A strong economic backdrop and gradual changes mean the Fed's balance sheet reduction won't hurt the economyRead More »
Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need
Industrial behemoth General Electric Co. (GE) was one of the biggest beneficiaries of infrastructure-driven "Trump Bump" following the election back in November. Shares charted more than 12% higher into the end of the year, besting the rest of the S&P 500 by a big margin. But fast forward to 2017, and things look very different for GE's price trajectory. Year-to-date General Electric has shed more than 23% of its market value, plummeting at the exact same time the rest of the broad market has been rallying higher. It's a great example of a good company with an awful stock. Shares have been downright toxic to hold in your portfolio for the last nine months. Importantly, GE's price action has been
Shiftgig just tapped a former LinkedIn executive to be its next CEO. Shiftgig, the Chicago-based startup that connects businesses with hourly workers, announced Tuesday that it has hired Wade Burgess, LinkedIn’s former VP of talent solutions, as its chief executive. Current CEO and Co-Founder Eddie Lou will remain with the company, transitioning to the role of executive chairman.