One age-old indicator may be moot in this wild market, trader says
Dow theory ... with a twist. That’s what this year’s market uncertainty could bring, Chantico Global founder and CEO Gina Sanchez told CNBC’s “Trading Nation” on Friday as the Dow Jones Transportation Average overtook its June highs. According to [...]
After Uber reports plummeting rides, traders look ahead to Lyft earnings
Uber shares continued to fall to begin the new week. The ride-hailing company saw its stock plummet on Friday after it reported a steep drop in gross ride bookings in its recent quarter. One bright spot, though — [...]
‘You cannot pay an unlimited price’ for tech stocks, trader warns as Big Four CEOs testify on Capitol Hill’
It’s a big week for Big Tech. The CEOs of Apple, Amazon, Alphabet and Facebook testified Wednesday at a House Judiciary subcommittee hearing on antitrust, a day before the four companies are scheduled to report earnings. Shares of all four tech titans [...]
Software has more room to run despite Microsoft’s mixed quarter.
The market’s mixed reaction to Microsoft’s earnings report has called software’s rally into question. The tech giant beat Wall Street’s expectations on the top and bottom lines in its fiscal fourth-quarter earnings report on Wednesday, but softer-than-expected revenue guidance [...]
Beyond Netflix: These two stocks could be best streaming plays, traders say.
The stay-at-home trade is still going strong, and it’s not just Netflix catching investors’ attention. Gina Sanchez, CEO of Chantico Global, says a different streaming stock looks best positioned after Netflix offered weak guidance for subscriber growth last week. [...]