street set another round of record highs before pulling back, trading in tight ranges afterwards — and more in Wednesday’s stock market recap. The lower close followed worries over short-term economic growth caused by inflation data, and possible pricing pressures if Congress were to pass its latest stimulus proposal. […]
02/10/2021
Are Reddit traders short squeezing pot stocks? Shares of multiple cannabis stocks like Tilray, Canopy Growth and Aphria gapped up hard overnight heading into Tuesday’s open. . In case you already forgot, a short squeeze is when a stock jumps sharply higher, forcing traders who bet that its price would […]
02/10/2021
It’s easy to get why investors flock to growth stocks. I mean, what’s not to love? They give investors and traders an exciting story to tell by offering them the chance to achieve outsized profits. With small-cap stocks showing strength, it looks like that idea is here to stay… And […]