|Day Low/High||250.81 / 254.67|
|52 Wk Low/High||115.29 / 284.50|
What happens after this is likely a flurry of deals that will require more selling and that begins to cut into the tech stocks with much lower valuations like Facebook, Apple and Alphabet.
At least part of the market's negative reaction to the Fed on Wednesday may be tied to two factors.
We're seeing the potential start of an epic deluge of new stock from companies that are private and eager to cash out, and guess who will be the losers?
The FOMC, and Powell himself, will have to address the central bank's plan to target average consumer level inflation over time.
People continually want to buy these names because they are cheap. But are they really?
Also, several scheduled events this week, election risk, earnings to watch.
First, let's closely watch this semiconductor company for the telecoms, and then examine the industrials, transports and retailers.
This diversification strategy lets you to capture stock market upside, while not risking your shirt.
What happened Thursday was that the extremely overbought big-cap technology stocks finally shed a bit.
Plus, reading tea leaves in the recent action in Apple and Salesforce.com.
The response to GeForce has been overwhelmingly positive.
Let's break down some of the myths, realities and mistakes we're seeing play out -- and talked about -- right now.
How September markets digest August ahead of momentous events will be far more important to uptrend maintenance than how August closed.
Apple's weight in the (price-weighted) Dow Jones Industrial Average, effective this morning, will be reduced from 12% to 3% -- based on the company's 4-1 stock split. In response to that split, Amgen , Honeywell , and Salesforce are being added to t...
September, not October, is historically the weakest month of the year for equity markets, though October has had more high profile collapses.
We'll see if the Apple and Tesla splits and DJIA rebalancing has any impact on the current trend.
With today's job layoffs at Salesforce , Coca-Cola and MGM - we culminate worrisome employment data announced throughout the week.
It isn't just valuation that is likely to drive rotational action.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
The real action was in a smaller group of software and technology stocks that leaped higher following a strong earnings report from Salesforce.com.
In this market where all bets are on -- look at CRM, TSLA, AAPL -- sometimes I have to remember my mom's advice on when to ring the register.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
Does one consider adding today? No, not at the high of a two day rampage. There will be other days.
The enterprise software giant's charts indicate its shares could push much higher after it reported a big earnings beat on Tuesday.
The negative developments that the market timing bears have been anticipating just aren't occurring.
It's likely that Powell may try to change the way the Fed targets inflation, and what the public expects going forward.
The company's backlog of revenue set to be recognized in the next 12 months grew much more strongly than expected.
Let's look at the Dow Jones' swapping of Exxon for Salesforce, Pfizer for Amgen and Raytheon for Honeywell.