Tag Archives: levels

Stocks fell Monday as traders took a pause after the S&P 500 and Dow logged fresh record highs last week.  The Dow pulled back slightly, shedding fewer than 100 points to steady just below its recent all-time high. The S&P 500 dipped, and the Nasdaq underperformed as technology stocks gave back some recent gains.  For 2021 to date, the cyclical energy and financials sectors have handily outperformed the broader market, overtaking the technology-heavy sectors that led the market higher last… Source link

Federal Reserve officials acknowledge that they need to do a better job on recruiting diverse candidates, noting that central bank policy-making would benefit from a wider array of perspectives. “We’re not at all satisfied with where we are,” Fed Chairman Jerome Powell told Congress on Wednesday. A New York Times piece last month noted that of the Fed’s 870 total Ph.D. economists, only 11 are Black. In other words, Black voices make up only 1% of an institution’s economic team… Source link

In a volatile market environment, with stocks getting buffeted about by a variety of conflicting forces, investors are looking to the expert commentators for some guidance. Covering the macro situation from banking giant JPMorgan, quant strategist Marko Kolanovic believes that we’re in for continued gains in stocks. Kolanovic doesn’t dismiss the recent dips in the S&P 500 and the NASDAQ; rather, he sees them as temporary. Kolanovic points out that we’re approaching the end of Q1 and… Source link

Stocks rose Tuesday, extending last week’s gains as traders returned from a long holiday weekend in the U.S. The Dow, S&P 500 and Nasdaq came off session highs after reaching record levels shortly after market open. U.S. stocks tracked gains in European equities, after UK Prime Minister Boris Johnson said he was “hopeful” the country’s stringent lockdown restrictions could be eased in the coming weeks as the vaccine rollout continues and new daily infections fall further. Other risk assets… Source link

Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link

TipRanks Are These 3 Electric Car Stocks Still Worth Buying? Analyst Weighs In Electric cars are growing in popularity, a trend fueled by social acceptance, the green mentality, and a recognition that the internal combustion engine does have its flaws. Some of those flaws are addressed by electric vehicles (EVs). They bring lower emissions, less pollution from the car, and the promise of high performance off the mark. For the present, the main drawbacks are the high cost and relatively short… Source link

Stocks fell Monday in the first session of 2021 after briefly rising to touch fresh record highs earlier in the session. All three major indices dropped more than 1% intraday on Monday, after the S&P 500 and Dow earlier ticked up to record intraday levels. The S&P 500 closed out December with a 3.7% one-month gain and 16% gain for 2020, capping off an extraordinary year in markets despite the backdrop of the pandemic. Bitcoin prices (BTC-USD) also extended their recent rally over the weekend,… Source link

TipRanks Wells Fargo: 3 Chip Stocks to Buy as We Head Into 2021 Semiconductors are one of the modern world’s essential industries, making possible so much of what we rely on or take for granted: internet access, high-speed computers with high-speed memory, even the thermostats that control our air conditioning – there isn’t much, tech-wise, that doesn’t use semiconductor chips.With the end of 2020 in sight, it’s time for the annual ritual of evaluating the equities for the New Year…. Source link

TipRanks J.P. Morgan: 2 Cruise Line Stocks to Bet on (And 1 to Avoid) The coronavirus pandemic crisis shows no signs of abating, even with a vaccine coming on to the markets. We’re still facing severe social lockdown policies, with a number of states (such as California, Minnesota, and Michigan) forcing even harsher restrictions on this round than previously.It’s a heavy blow for the leisure industry that is still reeling from one of the most difficult years in memory. The difficulties… Source link