Tech stocks are having their best January in decades — here’s why it might not be a good sign

Tech stocks are having their best January in decades — here’s why it might not be a good sign

Tech stocks are on a tear to start 2023, but that could actually be a worrying signal. The Nasdaq COMP composite index, +0.95% is up 11% so far this month, on track for its best January performance since posting a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 rally cooled … Read more

Charts suggest investors should bet on Dow Jones Industrial Average ‘workhorses’, says Jim Cramer

Charts suggest investors should bet on Dow Jones Industrial Average ‘workhorses’, says Jim Cramer

On Friday, CNBC’s Jim Cramer told investors to avoid Nasdaq Composite stocks and place their bets on names listed in the Dow Jones Industrial Average. “Even though tech started the new year well and it was crazy today, the rankings, as interpreted by Larry Williams, say be a little wary of the Nasdaq show horses … Read more

S&P 500 nears first ‘golden cross’ in 2.5 years, but that doesn’t guarantee more gains to come

S&P 500 nears first ‘golden cross’ in 2.5 years, but that doesn’t guarantee more gains to come

The S&P 500 is poised to hit its first “golden cross” in two and a half years, but that doesn’t mean stocks are destined for more gains in the year ahead. The golden cross indicator is used by technical analysts as a sign that a particular uptrend in markets or currencies is gaining momentum. Barring … Read more

American Express, Intel, Silvergate Capital and more

American Express, Intel, Silvergate Capital and more

American Express, Visa and Mastercard signage is displayed in a storefront in New York. Scott Eells | Bloomberg | Getty Images Find out which companies are making headlines in the midday business. American Express – The credit card company saw its shares jump 11% after it released upbeat earnings and revenue forecasts for 2023 that … Read more

Intel, Chevron, American Express, Silvergate and more

Intel, Chevron, American Express, Silvergate and more

Intel said on April 5, 2022 that it had suspended all business operations in Russia. Pictures by Paco Freire/Sopa | Light flare | Getty Images Check out the companies making headlines before the bell: Intel — The chipmaker suffered a 9% loss in its shares early in the morning after its latest financial results missed … Read more

Gautam Adani’s firm loses $50 billion in market value after report on short sellers

Gautam Adani’s firm loses  billion in market value after report on short sellers

New Delhi CNN — The value of Gautam Adani’s business empire has plummeted by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, released a scathing report l accusing of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious”, and is considering legal … Read more

Adani shares fall further as they consider legal action against Hindenburg

Adani shares fall further as they consider legal action against Hindenburg

Adani Group Chairman and Founder Gautam Adani during the News18 Rising India Summit on February 25, 2019 in New Delhi, India. Since becoming a billionaire in 2008, Adani is now one of the richest people in the world, with a fortune of $113 billion, according to the Bloomberg Billionaires Index. Hindustan Times | Hindustan Times … Read more

Stock futures fall after Dow posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Stock futures fall after Dow Jones posts five-day winning streak

Stock futures fall after Dow posts five-day winning streak

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, January 26, 2023. andrew kelly | Reuters Stock futures fell Friday morning as investors anticipate earnings and economic reports expected later in the day. Futures contracts linked to the Dow Industrial Average fell 42 points, or 0.12%. S&P 500 … Read more

Chevron, Tesla, Seagate Technology, United Rentals and more

Chevron, Tesla, Seagate Technology, United Rentals and more

Find out which companies are making headlines in the midday business. Seagate Technology – Shares of the data storage company jumped more than 10% a day after Seagate recorded beatings up and down for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings … Read more