After yesterday’s “trick,” investors received a “treat” at the end of the trading week, as the stock market regained its footing and bounced back a bit. Even though the October nonfarm payrolls were much weaker than expected—up by 12,000 when the Dow Jones estimate was for an increase of 100,000 jobs—the market shook it off. The decline is attributed to ...
In this StockCharts TV video, Mary Ellen reviews the negative price action in the broader markets while highlighting pockets of strength. She shares how the rise in interest rates is impacting the markets ahead of next week’s FOMC meeting. Last up is a segment on how to use longer term charts to uncover long term winners and ride out short term ...
In this video from StockCharts TV, Julius begins by looking back at the completed monthly bars for October to assess the long term trends in the 11 S&P sectors. He follows that up with an updated view for SPY in coming weeks. After that, Julius looks forward using seasonality to find sectors that have strong seasonal tendencies and overlays them ...
Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company’s subscription services, such as BlueCruise, Pro Intelligence, connectivity and security. He also led the company’s digital product team. Stern is slated to step down from his role at Ford and ...
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned out, S&P was calling the top. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81 and had a market cap of almost $70 billion. ...
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are coming. “There is a reality to it,” said Brian Ong, vice president of Google recruiting, according to a recording of the meeting reviewed by CNBC. “We are hiring less than we did ...
Benched. It sounds cold. Maybe even cruel. A sobering NFL reality check. Yet very necessary in the case of Anthony Richardson. If Richardson, 22, drafted fourth overall in 2023 to become the franchise quarterback for the Indianapolis Colts, ultimately lives up to his lofty promise – in 2025, 2027, in a Colts uniform or not – his benching this week ...
The Week 10 college football schedule is on the light side, with seven of the Top 25 teams in the US LBM Coaches Poll idle. But that still gives our panel of prognosticators plenty of matchups to consider as we kick off the month of November. Topping the marquee, of course, is the top-five showdown in State College as No. ...
NEW YORK – They waited 15 years to reach baseball’s biggest stage, only to shrink in the biggest moments. They pride themselves on developing and importing players tough enough for the game’s biggest market – only to get exposed, themselves, when it mattered most. And when the New York Yankees scattered for the winter on Wednesday night, they did so ...
From established players to up-and-coming firms, Canada’s pharmaceutical company is diverse and dynamic. Canadian pharma companies are working to discover and develop major innovations amidst an increasingly competitive global landscape. Rising technologies such as artificial intelligence are playing a role in the landscape as well. 1. Cipher Pharmaceuticals (TSX:CPH) Company Profile Year-to-date gain: 187.86 percentMarket cap: C$462.9 millionShare price: C$15.89 ...
Biotech is a dynamic industry that is driving scientific advancements and innovation in healthcare. In Canada, the biotech industry is home to companies pursuing cutting-edge therapies and medical technologies. According to Grandview Research, the global biotech market was worth US$1.55 trillion in 2023, and the firm expects it to grow at a CAGR of 13.96 percent between 2024 and 2030 ...
Canadian oil and gas stocks have faced a rollercoaster ride over the past few years. However, analysts remain optimistic about the sector, and there are signs that oil and gas companies in Canada may be in a multi-year bull market. The top oil and gas stocks on the TSX and TSXV have been posting gains despite volatile market conditions, and ...