Winning Stock Plays

US stocks ended higher Wednesday after a volatile session that saw the release of the Fed’s May meeting minutes. Policy makers want to move “expeditiously” with rate hikes to tame hot inflation.  Consumer discretionary stocks led a gain on the S&P 500.  Loading Something is loading. US stocks closed Wednesday’s volatile session higher after Federal… Continue reading US stocks climb in volatile session as Fed minutes signal fast pace of rate hikes followed by a pause

The average gallon of gas in the US hit a high of $4.59 Tuesday, about 51% higher than a year ago. Demand on a four-week rolling basis was its lowest for this time of year since 2013, excluding 2020. Costs and a demand slowdown could dash expectations for a driving season resembling pre-COVID times. Loading… Continue reading Gas prices have soared so high that the US is now seeing demand destruction ahead of the summer driving season

Retail investors have been sticking with buying the dips in stocks even as the value of their portfolios has suffered, Vanda Research said.  The average portfolio drawdown is 32%, the sharpest decline since the firm started tracking such data eight years ago.  The S&P 500 has pared some losses in recent sessions thanks to retail… Continue reading The average retail investor’s portfolio has lost 32% of its value in this year’s sell-off — but that hasn’t stopped them from buying the dip in stocks, research firm says

The S&P 500 just flashed a technical “buy” signal, according to Katie Stockton of Fairlead Strategies.The positive move in the S&P 500’s MACD indicator suggests an oversold rally could materialize. “This reflects significant improvement in short-term momentum despite the day-to-day volatility that we have been suffering through.” Loading Something is loading. The S&P 500 could be… Continue reading The S&P 500 just flashed a ‘buy’ signal that could mean an oversold rally is on the horizon, Fairlead Strategies’ Katie Stockton says

Satellite stocks Maxar, BlackSky and Planet Labs soared on news of a new Pentagon contract. The National Reconnaissance Office said the deal is its largest-ever commercial imagery contract. Specific financial terms weren’t disclosed, but the NRO said the contract is worth billions of dollars over a decade. Loading Something is loading. Satellite stocks Maxar Technologies,… Continue reading Satellite stocks Maxar, BlackSky and Planet Labs soar as Pentagon spy agency awards multibillion-dollar deal