|Day Low/High||270.00 / 276.50|
|52 Wk Low/High||147.63 / 303.17|
Similar to the charts of TWLO and ADBE, ServiceNow looks like it can weaken further, so wait on making new commitments.
Let's examine the hard-hit cloud stocks from a technical point of view.
That the market didn't plummet following the strikes on Saudi oil facilities shows big differences in our economy and reliance on foreign oil compared with just a decade ago.
When you get a chance to buy the best of the best stocks down around 10%, that's a gift.
Bulls and bears are still figuring NOW out.
Investments by major enterprise software firms in AI/machine learning features are growing considerably. Chip developers and cloud service providers that make a lot of these investments possibly stand to benefit.
That's Better Than Feared vs. Worse Than Feared when it comes to these companies' latest reports on a big day for earnings.
Watch closely as the government opens a broad antitrust investigation into unidentified leading online technology platforms
When stock fundamentals and stock valuations diverge, profit opportunities are created.
ILMN shares were down about 15% in Friday trading after they pre-announced a revenue miss for its second quarter.
To effectively generate profits, a trader must pick several companies in a sector and short the whole bunch.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Do we finally have too many new stocks, and are we running out of ammunition to buy them without wholesale liquidation of other stocks?
Despite some soft guidance, Adobe's earnings are strong and those who have been long on are sitting on nice profits -- here're some tips for newcomers on taking a bullish position.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.
You know where the firm has next to no revenue exposure? China.
Simply put, traders at the larger institutions were driven either by risk managers or simple fear out of FANG and information technology, and into anything else.
Also, the Department of Justice reportedly could be preparing an antitrust probe into Alphabet's Google unit.
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
CRM is still suffering, but a number of other cloud stocks are still hot. Here is how to play it.
You all know that I love the software/cloud type names.
There has been some weakening of the bullish case in the past two weeks.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
The downbeat progression of talk is at odds with the market itself.