Pinterest, Inc. and Snap, Inc. have been trading in a fairly tight horizontal pattern, which indicates consolidation. The consolidation has been in response to the two social media stocks being heavily beaten down over the course of many months, where Pinterest plunged over 64 percent from its Feb. 16, 2021 all-time high of $89.90 and…
Chart Wars, Will Snap Stock or Pinterest Stock Break From This Pattern First?
Did Donald Trump-Affiliated SPAC Stock Spike on Fox News Joining Truth Social?
Shares of a SPAC linked to taking former President Donald Trump’s media and social media company public jumped Tuesday. Here’s what could be causing the sudden spike. What Happened Social media app Truth Social is part of Trump Media & Technology Group, a company going public via SPAC merger with Digital World Acquisition Corp.. Fox…
Is Lululemon Stock Headed Back Toward All-Time Highs? Technically Yes and Here’s Why
Lululemon Athletica, Inc. was trading about 1.65 percent higher on Thursday, as the stock attempted to break up from a bull flag pattern on the daily chart. The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between…
HP Soars 14.8 Percent, Sets Record After Buffett Reveals $4.2 Billion Stake
HP Inc’s stock soared to a record high on Thursday after billionaire Warren Buffett’s Berkshire Hathaway Inc said it had taken an 11.4 percent stake valued at about $4.2 billion in the maker of personal computers and printers. Berkshire revealed in a Wednesday night regulatory filing that it owned nearly 121 million HP shares, including…
Ford Motor’s Stock Heads South: Here’s Where to Watch for a Reversal
Ford Motor Co. was falling more than 5 percent on Thursday as it continued to trend within a confirmed downtrend pattern. A downtrend occurs when a stock consistently makes a series of lower lows and lower highs on the chart. The lower lows indicate the bears are in control while the intermittent lower highs indicate…
Chart Wars, Twitter vs. Meta Platforms: How Has Elon Musk’s Role as Shareholder Influenced Stock Price?
Meta Platforms, Inc and Twitter, Inc were trading flat on Thursday morning, in tandem with the general markets, which were consolidating Wednesday’s steep sell-off. Tech stocks have seen a sharp rebound over the past few weeks, with the Nasdaq soaring almost 18 percent between March 15 and March 29 before entering into a period of consolidation. The discovery…
Stock Wars: BuzzFeed Vs. Lee Enterprises
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two leading media companies: BuzzFeed, Inc. (NASDAQ:BZFD) and Lee Enterprises, Inc. (NASDAQ:LEE). The Case For BuzzFeed: This New York City-based company was founded in 2006…
Why This Analyst Recommends AMD and These 3 Chip Stocks as His Favorite Semiconductor Plays
Despite supply chain challenges, an analyst at KeyBanc Capital Markets said he is constructive on the semiconductor cycle. Here’s why. Strong Demand Persists Fourth-quarter IC unit shipments increased 15 percent year-over-year, slower than the third quarter’s 15 percent growth but much faster than the five-year, fourth-quarter average of 9 percent, analyst John Vinh said in a…
Here’s How Wells Fargo Views Fintech Stocks Shopify, PayPal, Block
Wells Fargo analyst Jeff Cantwell launched global coverage of the payments and fintech sector with a bullish stance. He saw a $1.5 trillion annual revenue opportunity for fintech companies globally and expects 6 percent yearly growth over the ensuing decade. Cantwell initiated Shopify Inc. with an Overweight rating and an $834 price target (18.2 percent upside). After the recent…
Is Tesla Stock Headed Over $1,500? Technically Yes, And Here’s Why
Tesla, Inc was rising over 4 percent on Monday in reaction to a bull flag pattern, which the stock had developed on the daily chart. The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between a channel…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`