It's difficult to say whether you have been a good stock picker in tech when the whole sector is in such a strong bullish trend. Many tech stocks have been overhyped and posted huge rallies even if they continued to report growing losses and
There seems to have been an overreaction to the downside in L Brands (NYSE:LB), as shares are now down well over 20% from their December highs. It would be interesting to see if the stock's 200-day moving average of about $46 per share will be able to put a stop to this very steep recent decline
This is truly a drillship season! Ensco (ESV) reported contracts for 3 drillships, then Seadrill (SDRL) reported a contract for West Saturn. Now Noble Corporations (NE) fleet status report is out and it includes a new drillship contract. Id like to note that Noble reports fleet status on a monthly basis, so its hard to expect many developments in each of the reports in the current market environment.....More>>>
Following stocks that have a long term product (like uranium, for example) is, like golf, an exercise in emotional management. It’s frustrating when no news is forthcoming, or when the time between investment and return moves at a glacial pace. Sometimes it’s easier to become enamored of stocks that deliver immediate information, or satisfaction, than it is to sit....More>>>
Investors like FedEx’s (FDX) earnings. A lot. So much so that they’ve pushed its shares up 10.83% to $159.90 at 1:38 p.m. And if FedEx holds onto that gain it would be its biggest one-day move since Sept. 19, 2002, when it climbed 11.59%.
Christopher Dilts/Bloomberg News
Why the response? RBC’s John Barnes and team write that there’s “no weakness....More>>>
The payment processor segment has been absolutely on fire this year. Firms from domestic PayPal (NASDAQ:PYPL), Square (NYSE:SQ) and Fiserv (NASDAQ:FISV) to European based Wirecard (OTCPK:WCAGY)(OTCPK:WRCDF) and Worldpay Group (OTCPK:WPYGY) have mostly seen significant growth. Even private St