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StockNews.com Initiates Coverage on BlackRock (NYSE:BLK)

Oct 11, 2024 | 23:21 pm

StockNews.com initiated coverage on BlackRock in a research report on Saturday. They issued a "hold" rating on the stock.

AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com assumed coverage on AMCON Distributing in a research report on Saturday. They issued a "hold" rating for the company.

CrossAmerica Partners (NYSE:CAPL) Upgraded at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com upgraded CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a report on Saturday.

BlueLinx (NYSE:BXC) Raised to Buy at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com upgraded BlueLinx from a "hold" rating to a "buy" rating in a research note on Saturday.

Dine Brands Global (NYSE:DIN) Upgraded to Buy by StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com upgraded shares of Dine Brands Global from a "hold" rating to a "buy" rating in a research report on Saturday.

Catalent (NYSE:CTLT) Receives New Coverage from Analysts at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com began coverage on Catalent in a research note on Saturday. They set a "hold" rating for the company.

Comfort Systems USA (NYSE:FIX) Upgraded by StockNews.com to Buy

Oct 11, 2024 | 23:21 pm

StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday.

EPAM Systems (NYSE:EPAM) Raised to Buy at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday.

GeoPark (NYSE:GPRK) Downgraded by StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com cut shares of GeoPark from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Griffon (NYSE:GFF) Upgraded to Strong-Buy by StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com raised shares of Griffon from a "buy" rating to a "strong-buy" rating in a report on Saturday.

HDFC Bank (NYSE:HDB) Lowered to Sell at StockNews.com

Oct 11, 2024 | 23:21 pm

StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Saturday.

Why I’d ignore Phoenix Group and buy other cheap UK shares for my ISA

Oct 11, 2024 | 23:20 pm

Pheonix Group’s dividend yield has reached 9.6% -- the highest in the FTSE 100! These UK shares could be an income investor’s dream... or a trap. The post Why I’d ignore Phoenix Group and buy other cheap UK shares for my ISA appeared first on The Motley Fool UK.

Premium Nickel Resources (CVE:PNRL) Stock Price Up 4.1% - Still a Buy?

Oct 11, 2024 | 23:17 pm

Premium Nickel Resources (CVE:PNRL) Stock Price Up 4.1% - Here's What Happened

Rubellite Energy (TSE:RBY) Trading 0.9% Higher - Time to Buy?

Oct 11, 2024 | 23:17 pm

Rubellite Energy (TSE:RBY) Stock Price Up 0.9% - Should You Buy?

European Opportunities Trust (LON:EOT) Stock Price Up 0.4% - Here's What Happened

Oct 11, 2024 | 23:17 pm

European Opportunities Trust (LON:EOT) Stock Price Up 0.4% - What's Next?

Algoma Steel Group (TSE:ASTL) Stock Price Up 0.4% - What's Next?

Oct 11, 2024 | 23:17 pm

Algoma Steel Group (TSE:ASTL) Shares Up 0.4% - Here's What Happened

kneat.com (TSE:KSI) Shares Down 0.4% - Should You Sell?

Oct 11, 2024 | 23:17 pm

kneat.com (TSE:KSI) Shares Down 0.4% - Time to Sell?

Fury Gold Mines (TSE:FURY) Trading 5.2% Higher - What's Next?

Oct 11, 2024 | 23:17 pm

Fury Gold Mines (TSE:FURY) Trading 5.2% Higher - Should You Buy?

International Media Acquisition (NASDAQ:IMAQ) Shares Down 0.9% - Time to Sell?

Oct 11, 2024 | 23:17 pm

International Media Acquisition (NASDAQ:IMAQ) Shares Down 0.9% - Time to Sell?

Bridgepoint Group (LON:BPT) Trading 1.2% Higher - Time to Buy?

Oct 11, 2024 | 23:17 pm

Bridgepoint Group (LON:BPT) Stock Price Up 1.2% - Here's Why

Ballard Power Systems (TSE:BLDP) Trading Up 4.5% - Here's What Happened

Oct 11, 2024 | 23:17 pm

Ballard Power Systems (TSE:BLDP) Shares Up 4.5% - What's Next?

ActiveOps (LON:AOM) Stock Price Down 0.7% - Time to Sell?

Oct 11, 2024 | 23:17 pm

ActiveOps (LON:AOM) Stock Price Down 0.7% - Time to Sell?

Getty Realty Corp. (NYSE:GTY) Short Interest Down 39.2% in September

Oct 11, 2024 | 23:17 pm

Getty Realty Corp. (NYSE:GTY - Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 2,360,000 shares, a decline of 39.2% from the September 15th total of 3,880,000 shares. Based on an average daily volume of 351,200 shares, the short-interest ratio is presently 6.7 days.

Alto Ingredients, Inc. (NASDAQ:ALTO) Short Interest Update

Oct 11, 2024 | 23:17 pm

Alto Ingredients, Inc. (NASDAQ:ALTO - Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 503,300 shares, a decline of 39.3% from the September 15th total of 829,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 446,000 shares, the short-interest ratio is presently 1.1 days.

DWS Strategic Municipal Income Trust (NYSE:KSM) Short Interest Up 90.3% in September

Oct 11, 2024 | 23:17 pm

DWS Strategic Municipal Income Trust (NYSE:KSM - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 13,700 shares, a growth of 90.3% from the September 15th total of 7,200 shares. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is presently 0.6 days.

Hamilton Insurance Group, Ltd. (NYSE:HG) Short Interest Up 90.9% in September

Oct 11, 2024 | 23:17 pm

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,400,000 shares, a growth of 90.9% from the September 15th total of 733,200 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 707,900 shares, the days-to-cover ratio is presently 2.0 days.

Heritage Global Inc. (NASDAQ:HGBL) Short Interest Up 91.2% in September

Oct 11, 2024 | 23:17 pm

Heritage Global Inc. (NASDAQ:HGBL - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 19,500 shares, an increase of 91.2% from the September 15th total of 10,200 shares. Based on an average daily volume of 89,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company's stock are short sold.

iTeos Therapeutics, Inc. (NASDAQ:ITOS) Short Interest Update

Oct 11, 2024 | 23:17 pm

iTeos Therapeutics, Inc. (NASDAQ:ITOS - Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,820,000 shares, an increase of 92.0% from the September 15th total of 2,510,000 shares. Based on an average daily volume of 518,700 shares, the short-interest ratio is presently 9.3 days. Currently, 17.2% of the company's stock are short sold.

Kinross Gold Co. (NYSE:KGC) Short Interest Update

Oct 11, 2024 | 23:17 pm

Kinross Gold Co. (NYSE:KGC - Get Free Report) (TSE:K) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 8,640,000 shares, a drop of 39.4% from the September 15th total of 14,260,000 shares. Based on an average trading volume of 15,920,000 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the company's stock are sold short.

WEBTOON Entertainment Inc. (NASDAQ:WBTN) Short Interest Up 71.5% in September

Oct 11, 2024 | 23:17 pm

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,350,000 shares, an increase of 71.5% from the September 15th total of 1,370,000 shares. Approximately 16.0% of the shares of the stock are sold short. Based on an average trading volume of 471,700 shares, the short-interest ratio is currently 5.0 days.

Short Interest in Horace Mann Educators Co. (NYSE:HMN) Expands By 92.8%

Oct 11, 2024 | 23:17 pm

Horace Mann Educators Co. (NYSE:HMN - Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 712,500 shares, an increase of 92.8% from the September 15th total of 369,500 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 260,700 shares, the short-interest ratio is presently 2.7 days.

Could 5 November create fireworks for Tesla stock?

Oct 11, 2024 | 23:00 pm

America chooses its next president in early November. Our writer considers how the result might affect the Tesla stock price. The post Could 5 November create fireworks for Tesla stock? appeared first on The Motley Fool UK.

How to target a £30k passive income with just £50 a week

Oct 11, 2024 | 23:00 pm

Looking to earn passive income? Deploying this strategy could be key to improving long-term financial status, even with just £7 a day. The post How to target a £30k passive income with just £50 a week appeared first on The Motley Fool UK.

A beginner's guide to factor investing: Tailor portfolios with low-cost funds

Oct 11, 2024 | 22:59 pm

Factor investing targets specific factors to generate returns. Factor funds in India are low-cost index funds or ETFs. By focusing on factors like quality, value, size, momentum, and low volatility, investors can tailor portfolios to their goals. Factor investing aims to capture specific drivers of returns which have historically outperformed the market.

Large IPOs typically signal market peaks but this time might be different

Oct 11, 2024 | 22:55 pm

The Indian stock market has evolved, especially with IPOs, which raise capital without adding debt. Regulatory changes like ASBA have streamlined IPO processes, enhancing liquidity and investor confidence. However, large IPOs can still impact market dynamics by shifting supply and demand post-listing.

Learn With ETMarkets | The effect of corporate earnings reports on stock prices: What to look out for

Oct 11, 2024 | 22:30 pm

Earnings season is crucial in financial markets, impacting stock performance based on reported profits, revenues, expenses, and earnings per share. Investor decisions hinge on how outcomes meet expectations and future guidance. Market sentiment and surprises in results also play significant roles in stock price fluctuations.

How fitness fuels success: Rashesh Shah's journey from boardroom to IRONMAN

Oct 11, 2024 | 22:19 pm

Rashesh Shah, Chairman of Edelweiss Group, shares his fitness journey and how it has influenced his leadership style and personal life, emphasizing discipline, balance, and mental and physical well-being.

Wall Street Week Ahead: Health of US consumer in focus as earnings season heats up

Oct 11, 2024 | 21:29 pm

Investor attention will focus on U.S. consumer health next week, with earnings reports and retail sales data expected to confirm economic resilience. Key reports from major banks and companies like Netflix and American Express will provide insights into consumer spending, amidst economic optimism and stock market gains.

Stocks climb on bank earnings boost, US yields dip

Oct 11, 2024 | 21:26 pm

Global stocks rose driven by solid U.S. bank earnings and expectations for Federal Reserve rate cuts amid cooling inflation. Key data such as the unchanged U.S. producer price index and mixed consumer sentiment underscored economic stability. Major U.S. indices hit record highs, despite Tesla's significant share dip.

STOXX 600 touches 1-week high; China stimulus, earnings eyed

Oct 11, 2024 | 21:24 pm

European stocks ended Friday at a one-week high as investors focused on China's stimulus plans, corporate earnings, and an upcoming European Central Bank interest rate decision. Major indexes like STOXX 600, FTSE 100, DAX, and IBEX saw gains, with market attention also on France's 2025 budget.

S&P 500, Dow hit records, boosted by bank earnings surprise

Oct 11, 2024 | 21:22 pm

The S&P 500 and Dow closed at record highs, boosted by strong earnings from financial companies. JPMorgan Chase, Wells Fargo, and BlackRock led gains. Inflation data also supported expectations for a Federal Reserve rate cut in November. Meanwhile, Tesla shares slumped after unveiling its robotaxi without production details.

JP Morgan raises price targets on telecom Cos

Oct 11, 2024 | 21:15 pm

JP Morgan has raised price targets for Indian telecom stocks, predicting an 8-38% upside by December 2025. The brokerage upgraded Vodafone Idea to 'Neutral' and emphasized potential benefits from anticipated 15% tariff hikes across Bharti Airtel, Bharti Hexacom, and Idea, despite subscriber losses.

Sebi Clarifies on Debt Sale Approval Norms Post Mkt Queries

Oct 11, 2024 | 21:13 pm

The Securities and Exchange Board of India (Sebi) has clarified that recent amendments to debt sale approvals do not necessitate board approvals for each bond issuance but require the board to be informed prior to opening the issue, addressing operational concerns from market players.

Housing finance companies may miss out on festive demand

Oct 11, 2024 | 21:07 pm

Housing finance companies are anticipating a delay in the festive season demand surge due to pending government guidelines on the PMAY and Affordable Housing Refinance Scheme. The PMAY subsidy aims to provide ₹1.80 lakh for home loans up to ₹25 lakh, while the refinance scheme offers a 5% interest rate for housing loans disbursed in the past year.

PSU stocks showing technical weakness, says brokerage CLSA, sees downside risks

Oct 11, 2024 | 21:03 pm

PSU stocks appear technically weak, with the BSE PSU index breaking below the 200-day moving average, indicating potential underperformance. Downside risks are noted in Coal India and Power Finance, with specific target levels for short selling and stop-losses highlighted by analysts from CLSA.

Private Life insurers outshine LIC in September

Oct 11, 2024 | 20:59 pm

India's life insurance sector experienced a 14% year-on-year growth in new premium collections last month. Private insurers saw a 16% increase, outpacing LIC's 12% rise. Among private players, ICICI Prudential Life and Max Life recorded notable growth. This comes amid regulatory changes in surrender charges and increased interest in unit-linked insurance plans.

The One Volume Indicator You Should Follow

Oct 11, 2024 | 19:00 pm

I was asked recently about volume, specifically why I don't feature volume often on my daily market recap show, CHART THIS with David Keller, CMT. I replied that when I was learning the technical analysis toolkit earlier in my career, I very much paid attention to volume indicators.But in the years to follow, I developed a process that focused more on trend and momentum, and I felt the approach worked quite well despite the lack of volume inputs. But there is one indicator that has been fairly successful at recognizing market turns over the last year, and it's a chart I will be following closely in the weeks to come.Volume to Chaikin Money FlowFirst, let's talk about how we measure volume over time. The easiest way to represent volume is with the daily volume bars, helping us determine if today's volume is above or below average. And while that can be helpful for navigating the short-term environment, it doesn't help us assess how volume is evolving over time.Famous strategist Joe Granville developed the concept of "On Balance Volume" where he created a cumulative total of volume by adding up days' volume and subtracting down days' volume. Similar to an advance-decline line, it does help to indicate the general directional trend in volume.The issue here is that we're taking an entire day's volume and considering it all bullish or all bearish, depending on whether the close was higher than yesterday. But what about if we finished at the high or the low of the day. Shouldn't that matter in some way?An Advance-Decline Line for VolumeAnother legendary technician, Marc Chaikin, improved on Granville's work by looking at every day's price bar. If the close was closer to the high, then that day's volume should be worth more in the running total. And if the close was near the middle of the range, that day's volume should be worth less in the calculation.Now we can see the running total of daily volume, but with more value given to the days with highs near the high or low for the day. So big up days and down days become much more important when we consider the overall trend in volume.When the indicator is above zero, it's shaded green, and long-term uptrends often feature extended periods of green. When the indicator is below zero, represented with the red shading, this suggests a period of distribution, as the down volume appears heavier.Watching for Volume DivergencesWhile crossing below the zero line would represent a general rotation in volume from more accumulation to distribution, the real benefit of this indicator is in the early warning sign based on divergence.As the market was moving higher in July 2023 into the eventual August high, we saw a decline in the Chaikin Money Flow. We observed a similar pattern in March 2024, as the SPY pushed higher even as the CMF was trending lower, as well as in July 2024.Notice how the current reading shows the Chaikin Money Flow reading as still quite strong for the S&P 500? This suggests that the market is still in a position of strength, given the stronger bullish volume in recent weeks. But this chart also tells us to keep a wary eye on the CMF in the coming weeks, because a bearish divergence here could provide an early warning sign to mindful investors staying attuned to the rhythm of the markets.Heads up! We just launched our new podcast, Market Misbehavior with David Keller, CMT, in October! Check out our recent interviews with Mark Newton, Joe Rabil, Mish Schneider, and Mike Livingston. Lots more great conversations coming your way very soon!RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTPresident and Chief StrategistSierra Alpha Research LLCDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

Last Week's Pullback is a Buying Opportunity!

Oct 11, 2024 | 16:15 pm

In this StockCharts TV video, Mary Ellen highlights what's driving these markets higher despite a rise in interest rates. She also focuses on the leadership area in Technology and shares several stocks from this group. Last up, she reviews how to quickly uncover top stock candidates when a new sector turns bullish.This video originally premiered October 11, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Small-Caps Get on Board!

Oct 11, 2024 | 15:36 pm

Yesterday, we posted a short video about the lack of participation within the mid-and small-cap universes. Here, we had a rally to new all-time highs, yet we weren't seeing much of anything out of the broad market. Today was a reversal of fortune for these indexes, which rallied more strongly than the large-cap indexes. Check out today's less-than-three-minute video on the new participation numbers.Introducing the new Scan Alert System!Delivered to your email box at the end of the market day. You'll get the results of our proprietary scans that Erin uses to pick her "Diamonds in the Rough" for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!Watch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 Subscribe HERE!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

Why raising more cash is a smart portfolio move — even with stocks at record highs

Oct 11, 2024 | 15:20 pm

The key to long-term success in the stock market is to avoid taking on more and more risk.

‘I don’t want to spend my remaining days living hand to mouth’: I divorced my husband and remarried. Can I claim his Social Security?

Oct 11, 2024 | 14:57 pm

“I hope that it doesn’t trigger my ex-husband. He has a short fuse.”

‘I feel like I’m missing something’: I’m 68, divorced with two children. I’ve $750,000 and rent my home. Do I need a trust?

Oct 11, 2024 | 14:50 pm

“I continue to reinvest the dividends and interest so my investments continue to grow.”

‘I believe she made a big mistake’: My wife put her paycheck into a bank account with her inheritance. Do I now own 50% of those funds?

Oct 11, 2024 | 14:49 pm

“I’m still working, and we’ve always filed joint tax returns.”

How ‘DJT’ became a Trump proxy stock and a ‘battleground symbol’ in the election

Oct 11, 2024 | 14:48 pm

Shares of Trump Media & Technology Group rose 53% this week.

‘It’s so unfair!’ I’m miserable in my job. I’m 58 and have $1 million in a 401(k) and Roth IRA. Can I afford to quit?

Oct 11, 2024 | 14:47 pm

“Currently, I live comfortably on $5,000 a month, but I could probably live on $3,500 a month.”

‘I want the calls and letters to stop’: My mother died owing $17,000 in credit-card debt. The creditors want their money. Will I have to sell her house?

Oct 11, 2024 | 14:34 pm

“My mom passed away in May from Alzheimer’s. I was her primary caretaker.”

Boeing to lay off thousands of workers, warns of quarterly loss and weaker sales

Oct 11, 2024 | 14:33 pm

Boeing surprised markets late Friday with news that it plans to cut about 10% of its workforce, and warned investors that it is looking at a much bigger third-quarter loss and weaker sales than Wall Street expected.

End-of-life decisions can be impossibly hard. But the right senior-care team can make things a little easier.

Oct 11, 2024 | 13:15 pm

Don’t let palliative care decisions tear your family apart. Here’s how to put together your best senior-care team.

2-year Treasury yield ends at lowest level in a week after flat producer-price report

Oct 11, 2024 | 13:02 pm

Treasury yields finished mostly lower on Friday after September’s producer-price report came in unchanged, but closed higher on a weekly basis as a result of unexpectedly strong nonfarm-payrolls data for last month.

Is this the right time to invest in Meta Platforms (META)?

Oct 11, 2024 | 12:14 pm

Ever since Facebook rebranded as Meta Platforms (NASDAQ: META) to better reflect its focus on building the metaverse and offering users an all-new digital experience, there has been speculation about […] The post Is this the right time to invest in Meta Platforms (META)? first appeared on AlphaStreet.

JPM, WFC: A look at how these major banks performed in Q3 2024

Oct 11, 2024 | 09:49 am

JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) reported their earnings results for the third quarter of 2024 on Friday. While JPM’s numbers were better […] The post JPM, WFC: A look at how these major banks performed in Q3 2024 first appeared on AlphaStreet.

Transaction between Bajaj Finserv's unlisted arm and Allianz SE is related party, requires shareholder approval: Sebi

Oct 11, 2024 | 08:43 am

Sebi clarified that reinsurance agreement between Bajaj Finserv's unlisted entity BAGIC and Allianz SE qualifies as a related party transaction. Bajaj Finserv is required to seek shareholder approval and make disclosures under Sebi LODR regulations.

Why I’d need to be crazy to buy these 2 UK stocks right now

Oct 11, 2024 | 08:23 am

Jon Smith talks through two UK stocks that have fallen heavily in price over the past year but don't represent good value purchases in his view. The post Why I’d need to be crazy to buy these 2 UK stocks right now appeared first on The Motley Fool UK.

Canada's TSX touches record high after strong domestic jobs data

Oct 11, 2024 | 08:13 am

The Toronto Stock Exchange's S&P/TSX composite index rose as much as 180.36 points, or 0.74%, in morning trade to touch an all-time high of 24,482.62. The index was set for its fifth consecutive weekly rise.

3 steps to try and turn a £9,000 ISA into a £5,654 second income

Oct 11, 2024 | 08:12 am

By investing £9,000 in carefully chosen blue-chip income shares, our writer believes he could generate a long-term second income well into four figures. The post 3 steps to try and turn a £9,000 ISA into a £5,654 second income appeared first on The Motley Fool UK.

FAST Earnings: A snapshot of Fastenal’s Q3 2024 financial results

Oct 11, 2024 | 07:44 am

Fastenal Company (NASDAQ: FAST) on Friday announced third-quarter 2024 financial results, reporting an increase in revenues and flat net income. Net income came in at $298.1 million or $0.52 per share […] The post FAST Earnings: A snapshot of Fastenal’s Q3 2024 financial results first appeared on AlphaStreet.

Strong bank earnings push S&P 500, Dow to record highs

Oct 11, 2024 | 06:36 am

The S&P 500 and Dow Jones achieved record highs driven by strong performances from major banks like JPMorgan Chase and Wells Fargo. Despite Tesla's slump, financial stocks surged while the Producer Price Index data supported expectations for a Fed rate cut in November.

BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues

Oct 11, 2024 | 06:34 am

The Bank of New York Mellon Corporation (NYSE: BK) on Friday said its adjusted earnings increased in the third quarter of 2024. The financial service provider’s assets under management and […] The post BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues first appeared on AlphaStreet.

Does the ITV share price make any sense?

Oct 11, 2024 | 06:01 am

Down 40% in five years, the ITV share price started 2024 well but has been losing steam. This writer weighs both sides of the investment case. The post Does the ITV share price make any sense? appeared first on The Motley Fool UK.

These 8 stocks hit 52-week highs, rallied up to 24% in a month

Oct 11, 2024 | 05:54 am

The Sensex fell 230 points on Friday, closing at 81,381. Despite this, eight BSE 200 stocks hit their 52-week highs, suggesting strong performance and potential for future growth.

BLK Earnings: BlackRock reports better-than-expected Q3 2024 results

Oct 11, 2024 | 05:50 am

Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street’s projections. Third-quarter […] The post BLK Earnings: BlackRock reports better-than-expected Q3 2024 results first appeared on AlphaStreet.

Arkade Developers Q1 profit jumps over 4 times to Rs 30.21 cr

Oct 11, 2024 | 05:25 am

Realty firm Arkade Developers Ltd, which got listed on the stock exchanges recently, has reported a more than four-fold jump in its consolidated net profit to Rs 30.21 crore for the first quarter of this fiscal year. Its profit stood at Rs 6.57 crore in the year-ago period.

Tech View: Nifty forms high wave type candle on weekly chart. Here’s how to trade next week

Oct 11, 2024 | 05:09 am

Nifty formed a small negative candle, indicating continued narrow range movement. The underlying trend remains choppy. Support at 24,920 and 24,750. Resistance at 25,000-050 and 25,250-275. Bears are in control, using pullback rallies to create short positions.

Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group

Oct 11, 2024 | 04:58 am

Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is the world's second-biggest pigment company.

Stock market update: Power stocks down as market falls

Oct 11, 2024 | 04:56 am

The 30-share BSE Sensex closed down 230.05 points at 81381.36

Stock market update: Nifty IT index advances 0.59%

Oct 11, 2024 | 04:51 am

The Nifty IT index closed 0.59 per cent up at 42335.7.

Stock market update: Nifty Bank index falls 0.7%

Oct 11, 2024 | 04:46 am

The Nifty Bank index closed 0.7 per cent down at 51172.3.

Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Oct 11, 2024 | 04:41 am

Pavna Industries, Naga Dhunseri Group, Sudarshan Chemical, Usha Martin and Neuland Labs, hit their fresh 52-week highs during the day.

Wells Fargo (WFC) Q3 2024 Earnings: Key financials and quarterly highlights

Oct 11, 2024 | 04:39 am

Wells Fargo & Company (NYSE: WFC) reported its third quarter 2024 earnings results today. Total revenue decreased 2% year-over-year to $20.37 billion. Net income dropped 11% to $5.1 billion and […] The post Wells Fargo (WFC) Q3 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

Stock market update: Sugar stocks down as market falls

Oct 11, 2024 | 04:36 am

The 30-share BSE Sensex closed down 230.05 points at 81381.36

Stock market update: Nifty Pharma index advances 1.19%

Oct 11, 2024 | 04:31 am

The Nifty Pharma index closed 1.19 per cent up at 23582.25.

Rajiv Jain's GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter

Oct 11, 2024 | 04:30 am

Rajiv Jain's GQG Partners has significantly increased its stake in Ambuja Cements to 2.05% in Q3 2024. Despite the stock's 31% annual return outperforming the Nifty index, Ambuja is expected to see a decline in revenue and profit in the latest quarter reported.

Share market update: Most active stocks of the day in terms of traded value

Oct 11, 2024 | 04:25 am

The NSE Nifty index closed 34.21 points down at 24964.25

Share market update: Most active stocks in today's market in terms of volume

Oct 11, 2024 | 04:15 am

The NSE Nifty index closed 34.21 points down at 24964.25

After crashing 35% in a day could this FTSE stock rebound like the Rolls-Royce share price?

Oct 11, 2024 | 04:13 am

Harvey Jones is wondering whether this plunging FTSE 100 stock can do what the Rolls-Royce share price did, and fly back into favour after a difficult time. The post After crashing 35% in a day could this FTSE stock rebound like the Rolls-Royce share price? appeared first on The Motley Fool UK.

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Oct 11, 2024 | 04:10 am

M&M, TCS, ICICI Bank, Cipla and Maruti Suzuki were among the top losers on NSE in today's trade.

JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results

Oct 11, 2024 | 04:00 am

JPMorgan Chase & Co. (NYSE: JPM) reported its third quarter 2024 earnings results today. Reported net revenue increased 7% year-over-year to $42.6 billion. Managed revenue rose 6% to $43.3 billion. […] The post JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results first appeared on AlphaStreet.

Will the Next share price be affected by 2 insiders selling?

Oct 11, 2024 | 03:30 am

With two of the retailer’s directors offloading £31.8m of shares, our writer considers what might happen to the Next share price. The post Will the Next share price be affected by 2 insiders selling? appeared first on The Motley Fool UK.

Should I buy Tesla stock for my ISA after the 10/10 robotaxi event?

Oct 11, 2024 | 02:17 am

Elon Musk just revealed a robo-taxi that could be on the road in the not-too-distant future. Should Edward Sheldon buy Tesla stock to capitalise? The post Should I buy Tesla stock for my ISA after the 10/10 robotaxi event? appeared first on The Motley Fool UK.

What’s going on with the Sainsbury share price?

Oct 11, 2024 | 01:39 am

The Sainsbury share price is falling as the Qatar Investment Authority offloads 109m shares at a discount. But should investors be greedy or fearful? The post What’s going on with the Sainsbury share price? appeared first on The Motley Fool UK.

It's Large-Cap Growth Stocks (Mag 7) Once Again

Oct 10, 2024 | 14:28 pm

Where is the Recent Performance in the S&P 500 Coming From?Let's start with the relative rotation graph (RRG) for growth and value sectors, dissected by size to get a clearer picture. The first RRG reveals a standout performer: the large-cap growth group. These stocks, which include major tech and communication services players, started their journey of outperformance in March 2023 when they moved to the right side of the RRG. Since then, they have completed multiple Leading-Weakening-Leading rotations and significantly contributed to the performance of the S&P 500.The large-cap growth group, which includes the influential Mag-7 stocks, is currently in the weakening quadrant of the RRG. However, it's showing signs of curling up—a positive indication of a new upswing in an already established relative uptrend. In contrast, the other sectors, particularly the value ones across all sizes, are losing momentum and moving down on the JdK RS-momentum scale.The mid-cap and small-cap growth groups are also lagging, with the lowest readings on the RS-ratio scale. They're far to the left, meaning they are still in relative downtrends, and the recent rally has to be judged as a recovery rally within a downtrend.From this, the clear conclusion is that large-cap growth stocks are once again propelling the market upward.Dissecting the Mag-7When we zoom in on the Mag-7 stocks and place them on an RRG, the disparity in their performance becomes evident. Meta and NVIDIA are the stars, with NVIDIA mirroring the large-cap growth index's position—inside the weakening quadrant but curling upwards, signaling another potential rise. Meta has made a full rotation and is now pushing deeper into the leading quadrant.Apple and Tesla are on the right side of the graph. Tesla has outperformed the S&P 500 over the last five weeks, while Apple has not reached that level. Amazon, Microsoft, and Google are in the lagging quadrant, with Google moving left, indicating a weak relative trend.The Narrow Breadth of Market Performance is BackThis type of performance, driven by a small group of stocks, is a recurring theme. Over the last five weeks, the Mag-7 stocks have contributed over 2.9% to the S&P 500's 6.8% performance. That's a staggering 40% coming from just seven stocks—a clear example of a market with a narrow breadth.This concentration continues to pose a risk, showing a market heavily reliant on a few key players.SPY and its DivergencesTurning to the S&P 500 charts, the weekly SPY chart shows signs of breaking the negative divergence in the RSI, which is a positive sign. However, the negative divergence with the MACD persists, indicating we're not out of the woods yet.The daily chart suggests caution, as the S&P 500 is still within a potential rising wedge, and the RSI peaks are not showing the strength we'd like to see. The support level to watch remains 565.A Closer Look at Individual Mag-7 StocksAAPL is still below overhead resistance, around the 230-235 area.Microsoft has broken its uptrend, forming a potential head-and-shoulders top, The raw RS-Line is already in a downtrend.NVIDIA has broken out of a large consolidation pattern, indicating significant upside potential.Amazon is below its all-time high and has recently marked a lower high on the weekly price chart, while raw-RS has broken its rising support line.Meta has broken out to a new all-time high, signaling a strong and intact trend.Google is rapidly heading into the lagging quadrant, with $150 as a critical support level.Tesla is in a volatile range below overhead resistance, which currently comes in around 270-275. This barrier needs to be taken out to trigger a new rally.Conclusion: The Narrow Path to Market GainsIn summary, the large-cap growth stocks, particularly within the Mag-7, are driving the market higher on a very narrow foundation. Some divergences remain, but the S&P 500's ability to overcome the negative divergence between price and RSI is a small positive. The market's shape is improving as long as SPY remains above the 565 support level.For a more sustained rally, we need broader participation from stocks outside the Mag-7. Until then, we will watch closely as Meta and NVIDIA lead the charge, while Google, Microsoft, and potentially Apple could dampen the S&P 500's performance.It's still a tricky market, but with (some) large-cap growth stocks and their big impact on the broader indices, there are still opportunities to participate on the upside.#StayAlert, --Julius

Important takeaways from Domino’s Pizza’s (DPZ) Q3 2024 report

Oct 10, 2024 | 11:57 am

Domino’s Pizza, Inc. (NYSE: DPZ) reported mixed results for the third quarter of 2024, with earnings beating and revenues slightly missing estimates. The company has been able to improve its […] The post Important takeaways from Domino’s Pizza’s (DPZ) Q3 2024 report first appeared on AlphaStreet.

Alert: Small-Caps Not Participating in New All-Time Highs

Oct 10, 2024 | 11:03 am

DecisionPoint has started posting short video alerts on our YouTube Channel. These videos are less than four minutes and give you the scoop on news you need to know about the market right now. Subscribe to the DecisionPoint.com YouTube Channel HERE so you'll be notified when these video DP Alerts are posted.In today's video, Erin looks "under the hood" at the NYSE, Mid-Caps (MDY) and Small-Caps (IJR). The picture is not rosy, particularly given new all-time highs have been logged by the large-cap indexes. We need everyone on board to get a strong rally higher.This could be a case of a "rising tide lifting all boats" eventually, but we would be cautious about the current rally given this lack of participation. Bull trap?Introducing the new Scan Alert System!Delivered to your email box at the end of the market day. You'll get the results of our proprietary scans that Erin uses to pick her "Diamonds in the Rough" for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!Subscribe to our YouTube Channel HERE!Watch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 Subscribe HERE!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

Main takeaways from Delta Air Lines’ (DAL) Q3 2024 earnings report

Oct 10, 2024 | 09:50 am

Shares of Delta Air Lines (NYSE: DAL) stayed red on Thursday after the company delivered mixed results for the third quarter of 2024. Earnings missed expectations while revenue came in […] The post Main takeaways from Delta Air Lines’ (DAL) Q3 2024 earnings report first appeared on AlphaStreet.

Infographic: Domino’s Pizza Q3 2024 earnings beat estimates

Oct 10, 2024 | 05:50 am

Fast-food chain Domino’s Pizza (NYSE: DPZ) reported higher third-quarter revenues and a net profit that is broadly unchanged year-over-year. Meanwhile, earnings came in above Wall Street’s forecasts. The company reported […] The post Infographic: Domino’s Pizza Q3 2024 earnings beat estimates first appeared on AlphaStreet.

DAL Earnings: All you need to know about Delta Air Lines’ Q3 2024 earnings results

Oct 10, 2024 | 03:47 am

Delta Air Lines (NYSE: DAL) reported third quarter 2024 earnings results today. Operating revenue rose 1% year-over-year to $15.7 billion. Adjusted operating revenue remained flat at $14.6 billion. GAAP net […] The post DAL Earnings: All you need to know about Delta Air Lines’ Q3 2024 earnings results first appeared on AlphaStreet.

Tech vs Semiconductors: Which One Should You Be Trading?

Oct 9, 2024 | 15:54 pm

As an investor and a technical analyst, there are numerous tools available for you on StockCharts that you can use to find tradable opportunities.One idea is to begin with a survey of top-performing sectors. It's Wednesday morning; the Dow jumped 400 points, the S&P 500 ($SPX) hit a record high, and technology stocks spearhead the rally. To begin, under the Charts & Tools tab on Your Dashboard, select Sector Summary (under Research Tools).If you switch from the default Intraday setting to One Week, you'll see that the Technology sector is leading the pack.FIGURE 1. ONE WEEK SECTOR SUMMARY. The Technology sector is in the top position.Image source: StockCharts.com. For educational purposes.It's interesting that tech also held the top spot for the last month. Now, let's zoom in on the industry level by clicking "Technology Sector Fund." Semiconductors are on top.FIGURE 2. ONE WEEK INDUSTRY SUMMARY. Semiconductors lead the pack at the industry level.Image source: StockCharts.com. For educational purposes.Looking at this information, it makes sense to identify exchange-traded funds (ETFs) that follow Tech or semiconductor stocks.To begin your analysis, let's compare three charts (one that represents the sector, another that represents the industry, and one that focuses on stocks within the industry. We'll use the Technology Select Sector SPDR Fund (XLK), Dow Jones US Semiconductors Index ($DJUSSC), and VanEck Vectors Semiconductor ETF (SMH).Tech Sector, Semiconductor Industry, and Semiconductor ETFFIGURE 3. ACP COMPARISON DAILY CHART OF XLK, $DJUSSC, AND SMH. They look identical, but are they?Chart source: StockChartsACP. For educational purposes.The charts are nearly identical, which makes sense as chip stocks were a significant driver in tech. Given the similarity in performance, perhaps XLK provides a more diversified alternative to concentrating on the semiconductor industry. Let's take a look at XLK's daily chart.FIGURE 4. DAILY CHART OF XLK. A rising smaller trend within a larger swing outlines a wide range of support and resistance.Chart source: StockCharts.com. For educational purposes.Looking at the broader tech proxy, XLK, you can see a smaller rising trend within a large swing that outlines a wide range of support and resistance. Drawing a Quadrant Line from the bottom to the top, you can gauge where this trend is relative to the intermediate-term highs and lows. For the trend to continue, price has to break above the Quadrant Line at $237.50, while staying preferably above the bottom quadrant (see blue arrow), where it last bounced, at $202.50.The High-Low Percent breadth indicator above the chart shows modest bullishness, as the number of 52-week highs outnumber 52-week lows, giving you a slightly bullish reading of 15.38%.Look at the relative performance between XLK and $DJUSCC in the panel below the chart (comparing the sector to the industry). The sector has been underperforming the semiconductor industry since December 2023 (see zero line) and is currently at -32.79%.Perhaps a semiconductor ETF might be the way to go. But which one? You have a choice of the following:VanEck Vectors Semiconductor ETF (SMH), which is the most liquidiShares Semiconductor ETF (SOXX), another popular ETF, andSPDR S&P Semiconductor ETF (XSD), the smallest of them all by market cap.Let's compare their performance to $DJUSSC using StockCharts PerfChart.FIGURE 5. PERFCHART OF $DJUSSC, SMH, SOXX, SXD. There's a huge difference in performance between the four.Image source: StockCharts.com. For educational purposes.All three ETFs are tightly correlated to $DJUSSC, but their relative performances are worlds apart. The best-performing ETF is SMH, which happens to be the most liquid and largest by market cap.Let's switch to a daily chart of SMH. In the panel above the chart, you'll notice the sideways-moving On Balance Volume, indicating that buying/selling pressure is virtually at a standstill as if the asset is waiting for something. What might that be? Notice how the last move down from the July high to the August low corresponds with heavy selling pressure, as shown by the Chaikin Money Flow (CMF). Also, notice how the CMF is trending up.FIGURE 6. DAILY CHART OF SMH. The first top quadrant is one to watch closely.Chart source: StockCharts.com. For educational purposes.It makes you wonder how many traders were short SMH or how many just dumped their shares. If some are still short, where will they close to avoid a squeeze? It will likely be close to the first quadrant, which, for the bears, would break the 75% line if you're measuring from the top down (magenta circle).Bullish traders jumped in at the bounce near the bottom, and the real action is likely in the top quadrant. That's where we'll see if the trend continues (it would need to break resistance at $281.70) or if things go sideways until a major catalyst shakes it up and out of its range.At the CloseWhen deciding what stock or ETF to trade, start with the big picture by looking at top-performing sectors. Then, zoom in on the industries driving them. In this case, tech stocks lead the way, with semiconductors at the forefront. Despite their visual similarities in performance, each asset showed different relative performance, especially between the $DJUSSC index and the three semiconductor ETFs that were nearly 100% correlated with it.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation or without consulting a financial professional.

What's Wrong With This SPX Breakout?

Oct 9, 2024 | 15:39 pm

In this exclusive StockCharts TV video, Joe presents the price pattern to follow the recent breakout in the S&P 500. He discusses narrow range bars, wide range bars and when they are important. Joe then explains what needs to take place now to either confirm a breakout or a failure here; he briefly shows the Volatility condition of the SPY as well, and then analyzes at the QQQ and IWM. Finally, Joe goes through the symbol requests that came through this week, including BABA, PYPL, and more.This video was originally published on October 9, 2024. Click this link to watch on StockCharts TV.Archived videos from Joe are available at this link. Send symbol requests to This email address is being protected from spambots. You need JavaScript enabled to view it.; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Three Thoughts on Risk Management for October 2024

Oct 9, 2024 | 11:55 am

Even though the S&P 500 index appears to be relentlessly pursuing new all-time highs, the traditional seasonal weakness in October leads me to be very focused on risk management right about now.After my latest conversation with fellow StockCharts contributor Joe Rabil, in which I got to hear his thoughts on risk management, I wanted to share some reflections on what risk management could mean for investors as we get into the meat of the 4th quarter.Watch the S&P 500's "Line in the Sand"My general approach to technical analysis is to determine the current trend, then identify what level or signal would convince me that the trend had reversed. I call this the "line in the sand" technique, because you literally draw a line on the chart, and then don't give the chart a second thought until and unless that line is violated.For the S&P 500, that means I'm laser-focused on the 5650 level. The July peak was right around this level, along with the subsequent peaks in mid and late August. The September breakout above 5650 was a key bullish move for the benchmark, and I would expect a break back below this price point could signal the end of the current bull run.So until and unless we see the S&P 500 break below 5650, then the current bullish trend appears to be alive and well!Breadth Indicators Could Provide an Early WarningNow even if the S&P is still holding key support, plenty of individual names could break down before the benchmarks. In fact, this happens quite often during major market tops like 2007! Market breadth indicators are perhaps the best way to analyze and track this potential divergence, where individual stocks start to break down.Here, we can see the S&P 500 for the last 12 months, along with the new 52-week highs minus new 52-week lows, the new highs and lows for the entire NYSE, and the new highs and lows for the S&P 500 members.Did you notice how all three of these data series topped out in mid-September, and have been steadily declining since then? A healthy bull market phase usually sees an expansion in new 52-week highs, as the leading names are powering to the upside. But, in the last few weeks, we're seeing a significant breadth divergence that tells me to be skeptical of the current uptrend phase.Keep Your Position Size ManageableIn my latest podcast episode with fellow StockCharts contributor Joe Rabil, he shared some words of wisdom on how to think about risk management. I particularly appreciated his thoughts on position sizing, sharing that he usually risks about 1% of his portfolio on each new idea.Options expert Price Headley once quipped, "If you're having trouble sleeping at night, your position size is too big!" By being thoughtful and intentional about how much capital we risk on each new idea, we can minimize the pain in case some of the bearish signs we're observing actually play out in the days and weeks ahead!Mindless investors ignore risk management, focusing instead on how much they stand to gain if they're proven right. Mindful investors recognize that they will often be wrong, and by managing risk, they can survive to invest another day.RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTPresident and Chief StrategistSierra Alpha Research LLCDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

United Airlines (UAL) to report Q3 earnings on Oct 15. Here’s what to expect

Oct 9, 2024 | 11:27 am

United Airlines Holdings, Inc. (NYSE: UAL) is all set to publish its third-quarter report next week. The company has initiated a capacity reduction program that will extend into the fourth […] The post United Airlines (UAL) to report Q3 earnings on Oct 15. Here’s what to expect first appeared on AlphaStreet.

What to look for when Netflix (NFLX) reports its Q3 2024 earnings results

Oct 9, 2024 | 09:53 am

Shares of Netflix, Inc. (NASDAQ: NFLX) stayed green on Wednesday. The stock has gained 48% year-to-date. The streaming giant is scheduled to report its earnings results for the third quarter […] The post What to look for when Netflix (NFLX) reports its Q3 2024 earnings results first appeared on AlphaStreet.

SCTR Report: Carvana Stock Skyrockets, Hits a New 52-Week High -- What This Means for Investors

Oct 8, 2024 | 14:17 pm

Apologies for revisiting Carvana (CVNA), but it has such a beautiful chart pattern playing out the way it should. After bottoming out in a cup with handle pattern on the weekly chart and breaking out of the handle, Carvana stock has been in an upward-moving trend. The stock has now hit another milestone level, making it necessary to feature it again.Carvana stock hits a new 52-week high and is back in the top position in the StockCharts Technical Rank (SCTR) Report, Top 10, Large Cap category. Several StockCharts Predefined Scans were also triggered for Carvana (see Symbol Summary page for CVNA). The stock price has been trending higher, with higher highs and higher lows. For a while, CVNA has frequently appeared in the top five in the SCTR Report, and if you follow the ChartWatchers blog, you'd have seen the stock pop up frequently. If you opened a long position in CVNA, you'd be feeling pretty good now.But don't get too complacent. It's time to manage your position. Let's analyze the recent stock price charts, starting with the weekly chart.Carvana Stock Weekly AnalysisFrom a weekly perspective, Carvana's stock price is maintaining its uptrend; it's also approaching its 50% Fibonacci retracement level, and its relative strength index (RSI) has just crossed the 70 level. The uptrend is still intact and could go much higher if the momentum is behind it.CHART 1. CARVANA STOCK CONTINUES TRENDING HIGHER. After breaking out of a cup and handle pattern, CVNA is trending higher and is now at its 50% Fibonacci retracement level.Chart source: StockCharts.com. For educational purposes.I would watch the 50% retracement level carefully. It could act as a resistance level, causing the stock price to stall. As long as it stays within the 38.2 and 50% retracement level, i.e., between $145 and $189.42, the uptrend should be intact. Of course, if CVNA breaks above the 50% retracement level, continue to ride the trend.Carvana Stock Daily AnalysisWhen a stock has a well-defined trend, momentum is an important ingredient in fueling the trend higher. The Chaikin Money Flow indicator (top panel) and moving average convergence/divergence (MACD) displayed in the bottom panel show that momentum supports the upmove in Carvana (see daily chart below).CHART 2. DAILY CHART OF CARVANA STOCK. The stock broke out of its upward channel with rising CMF and MACD. It closed above $189.42. Will it push through and surge higher?Chart source: StockCharts.com. For educational purposes.Carvana stock has broken out of its upward price channel. Instead of using the 21-day exponential moving average (EMA), I have shortened the period to a 5-day one to use as a trailing stop. I've also changed the longer-term simple moving average to a 25-period one.The bottom line. Add the daily and weekly charts of CVNA to your StockCharts ChartLists and continue to monitor them. Set a StockCharts Alert to notify you when CVNA crosses below its 5-day EMA using the Advanced Alerts tool. If you've decided to unload some positions when price crosses below the 5-day EMA, follow your system. Making objective trading decisions can keep emotions at bay, which is a good habit to cultivate.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Why This S&P Support Level is SO IMPORTANT

Oct 8, 2024 | 11:15 am

In this video from StockCharts TV, Julius presents a few conflicting rotations and signals that continue to warrant caution while the S&P 500 keeps hovering just above support. With the negative divergences between price and MACD/RSI remaining intact, SPY should not break 565. Julius looks at rotations in asset classes, growth/value factors, and US sectors to assess the current state of the markets.This video was originally published on October 8, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.Past episodes of Julius' shows can be found here.#StayAlert, -Julius

Oil Prices Soar Amid Middle East Tensions – What's Next for Gas Prices?

Oct 8, 2024 | 10:53 am

Monday saw something of a bloodbath on Wall Street, with the Dow ($INDU) plunging over 500 points at its worst and the S&P 500 ($SPX) and Nasdaq ($COMPQ) falling over 1%.Higher oil prices, triggered by tensions in the Middle East, played a big hand in Monday's market mayhem. In the blogosphere, other topics like a historic crude oil short squeeze and fears of a looming Israeli attack on Iranian oil and gas infrastructure made the headlines.Is it time to go long? With oil spiking, could there be an opportunity to ride the wave with gasoline, given the usual lag? How high could oil climb? And with the current geopolitical tension, could we see a longer uptrend in oil or gas? What levels should you keep an eye on?Let's pause and break down what's happening with oil and gas prices in technical terms.What's Going On with Oil Prices?Below is a weekly chart presenting a five-year lookback on oil, using the US Oil Fund (US) as a proxy.CHART 1. WEEKLY FIVE-YEAR CHART OF USO. Zooming out a bit, the level of fear in the market might not seem dramatic when you look at price action. USO is trading sideways with clear support and resistance levels.Chart source: StockCharts.com. For educational purposes.Following the dramatic 2020 drop and 2022 peak, crude oil has traded sideways. The range may have been rather wide, but, directionally, it's been sideways nevertheless.The magenta rectangle highlights a stabilizing range of support and resistance.Price has moved above and below the 50-week simple moving average (SMA) in a whipsaw fashion.In terms of momentum, the Money Flow Index (MFI) is showing a dip in buying pressure, just like the Chaikin Money Flow (CMF), even with the recent uptick in buying (check out the magenta circle).The broader structure here shows that the current price surge is still relatively minuscule compared to the structure itself. But that doesn't mean geopolitical events can't drive prices above the current resistance level of around $83 or lower to its support at $64.A close below either level would signal a broader fundamental driver and potentially the beginning of a longer-term trend.Let's switch to a daily chart for a more near-term view.CHART 2. DAILY CHART OF USO. If the price continues higher, there will be a lot more resistance up ahead. Note the multiple support levels as well. These could trigger a price bounce.Chart source: StockCharts.com. For educational purposes.This might not be unusual for wide long-term trading ranges, but you can spot plenty of ceilings (and floors) ahead.The Relative Strength Index (RSI) is rising and not quite yet at overbought territory, meaning there's still room to run. But how much higher can it go?Look at the volume spike toward the bottom of the chart. It's quite significant, but what's perhaps more critical is the follow-up in volume as well as price, and so far, it isn't there (yet).The CMF reading doesn't show anything extraordinary in measuring buying pressure.If you're curious as to the effect of crude oil prices on the broader energy sector, the energy sector's Bullish Percent Index (BPI), a breadth indicator, tells us that over 60% of energy stocks are displaying P&F (Point & Figure) buy signals, which is, as you might guess, bullish.Watch this: Focus on the multiple levels of resistance. Will volume and momentum drive USO beyond these levels? That's a matter of geopolitical developments, none of which anyone can predict. However, sentiment can drive prices higher even without fundamental validation. And if this happens, it can last beyond the coming election, particularly if the question of an attack on Iranian energy infrastructure remains at the forefront of investors' minds.Also, mind the multiple levels of support (see black dotted lines), as several are likely to trigger a bounce.What's Going On with Gas Prices?So, how might the rise in oil prices affect gas prices? Here's a daily chart of the US Gasoline Fund (UGA) for comparison (UGA will be the proxy for gas).The answer is, nothing yet.CHART 3. DAILY PRICE OF UGA. Note the correlation in the indicator window above the chart. It's showing a 99% correlation between UGA and USO.Chart source: StockCharts.com. For educational purposes.When it comes to gasoline prices, there are two things to consider:Lag time. There's a relative lag time between oil prices and gasoline prices. This can take two to four weeks, depending on supply chains, refining processes, and distribution networks.Market sentiment. Futures traders, especially, can push prices up in anticipation of a significant rise in crude oil, disruption to supply chains, refining, and distribution.If this is what's happening in UGA, there's hardly any volume behind the move (see magenta circle). The lack of buying pressure, as displayed by the OnBalance Volume (OBV) indicator, agrees with this.Another thing to watch: Investors wonder if the recent spike in crude oil will lead to a rise in gas prices. In other words, did crude oil and gasoline temporarily de-correlate? Looking at the StockCharts Correlation Coefficient indicator above the chart, you'll notice that both commodities are still at a 99% correlation.So, if you were hoping to take advantage of the lag between gasoline and crude oil prices, then price-wise, it isn't there as of this moment (according to the indicator).At the CloseTo wrap things up, oil is spiking in the near term. In the bigger picture, however, it's still trading sideways, and resistance levels are about to be tested. While gas prices usually lag, its price remains correlated to oil's price surge, and, to date, there's no significant volume driving it up (unlike crude oil). The big question is whether geopolitical risks will push prices higher. Sentiment can drive up prices even if that means getting ahead of fundamentals. Thus, you should keep an eye on the current technical levels and indicators. You're likely to see a sharp response in those, as you would in any news item that might cause investors to jump.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be[…]

Earnings Preview: Johnson & Johnson bets on innovation to stay in growth mode

Oct 8, 2024 | 10:42 am

Over the years, Johnson & Johnson (NYSE: JNJ) has remained a dominant player in the medical industry, benefitting from its unique business model and growth strategy focused on constant innovation. […] The post Earnings Preview: Johnson & Johnson bets on innovation to stay in growth mode first appeared on AlphaStreet.

Key takeaways from PepsiCo’s Q3 2024 earnings report

Oct 8, 2024 | 08:56 am

Shares of PepsiCo, Inc. (NASDAQ: PEP) gained over 1% on Tuesday even though the company delivered mixed results for the third quarter of 2024 and lowered its guidance for the […] The post Key takeaways from PepsiCo’s Q3 2024 earnings report first appeared on AlphaStreet.

PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results

Oct 8, 2024 | 03:14 am

PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today. Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth […] The post PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results first appeared on AlphaStreet.

Market Top in October? 2007 vs. 2024

Oct 7, 2024 | 16:32 pm

Will we see a major market top during the month of October? Dave breaks down three market breadth indicators and compares their current configuration to what we observed at the 2007 market top. He then goes through the charts and reviews market topping conditions from a breadth perspective using the McClellan Oscillator, Stocks Above the 50-day Moving Average, and New 52-week Highs and Lows.This video originally premiered on October 7, 2024. Watch on our dedicated David Keller page on StockCharts TV!Previously recorded videos from Dave are available at this link.

Equities Remain in "Go" Trend and Lean into Energy

Oct 7, 2024 | 12:31 pm

Good morning and welcome to this week's Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue "Go" bars as price rallied close to prior highs. GoNoGo Trend shows that there has been a change in trend from "Go" to "NoGo" for treasury bond prices. After an amber "Go Fish" bar we see strong purple "NoGo" bars. The U.S. commodity index remains in a strong "Go" trend this week while the dollar saw a "Go" take over albeit painting weaker aqua bars.$SPY Fights to Stay Near Highs in "Go" TrendThe GoNoGo chart below shows that after several bars of weakness we see the bright blue bars of a stronger trend return. This may provide a new level of support as we move forward. We also see a Go Trend Continuation Icon (green circle) as GoNoGo Oscillator found support at the zero line. We see that after just one bar we are back testing that level again. It will be important for the oscillator to continue to find support at that level to provide a springboard for price to move higher from here.The longer time frame chart shows us that GoNoGo Trend painted another strong blue "Go" bar this past week and on a closing basis we made a new high. GoNoGo Oscillator shows that momentum is positive but not yet overbought. We will watch to see if momentum remains at or above the zero line as price challenges for more gains.New "Go" Trend For Treasury YieldsTreasury bond yields have climbed to new highs and we saw GoNoGo trend roll through the colors as a couple of amber "Go Fish" bars were followed by a first new "Go" bar for several months. GoNoGo Oscillator burst through the zero level last week and out of a GoNoGo Squeeze. Since then, it has retested and found support at zero and that tipped us off to the change in trend in the price panel above. We now see momentum at a value of 5 and so there is enthusiasm around this price move.The Dollar Saw a "Go" Trend EmergePrice climbed quickly this week and followed an amber "Go Fish" bar with a string of aqua "Go" bars as price climbed to new highs. GoNoGo Oscillator having struggled with the zero level for several bars assertively broke through into positive territory and we saw an increase in volume as the oscillator rose to a value of 5. Now we can say that momentum is on the side of the new "Go" trend as it tries to consolidate at these new levels.

DP Trading Room: A Case for a Market Top

Oct 7, 2024 | 11:13 am

During today's market analysis Carl laid out his reasons why we believe we are at a market top. He discusses the current market price action combined with exclusive DecisionPoint indicators to substantiate his position. Don't miss his analysis.Carl also goes though the Magnificent Seven by analyzing the daily charts for a near-term perspective and the weekly charts to give us an intermediate-term perspective. Which charts are toppy?Erin covers Sector Rotation with a special emphasis on the Energy sector which is taking off on the positive Crude Oil trade. Does this rally have more legs? Erin looks at the "under the hood" chart to give you her thoughts. This led into a look at the industry groups within Energy. She likes one group better than the others.Finally the pair finish up the program with viewer symbol requests which were heavy on the Energy sector and Semiconductors.01:30 DP Signal Tables03:37 Market Overview and the Case for a Market Top11:37 Magnificent Seven19:02 Discussion of UPS and XLB26:25 Sector Rotation (More case for market top)30:37 Energy Discussion and Industry Groups40:18 Symbol RequestsTry any of our subscriptions for two weeks for free using coupon code: DPTRIAL2Introducing the new Scan Alert System!Delivered to your email box at the end of the market day. You'll get the results of our proprietary scans that Erin uses to pick her "Diamonds in the Rough" for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!Watch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 Subscribe HERE!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

Walgreens Boots Alliance’s Q4 results likely to reflect market challenges

Oct 7, 2024 | 10:38 am

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been struggling to maintain sales momentum and profitability for quite some time due to a challenging operating environment. The main headwinds to the […] The post Walgreens Boots Alliance’s Q4 results likely to reflect market challenges first appeared on AlphaStreet.

Bank earnings preview: What to expect when the banking giants report Q3 2024 results

Oct 7, 2024 | 09:14 am

A slew of major banks are set to report their earnings results for the third quarter of 2024 over this week and the next. The focus will be on interest […] The post Bank earnings preview: What to expect when the banking giants report Q3 2024 results first appeared on AlphaStreet.

Week Ahead: Putting Market Moves in Perspective; Watch Nifty From This Angle

Oct 5, 2024 | 16:04 pm

On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended on a very weak note. The Nifty 50 remained under selling pressure; at no point in time did it show any intention to stage a technical pullback. While the weakness persisted in all five trading sessions, the trading range also got wider, with the Nifty oscillating in an 1167-point range over the past five days. There was a resultant rise in the volatility as well; the IndiaVIX surged by 18.10% to 14.13 on a week-on-week basis. The benchmark Nifty 50 closed with a deep weekly cut of 1164.35 points (-4.45%).We have evident reasons, like the money flowing out of the Indian markets to the Chinese markets, geopolitical tensions in the Middle East, and SEBI announcing changes in the derivatives trading landscape, to write about when we talk and assign reasons for market declines. However, we also need to take a deeper look at the technical perspective. The Nifty was highly deviated from its mean; at one point in time, the index was trading almost 10% above its 50-week MA. So even the slightest reversion could have seen violent retracements from higher levels. Despite the kind of fall we have seen over the past few days, the Nifty has not even tested the nearest 20-Week MA, which currently stands at 24441. This speaks a lot about the extent to which the markets had run up much ahead of their curve.The derivatives data suggest that the market may attempt to find support at the 25,000 level. Besides being a psychologically important level, 25,000 strikes not only hold the highest PUT OI as of now, but has a very negligible existence of Call OI. So, even if we continue with an overall downtrend, some minor technical rebound from the current level cannot be ruled out. By and large, a stable start is expected for the week, and the levels of 25300 and 25450 shall act as resistance. The supports are expected to come in at 24910 and 24600.The weekly RSI is 59.70; it has crossed under 70 from an overbought zone, which is bearish. It remains neutral and does not show any divergence against the price. The weekly MACD looks like it's being on the verge of a negative crossover, as evidenced by a narrowing Histogram. A large bearish candle that emerged hints at the kind of strong selling pressure that was witnessed throughout the week.The pattern analysis shows that despite the kind of decline that we have seen, the primary trend is still intact. On the daily chart, we have tested the 50-DMA; on the weekly chart, we have not even tested the nearest 20-Week MA. So long as we are above the 24000-24400 zone, there is little chance of the primary uptrend getting disrupted.All in all, from a short-term technical lens, the behavior of Nifty vis-à-vis the levels of 25000 would be very crucial to watch. If the Nifty has to find some ground and put a base for itself in place, it will have to keep its head above the 25000 level. Any violation of this level on a closing basis would invite more weakness for the index. Then, the levels of 20-week MA may get tested over the coming days. While navigating this turbulent phase, it is recommended that we cut down on highly leveraged positions and stay invested in low-beta defensive pockets. Though it's important to stay mindful when managing risks, a highly cautious approach is advised for the coming week.Sector Analysis for the Coming WeekIn our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.Relative Rotation Graphs (RRG) show Nifty IT, Pharma, Consumption, Services Sector, and FMCG indices are inside the leading quadrant. However, a couple of them are showing some paring of their relative momentum. However, broadly speaking, these groups may show some resilience and may relatively outperform the broader markets.The Nifty Midcap 100 Index has rolled inside the weakening quadrant. Besides this, the Nifty Auto is also inside the weakening quadrant and can be seen rolling towards the lagging quadrant.The Nifty PSE Index has rolled inside the lagging quadrant. Along with the Infrastructure Index which is also inside the lagging quadrant, it is set to relatively underperform the broader markets. The Nifty Bank, Energy, Realty, Metal, PSU Bank, Financial Services, and Commodities Index are also inside the lagging quadrant. However, they all are seen improving their relative momentum against the broader Nifty 500 index.The Nifty Media Index is the only one inside the improving quadrant; however, it is seen rapidly giving up on its relative momentum against the broader markets.Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.Milan Vaishnav, CMT, MSTA Consulting Technical Analyst www.EquityResearch.asia | www.ChartWizard.ae

Stealth AI Stocks Are Taking Off in a Flat Market

Oct 4, 2024 | 15:51 pm

In this StockCharts TV video, Mary Ellen highlights the continuation rally in AI-related stocks while also reviewing broader market conditions. The move higher in yields as well as volatility were discussed heading into next week's FOMC notes and inflation data.This video originally premiered October 4, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Stocks Soar, Energy Prices Spike: Are Geopolitical Tensions to Blame?

Oct 4, 2024 | 15:24 pm

After Friday's stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and the US economy.Let's not forget, though, that a devastating hurricane ripped through six states, leaving people homeless, isolated, and without power. The hurricane would have caused job losses, especially in the services sector. We'll know more in the next jobs report. Fortunately, the US dockworkers' strike was short-lived, so its impact may have been very light.The Macro PictureThe stronger-than-expected September jobs report resulted in increased investor optimism. In addition to a large increase in new jobs, unemployment fell to 4.1%, and average hourly earnings are up by 0.4%.The broader stock market indexes closed higher into the close, which is unusual price action for a Friday when too many uncertainties are lingering. The daily chart of the S&P 500 ($SPX) below shows that after hitting an all-time high on September 26, the index pulled back close to its 21-day exponential moving average (EMA). Thursday's doji candlestick represents indecision, and Friday's jobs report reversed the indecision to optimism.CHART 1. S&P 500 REMAINS BULLISH. The index bounced off its 21-day EMA with expanding market breadth. The number of 52-week highs outnumbers the new 52-week lows.Chart source: StockCharts.com. For educational purposes.Overall, the S&P 500's trend is bullish, and market breadth is expanding, with new 52-week highs greater than new 52-week lows.The Nasdaq Composite ($COMPQ) closed above its August high (see chart below). Market breadth, measured by different indicators than those in the chart of the S&P 500, is also expanding.CHART 2. NASDAQ BOUNCES ABOVE AUGUST HIGH. The Nasdaq has been trading sideways since its August high. Will today's breakout from that high have enough momentum for follow-through action? The market breadth indicators give mixed signals.Chart source: StockCharts.com. For educational purposes.The Nasdaq Composite Bullish Percent Index (BPI) is at 55.67, indicating slight bullishness. The Nasdaq Percent of Stocks above their 200-day moving average is at 44.54, which is relatively low, but it is trending higher. The Nasdaq Advance-Decline Line is trending lower, which is a little concerning. The Nasdaq hasn't been as strong in its recovery as the S&P 500 and the Dow Jones Industrial Average ($INDU), which again eked out a record close.Small-cap stocks rallied the most of the indexes featured in the StockCharts Market Overview panel on Your Dashboard. After falling below the trading range it's been in for the last month, the S&P 600 Small Cap Index ($SML) is back within the range (area between dashed blue horizontal lines).CHART 3. SMALL-CAP STOCKS TICK HIGHER. After Thursday's price action, small-cap stocks picked up strength and made it back to close within their trading range. Advanced outnumber has declined, and the percentage of stocks trading above their 50-day moving average is also trending higher.Chart source: StockCharts.com. For educational purposes.The market breadth indicators in the lower panel show that market breadth for $SML is also improving. The percentage of $SML stocks trading above their 50-day moving average is trending higher, and the number of advances and volume advance percent is higher.The bond market also reacted strongly to the jobs report. Treasury yields rose after the news broke, with the 10-year US Treasury yield closing up 3.4% at 3.98%. This supports the notion that the Fed will likely slow down the pace of rate cuts. The CME FedWatch Tool reflects the probability of a 25 basis point interest rate cut in the Fed's November 7 meeting at 98.9%.Another important area to watch is volatility. The Cboe Volatility Index ($VIX) pulled back on Friday, closing at 19.21. But don't be surprised to see it tick back up. Geopolitical turbulence is still front and center, and there's an important election one month away. Investors should tread carefully, since any event could cause a volatility spike and change the picture.Sector PerformanceCrude oil prices rose this week, mostly due to Middle East tensions. The Energy sector was a laggard in the last several months, but it has now broken out of its downward-sloping trendline, ending the week as the top-performing sector.The daily chart of XLE clearly shows a reversal in energy prices.CHART 4. ENERGY SELECT SECTOR SPDR (XLE) BREAKS OUT. Rising geopolitical turbulence lifts oil prices higher. The S&P Energy Sector BPI also spiked, showing bullish dominance.Chart source: StockCharts.com. For educational purposes.The S&P Energy Sector BPI spiked higher to 68.18 putting it into bullish territory. If tensions continue to escalate in the Middle East, oil prices could rise further.To identify the stocks in the sector, pull up the StockCharts MarketCarpet, select 5D Change from the Color By dropdown menu, and click on Energy (see image below).ENERGY SECTOR MARKET CARPET. It's easy to see which were the top gainers in the sector. The table on the right can be sorted in ascending or descending order. Double click on any box to see the Symbol Summary page for the ticker symbol.Image source: StockCharts.com.The table on the right shows the top-performing stocks in the sector.Create a ChartList of energy stocks and populate it with the stocks listed in the table. Top performers as of this writing are Diamondback Energy (FANG), Williams Cos., Inc. (WMB), APA Corporation (APA), Occidental Petroleum (OXY), and Marathon (MRO). And don't forget Vistra Energy (VST), the top StockCharts Technical Rank stock.Before adding the stocks to your ChartList, you may want to analyze each one more closely. Double-clicking on the box of any stock will open the Symbol Summary page for the selected symbol.Other Areas To ConsiderMetals and stocks of Chinese companies have also been rallying. Gold, silver, and copper prices saw significant rises. The iShares China Large-Cap ETF (FXI) gapped higher, hitting a new 52-week high. Our blog posts cover both topics deeply, so check out the articles.The first trading week of October ends on a strong note. But it is October, and historically, the month tends to be volatile, especially in an election year. Plus, earnings season kicks off at the end of next[…]

Does the Market Have Bad Breadth?

Oct 4, 2024 | 15:07 pm

As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This "breadth divergence" occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows. Today, we'll review three market breadth indicators, outline what tends to happen at the end of a bull phase, and describe what we'd need to see to confirm a likely market top based on historical topping phases.New 52-Week Highs on the DeclineAs I discussed with my guest Mark Newton earlier this week, one of the most effective ways to gauge a potential market top is to watch for a decline in the percent of stocks making new 52-week highs.What will a contentious election season mean for your portfolio, and how can you position yourself as the market moves through the seasonally weakest part of the year? Join me for a FREE live webcast on Tuesday 10/15 at 1:00pm ET called "Election 2024: Positioning Your Portfolio" and we'll review all the charts you should follow to navigate election season and beyond!In a bull market phase, it makes sense for more and more stocks to be achieving this feat. But as a bull market matures, fewer and fewer names are pushing higher, and this indicator tends to diverge from the price action.At its highest level in mid-September, we observed about 20% of the S&P 500 members making a new 52-week high on the same day. By Thursday of this week, that number was down around 5-6%. So, while some stocks are still pounding higher, fewer and fewer names appear to be participating in the uptrend.More Stocks are Breaking Their 50-day Moving AverageThis next chart features two indicators based on the percent of stocks above their moving averages. The top panel represents the percent of S&P 500 members above their 200-day moving average, which I consider a decent way of measuring long-term breadth conditions.When the S&P 500 index pulled back in April and August, this indicator remained well above the 50% level, confirming that most stocks remained in a primary uptrend despite the short-term weakness. When we instead use the 50-day moving average, shown in the bottom panel, we can see that this week the measurement dipped below 75%.I have often found that tactical market pullbacks are marked by this indicator breaking below the 75% level, as that suggests that stocks which had been trending higher are now breaking down below this short-term measure of trend.Watching the Bullish Percent Index for a Key Bearish SignalFinally, we can use point & figure charts to create a breadth indicator called the Bullish Percent Index. Over the last couple weeks, this indicator has pushed above 80%, which represents one of the highest levels in recent years. This confirms that four out of every five S&P 500 members are showing a bullish signal on their point & figure charts.In this situation, I like to watch for the Bullish Percent Index to dip back below 70%. That will show that some of those strong point & figure charts are starting to register sell signals, which would mean the price action has changed from bullish to bearish. For now, this indicator remains comfortably about the 70% level, but, based on historical data, that signal could signal a death knell for the bull market phase.Market breadth indicators are so valuable as they allow investors to look "under the hood" to assess real market conditions from the hundreds of stocks that comprise our major indexes. While these readings remain largely construction for now, these charts could provide fantastic signals of a new pullback phase in October.RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTPresident and Chief StrategistSierra Alpha Research LLCDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

What More do the Bulls Want?

Oct 4, 2024 | 14:37 pm

It is a bull market for stocks. On the chart below, the S&P 500 SPDR (SPY) recently broke rim resistance of a cup-with-handle pattern and is trading near a 52-week high. The S&P 500 EW ETF (RSP) recorded a new high in late September and is leading the market since July as the bull market broadened. Moreover, over 75% of S&P 500 stocks are trading above their 200-day SMAs.And that's not all. As noted in our weekly reports/videos, QQQ and the Mag7 ETF (MAGS) broke out of triangle consolidations. We can also add narrow yield spreads, a dovish Fed and the Chinese bazooka to the equation. Which brings me to the question: What more do bulls want? Answer: Nothing. October is here and an election looms so we may see above average volatility. Even so, the weight of the evidence is clearly bullish for stocks. Volatility is the price of admission. In our weekly report/video, we highlighted our top three AI stocks. Two of these broke out in late September and one remains within a bullish continuation pattern. The chart below shows Broadcom (AVGO) hitting a new high in June and trading well above the rising 200-day SMA (red line). After hitting a new high, the stock consolidated with a triangle into September. This is a consolidation within an uptrend, which makes it a bullish continuation pattern. AVGO broke out in late September and this breakout signals a continuation of the long-term uptrend. Check out TrendInvestorPro to see the other two AI stocks, read our weekly report and get access to two invaluable reports with videos. One shows how to find bullish setups with high reward potential and low risk. The other shows how to use breadth indicators to identify capitulation, thrust signals, oversold conditions and market regime. These reports alone are worth the price of admission. /////////////////////////////////////////////////

Coming Soon: A New Era of Options Trading With OptionsPlay

Oct 4, 2024 | 14:29 pm

We know that successful options trading requires precise analysis and actionable options strategies. That's why we're excited to introduce a groundbreaking partnership between OptionsPlay and StockCharts.com—bringing you the world's first integration of technical analysis and options screening in one powerful tool.No more finding stocks that don't have viable options strategies or options trades on stocks that don't fit your technical criteria. With this new integration, every opportunity is fully optimized, ensuring your technical and options strategies are always in sync.What to Expect From the IntegrationThis revolutionary integration offers traders a streamlined and efficient experience, combining StockCharts.com's charting capabilities with OptionsPlay's advanced options strategies. Daily Trade Ideas. Access fresh, bullish, and bearish ideas daily, ranked and sorted based on your technical and options criteria. These ideas cover trend-following and counter-trend strategies. Real-Time, Personalized Options Strategies. Get real-time options strategies for stocks in your ChartLists, tailored to your preferences for expiration dates and risk tolerance. Combined Technical Analysis and Options Trading. Access OptionsPlay's award-winning strategy builder directly within SharpCharts, ACP, and Options Chains on StockCharts.com.Why This Integration MattersThis integration isn't just a feature—it's a game-changer for traders looking for a complete solution. Perfect Alignment. Every opportunity presented combines a strong technical setup with a viable options strategy, ensuring your trades are fully optimized. Streamlined Workflow. Conduct your entire trading process—technical analysis and options screening—all within StockCharts.com. No need to switch platforms. Boosted Confidence. Trade with greater confidence, knowing the stock and options strategies have been vetted and ranked for you.Get Ready for the Future of Options Trading We're just weeks away from launching this revolutionary tool. Stay tuned for more details and updates as we bring you the future of options trading with OptionsPlay.

KinderCare Learning Companies to offer 24 Mln shares for $23-27 in US IPO

Oct 4, 2024 | 12:46 pm

In 2024, the IPO market shifted to recovery mode, with a significant increase in activity compared to last year when it witnessed a slowdown. Encouraged by the booming stock market […] The post KinderCare Learning Companies to offer 24 Mln shares for $23-27 in US IPO first appeared on AlphaStreet.

Constellation Brands’ (STZ) beer business remains resilient in a tough environment

Oct 4, 2024 | 10:41 am

Shares of Constellation Brands, Inc. (NYSE: STZ) gained 1% on Friday. The stock has dropped 4% over the past three months. The beverages giant delivered better-than-expected earnings results for the […] The post Constellation Brands’ (STZ) beer business remains resilient in a tough environment first appeared on AlphaStreet.

What to look for when Charles Schwab (SCHW) reports Q3 2024 results

Oct 4, 2024 | 10:30 am

Financial services company The Charles Schwab Corporation (NYSE: SCHW) is preparing to report third-quarter results on October 14, with experts predicting a mixed outcome. As part of its long-term succession […] The post What to look for when Charles Schwab (SCHW) reports Q3 2024 results first appeared on AlphaStreet.

Buy HDFC Bank; target of Rs 1,850: ICICI Securities

Apr 23, 2024 | 01:11 am

ICICI Securities is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1,850 in its research report dated April 21, 2024.

Buy Tejas Networks; target of Rs 1100: Emkay Global Financial

Apr 23, 2024 | 01:06 am

Emkay Global Financial is bullish on Tejas Networks has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated April 23, 2024.

Buy Bajaj Finance; target of Rs 9000: Emkay Global Financial

Apr 23, 2024 | 01:06 am

Emkay Global Financial is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 9000 in its research report dated April 23, 2024.

Buy Bajaj Finance; target of Rs 9000: Emkay Global Financial

Apr 23, 2024 | 01:06 am

Emkay Global Financial is bullish on Bajaj Finance has recommended buy rating on the stock with a target price of Rs 9000 in its research report dated April 23, 2024.

Reduce Persistent Systems; target of Rs 3700: Emkay Global Financial

Apr 23, 2024 | 00:56 am

Emkay Global Financial recommended reduce rating on Persistent Systems with a target price of Rs 3700 in its research report dated April 22, 2024.

Reduce Aditya Birla Fashion and Retail; target of Rs 230: Emkay Global Financial

Apr 23, 2024 | 00:52 am

Emkay Global Financial recommended reduce rating on Aditya Birla Fashion and Retail with a target price of Rs 230 in its research report dated April 23, 2024.

Reduce Wipro; target of Rs 410: ICICI Securities

Apr 22, 2024 | 23:52 pm

ICICI Securities is bullish on Wipro has recommended buy rating on the stock with a target price of Rs 410 in its research report dated April 21, 2024.

Buy HDFC Life Insurance Company; target of Rs 739: ICICI Securities

Apr 22, 2024 | 23:35 pm

ICICI Securities is bullish on HDFC Life Insurance Company has recommended buy rating on the stock with a target price of Rs 739 in its research report dated April 21, 2024.

Buy Patel Engineering; target of Rs 80: ICICI Direct

Apr 22, 2024 | 23:35 pm

ICICI Direct is bullish on Patel Engineering recommended buy rating on the stock with a target price of Rs 80 in its research report dated April 22, 2024.

Accumulate Infosys; target of Rs 1531: KR Choksey

Apr 22, 2024 | 23:35 pm

KR Choksey recommended Accumulate rating on Infosys with a target price of Rs 1531 in its research report dated April 22, 2024.

Buy Jindal Drilling and Industries; target of Rs 960: Anand Rathi

Apr 22, 2024 | 23:34 pm

Anand Rathi is bullish on Jindal Drilling and Industries has recommended buy rating on the stock with a target price of Rs 960 in its research report dated April 22, 2024.

Buy Navneet Education; target of Rs 182: Prabhudas Lilladher

Apr 22, 2024 | 23:34 pm

Prabhudas Lilladher is bullish on Navneet Education has recommended buy rating on the stock with a target price of Rs 182 in its research report dated April 22, 2024.

Sell Indus Tower; target of Rs 260: ICICI Securities

Apr 22, 2024 | 23:26 pm

ICICI Securities is bearish on Indus Tower has recommended sell rating on the stock with a target price of Rs 260 in its research report dated April 20, 2024.

Buy City Union Bank; target of Rs 170: ICICI Securities

Apr 22, 2024 | 23:16 pm

ICICI Securities is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 170 in its research report dated April 21, 2024.

Buy Hatsun Agro Products; target of Rs 1190: ICICI Securities

Apr 22, 2024 | 23:16 pm

ICICI Securities is bullish on Hatsun Agro Products recommended buy rating on the stock with a target price of Rs 1190 in its research report dated April 23, 2024.

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Stock Market News and Analysis Live Today: The Ultimate Source

The Latest Stock Market News and Analysis Live Today: The Ultimate Resource for Stock Market News, Technical and Fundamental Analysis, Signals, and Forecasts.