The onset of multiple artificial intelligence (AI) applications across many industries has vaulted Nvidia (NASDAQ: NVDA) into the spotlight among investors. That has led shares of the chipmaker to soar 150% in the first half of 2024. And that includes a retracement of nearly 10% in the final two weeks of June. The stock’s upward […]
(Illustration by Jim Cooke / Los Angeles Times; Photo via Getty Images) Two months before the U.S. Supreme Court shot down an attempt to ban abortion medication, a San Diego County doctor who was a plaintiff in the case stepped onto a stage in Texas and warned that another civil war is coming — this […]
↑ X NOW PLAYING The Bulls Are Running. This Trading Rule Is Key When Everyone’s Making Money. All eyes are on Nvidia lately, with its triple-digit earnings and sales growth, triple-digit share price returns and outsize stock market impact as of late. So a heavy-volume downside reversal off highs this week begs the question: How […]
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Short bets against funds that track major US indexes have declined to record lows, JPMorgan said. There are three main reasons short sellers are withdrawing from the market. Low levels of short-selling could spark volatility in the market […]
Weeks after his felony sex crimes conviction in New York was overturned, disgraced movie producer Harvey Weinstein has appealed his rape conviction in Los Angeles, with his lawyers arguing that he wasn’t given a “fair opportunity” to defend against the allegations. Filed in California’s 2nd District Court of Appeal on Friday, the appeal argues that […]
AI darling Nvidia (NASDAQ:NVDA) continues to dominate the stock market, driving broader indices with its extraordinary volume. However, according to BTIG, the hype surrounding the chipmaker’s stock has reached extreme levels, especially following the company’s announcement of a stock split on June 7. Per BTIG, Nvidia’s current trading volume is running 90% above average, on […]
A previous column covered why position size was critical when we took a small loss in Dell (DELL). But just because a stock is a losing trade, doesn’t mean it shouldn’t be revisited. Here’s how we handled a profitable trade in Dell stock and why we take notice of downside reversals. X A Second Chance […]
In a reversal of a previous decision, a Jefferson County court has ruled incumbent state Rep. Nima Kulkarni, a Louisville Democrat, filed improper paperwork as she sought reelection this year and should be removed from the ballot as a qualified candidate. The Jefferson Circuit Court of Appeals issued the ruling Wednesday morning. In a text […]
Shopify Prepares To Report Q1 Earnings: Charts Indicate Bullish Reversal, Analysts Predict Downside Shopify Inc (NYSE:SHOP) is reporting its first-quarter earnings on Wednesday. Wall Street expects 17 cents in EPS and $1.845 billion in revenues as the company reports before market hours. The stock is up 18.44% over the past year but down 2.04% YTD. […]
Drought relief (Photo by Justin Sullivan/Getty Images) The storms that hit California in 2023 and early parts of 2024 continued to provide glimpses of hope after the severe drought up and down the state dropped water levels to shocking all-time lows. While the large fronts that began at the start of the year have caused […]
SACRAMENTO, Calif. (AP) — California is partnering with a New Jersey-based pharmaceutical company to purchase a generic version of Narcan, the drug that can save someone’s life during an opioid overdose, under a deal announced Monday by Democratic Gov. Gavin Newsom. Amneal Pharmaceuticals will sell naloxone to California for $24 per pack, or about 40% […]
Donald Trump posted on Truth Social Friday about Robert F. Kennedy Jr. Trump called the third-party candidate a “Democrat ‘Plant’” and “Radical Left Liberal.” The diatribe comes as polling shows RFK Jr.’s run could siphon votes away from Trump. Donald Trump will likely face a second contest against Joe Biden in the upcoming election, but […]