|Day Low/High||48.29 / 51.23|
|52 Wk Low/High||10.10 / 52.05|
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
I expect the indices will jump around again soon on news about fiscal stimulus.
Let's look at the three main ways stocks can go up, and which of those we're seeing in action right now.
They are the charts of the S&P 500 and U.S. dollar, and their patterns could influence most stocks, commodities and currencies.
The pockets of strong movement are very narrow right now.
When markets move lower, price action reveals names that institutions are reluctant to sell.
There are and will continue to be winners and losers as the outmigration from big cities isn't likely to abate anytime soon.
The high dollar nature of the stock will scare some away, but the consolidation over the past two months is too much to ignore.
Let's call it the highest risk time to own stocks since the end of March.
With SNAP and PINS we can't predict what's going to happen, but with a watchlist, we can say, 'if this happens, then I'll respond by doing that.'
The initial target here is $16 with a secondary target of $17.50 on this breakout, with a time frame of a month or less.
While some growth stocks have been bid up to extreme valuations, others could look intriguing if markets see a meaningful downturn.
News out about Microsoft Edge's integration with PINS has helped spur another trade in the name.
Amid the Covid-19 environment, people are looking for other income ideas, drawing them to sites such as Pinterest.
This comes across as one where you are only going to bring in a solid profit if you are willing to risk direction.
Feeling anxiety about actually stepping foot into stores once that becomes 'available' may be enough to spur a push into SFIX.
The eye-catcher isn't the price action but the sheer number of call contracts we are seeing trade.
Splitting one's bets between blue chips and a smaller basket of high-upside plays with more risk could work well over the long run.
Valuations look appealing for some U.S. Internet companies that have joined equity markets in selling off over the last week.
I think PINS is going to have a nice earnings win streak, and here's how I'm playing it.
UBER and PINS make me feel that they have pivoted from unicorn status and are now about showing Wall Street that they can make a lot of money if they want to.
Pinterest isn't exactly known for its conservative moves around earnings.
This move by Beijing comes on top of massive injections of liquidity into that nation's financial system earlier this week.