The S&P and the Nasdaq closed at record highs on Tuesday, while the Dow hovered around record levels.Read More »
It's time to check out the charts... The rally in Nvidia (NVDA) began in April last year and the stock has gone on to a 386% gain since then, but there's another stock in the graphics and artificial intelligence semiconductor space that has done even better. Advanced Micro Devices (AMD) is up 408% in the last 16 months and is retesting its all-time highs as the company is set to report earnings after the close of trading Tuesday. The price action on the daily chart and the technical indications suggest a potential 17% move higher from its current level. Looking to make a move on Nvidia? Jim Cramer shares when the stock is a buy: The $15.00 area has supplied resistance for the last six months
Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks. One-time items included a $248 million charge as the company shifted production of the Ford Focus from Mexico to China. Ford's automotive revenue of $37 billion was in line with Wall Street's expectations.
United Auto Workers President Dennis Williams said the union is working with General Motors (GM) to avoid layoffs as U.S. auto sales slump, AutoBlog reported. GM is considering producing more trucks and SUVs while killing off six slow-selling models produced at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio. It's unclear if the plants will start producing newer, more popular models. Watch: Are you driving one of GM's most popular crossovers? GM has cut shifts at several of its U.S. plants as inventories of small and midsized cars grow. If GM stopped producing the six models under consideration, it wouldn't happen until 2020. The models at risk are the Chevrolet Volt,