The best stock-market rally since 1935 has pushed 93% of the stocks in the S&P 500 above their 200-day moving averages. As upward momentum builds on the market, could some of the laggards be poised to pop?
Energy prices were strong on Monday… spot crude oil in New York ticked ever so closer to $80, while oil in London took out last summer’s 77.71 high print. Meantime, natural gas futures in New York faded initial weakness, but then rallied hard. Thus, at this point there is no real point in stepping in front of the NYMEX/ICE freight train, writes Stephen Schork.
Over the past month refiners such as Tesoro and Valero have made sizable gains though the price of oil has gone nowhere. What gives?
A hot July for stocks has set the stage for a rally that should run right into August.
It is now four weeks since the S&P 500 hit its recent closing high of 946.21 on June 12. The benchmark index is down 6.7% since then and some components have been hit harder than others bringing dividend yields back up again. Here is a screen for companies that have been beaten up but might have good value in the longer term.
Following are the day’s biggest winners and losers. Find out why shares of MGM and EMC Corp popped while Monsanto and American Express dropped.
The S&P 500 is down today, and true to the trend of the past few months, oil is following. Read on to see what's behind this pattern.
Notice how sometimes the wind is in your face and other times it’s at your back? It's better when it's your back!
Stocks on Wednesday can't help but feel some of the spillover of Tuesday's euphoric upswing, as the Fed winds down its two-day meeting with an anticipated rate cut.
There have been real signs of capitulation the last few weeks. We knew there was large scale redemption of mutual funds underway. That is normal behavior during stressful market times. What we didn't know was the extent to which hedge funds were bailing out of the market.
Following are the day’s biggest winners and losers. Find out why shares of Long's and Panera popped while Tesoro and US Steel dropped.