The major indexes easily remained in their current uptrend channels while making higher highs throughout the week. The one index that slacked were the small-caps as the Russell was down about 1% for the week. This wasn’t too surprising as the index outpaced the other major indexes over the prior two weeks. Shaky but key […]
Category Archives: Hot Stocks
After the close on Wednesday, Nvidia (NVDA) once again topped earnings estimates but the reaction was muted as shares were down 3%. The company topped forecasts by six cents a share with revenue also beating by $1.9 billion. There have been times where this stock has lifted the entire market but the parabolic rise seems […]
“At some point this month, or next, RSI levels will likely give hints of when the market is topping, especially if 70 holds in the upcoming week. This would then be considered the start of a back-and-fill process following last week’s breakout to higher highs. The key for the bulls will be to hold fresh […]
Once again, the action on the Volatility Index (VIX) was money after the close below 20 AND 17.50 on Wednesday. The prior Thursday, Friday, and Monday peaks failed to clear 24 which would have been a bearish signal ahead of the election. Tuesday’s low on the VIX was at 20.20 and basically a half-point close above key […]
Before the open: Bank of Hawaii (BOH), Cadence Bancorporation (CADE), Kimberly-Clark (KMB), OFG Bancorp (OFG) After the close: AGNC Investment (AGNC), Boot Barn Holdings (BOOT), Covenant Logistics Group (CVLG), Crane (CR), Flexsteel Industries (FLXS), Graco (GGG), H.B. Fuller Company (FUL). Hexcel (HXL), J & J Snack Foods (JJSF), ServisFirst Bancshares (SFBS), Steel Dynamics (STLD), […]
Shares of BlackBerry Ltd. (NYSE: BB) rallied 8% after the company said it has settled the disputes over patent royalties against Facebook Inc. (Nasdaq: FB) for terms that weren’t disclosed. BlackBerry had sued Facebook in 2018 in a fight over messaging patents and was then countersued over patents for voice messaging technology.