Michael Vi/iStock Editorial via Getty Images TV streaming platform operator Roku (NASDAQ:ROKU) posted a seventh straight session of gain 1.32% higher at $59.93. The stock has added 12.06% of value over the course of the last six trading days, with a notable gain recorded on Wednesday, June 26. ROKU finishedContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed more than 1% Thursday as rising worries over geopolitical risk and expectations of tightness in Q3 outweighed a surprise increase in U.S. crude and gasoline inventories. Cross-border tensions between Israel and Hezbollah in Lebanon have been escalating, fanning fears of a wideningContinue Reading
Bet_Noire/iStock via Getty Images Most-active gold futures dipped below $2,300/oz on Wednesday to the lowest finish in more than seven weeks, weighed by a stronger dollar and higher bond yields, while traders await U.S. inflation data due later this week. The dollar rose 0.4% to nearly a two-month peak againstContinue Reading
Volume away from semiconductor ETFs’ (SMH), (SEMI), (NASDAQ:SOXX) overbought conditions could mean some long-term bullishness with other parts of the market seeing gains, according to an Argus Research Market Movers note. Analyst Mark Arbeter wrote that funds have rotated away from the semis (SMH), (SEMI), (SOXX) and into other partsContinue Reading
vandervliet93/iStock Editorial via Getty Images FedEx Corporation (NYSE:FDX) shot up 13% in premarket trading after the package delivery giant topped earnings expectations as revenue growth inflected positive. Investors also have their eyes on the company’s assessment of the role of FedEx Freight and potential steps to further unlock sustainable shareholderContinue Reading
izusek Real estate stocks edged down in the week ended June 21 after a mixed economic data and the latest housing market update, while the major market averages gained marginally. The Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) ended the holiday-shortened week 0.13% lower at $38.48. The fund postedContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
