Previous Close | 84.15 |
Open | 84.15 |
Bid | 78.00 |
Ask | 83.00 |
Strike | 285.00 |
Expire Date | 2022-01-21 |
Day's Range | 84.15 - 84.15 |
Contract Range | N/A |
Volume | 1 |
Open Interest | 11 |
There were many things to be grateful over the Thanksgiving holiday, including personal finances for many Continue reading...
In November, 266K new jobs were created -- way ahead of the 180K expected and the ADP print of just 67K new private-sector jobs.
Aramco Goes Public, Finally Saudi Arabia took the biggest company in the world public today in the Saudi Arabian exchange, for what logically ended up being the biggest IPO in the world. It sold 3 billion shares at $8.53 a share, raising more than the now-runner-up Alibaba (NYSE:BABA) when it went public in 2014. Since […]The post Market Morning: Aramco Goes Public, Pelosi to Save Democracy, Payrolls Beat, Uber Assaults appeared first on Market Exclusive.
Chances of a phase-one U.S. China trade deal is likely to be the main focus of investors before mid-December. Bet on dividend ETFs to steer clear of the uncertainty
Initial Jobless Claims for last week came out better than expected -- down 10K claims to 203K from an unrevised 213K the previous week.
U.S. markets and stock ETFs rebounded after U.S. President Donald Trump said talks with China were going "very well," allaying some of the prior fears that a deal would be delayed. On Wednesday, the Invesco QQQ Trust (QQQ) was up 0.6%, SPDR Dow Jones Industrial Average ETF (DIA) gained 0.6% and SPDR S&P 500 ETF (SPY) rose 0.7%. Analysts argued that markets are putting hopes on an initial accord being hashed out between the U.S. and China as U.S. negotiators anticipate a phase-one deal with China to be completed before the mid-December scheduled tariff hikes, the Wall Street Journal reports.
Inside the ETF asset report for the month of November when U.S. key index ETFs ruled and treasuries lost.
New private-sector jobs totals for November came in basically only half of what were produced in October.
Despite the age-old trend of a Santa rally, 2018 was a massive downer. Since 2019 is giving the same cues, investors can seek refuge in these safer ETFs.
Top news and what to watch in the markets on Wednesday, December 4, 2019.
U.S. stocks sold off sharply Tuesday after President Donald Trump suggested he was in no hurry to clinch a trade deal with China.
Apple ETFs poised to see a solid December on rising sales of AirPods.
America is a nation at odds with itself, a state of affairs that has come to pass mostly over the previous 10 years.
Wall Street started December on a dull note. Time to play inverse ETFs?
Top news and what to watch in the markets on Tuesday, December 3, 2019.
Last year was an exception when the stock market plunged in December. • The left-most point on the chart shows a rise, similar to the one happening now, in the stock market. • The right-most point shown on the chart is for the current stock market.
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot. It jumped from a low near $27.50 in early October to $42 last week, although AMD has subsequently dropped to $38.50. In other words, Advanced Micro Devices stock has rallied 40% in about six weeks. Talk about an incredible run!Source: Sundry Photography / Shutterstock.com In back-to-back sessions, AMD stock price lost its momentum near the $42 mark. However, that hasn't stopped some analysts from predicting a run to $50 or more.Lately, there have been several calls by analysts for a rally into the upper-$40s. But two calls stand out the most. That's RBC Capital Market's price target of $50, issued on Nov. 15, and Rosenblatt's $52 price target, established on Nov. 18. To get to $50, Advanced Micro Devices stock needs to rally over 30% from its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCan AMD do it? Trading AMD Stock Click to EnlargeThe $34 to $35 area had been resistance for quite some time, dating back to 2018. In October, Advanced Micro Devices stock was finally able to push through that mark. After doing so, the stock rallied to $37 and then pulled back.The pullback was very telling, though, as AMD stock price found support at $35.50, its old 52-week high reached in August. On the chart above, the purple arrows highlight that retreat. * 7 Entertainment Stocks to Buy to Escape Holiday Blues After twice failing to push through $42, Advanced Micro Devices stock has lost some steam. With such an elevated RSI reading -- which measures how overbought and oversold a stock is -- it's no wonder that AMD stock price is weakening.The question is, when will buyers step back in?With the recent breakout of Nvidia (NASDAQ:NVDA) and with the PowerShares QQQ ETF (NASDAQ:QQQ) reaching new highs, AMD may not remain under pressure for long.The stock has a steep uptrend mark (depicted by the blue line) that comes into play near $39. While that may or may not act as support this time around, it's too steep to remain in play indefinitely. If it fails sooner rather than later, look for the shares' 20-day moving average to give AMD stock a boost.Ultimately, it would be healthy to see Advanced Micro Devices stock decline to the $34.30 to $35.50 area and again find support in that area. A move above $42 would put $50 on the table, although it will still have a ways to go before getting there.It's worth mentioning that AMD stock does have the 123.6% Fibonacci extension at $47.87 at this time. Valuing Advanced Micro Devices StockHelping fuel the move higher is an improvement in the company's fundamentals. Simply put, almost all aspects of Advanced Micro Devices' business are continuing to improve.Its revenue and earnings continue to grow, its debt continues to shrink and its products keep getting better. Its product enhancements have allowed it to compete more effectively with Nvidia and Intel (NASDAQ:INTC), as consumers begin to consider AMD a viable alternative in some areas.Not to mention, the company is growing. Recently, I wrote about Nvidia stock being embraced by investors again. The company is finishing up a tough year in terms of revenue and earnings, both of which declined year-over-year, due to the crypto fallout. However, in its upcoming fiscal year, Nvidia's sales and earnings will resume growing.Like Nvidia, AMD was negatively impacted by the crypto collapse. However, unlike Nvidia, AMD's top and bottom lines rebounded this year. AMD's revenue and profit growth is expected to accelerate next year.Analysts, on average, expect its revenue to rise 3.7% this year. While that doesn't sound too exciting, keep in mind that the revenue of both Intel and Nvidia is expected to grow more slowly. Plus, AMD's earnings should rise almost 35% in 2019. In 2020, analysts, on average, expect its earnings to climb 75% and predict that its top line will surge 27%.So while Advanced Micro Devices stock may be more expensive on a traditional valuation basis than its peers, keep in mind that its growth is superior to them and accelerating.If my predictions about the stock's support prove to be accurate, look for the rally of Advanced Micro Devices stock to possibly continue, particularly if it can climb above $42.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Things to Watch for into 2020 for Safer Income & Growth * 7 Entertainment Stocks to Buy to Escape Holiday Blues * 5 "Strong Buy" Biotech Stocks With More Than 80% Upside The post Can Advanced Micro Devices Stock Surge to $50? appeared first on InvestorPlace.
History suggests that U.S. stocks are likely to enjoy a broad rally in December, bolstered by growing investor optimism and market momentum.
After the opening bell, two new goods-producing metrics will hit the tape: Markit Manufacturing PMI and the ISM Manufacturing Index.
While demand for stocks remains strong, the market is nearing an overheated level, so investors should proceed with caution.
Top news and what to watch in the markets on Monday, December 2, 2019.
Stock market news headlines in real-time.
Stocks were lower across the major indices and closed near the lows of the session on a shortened trading day.
Markets close early today, and low trading volume is expected. Pre-market futures indicate a slight pullback from Wednesday's all-time closing highs.