For stocks like Roku (NASDAQ:ROKU), growth has beaten valuation almost every time in this market. Whether it’s ROKU stock, or Shopify (NYSE:SHOP), or (for the most part) the likes of Amazon.com (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX), investors have proven that they will pay almost any price for solid growth. Source: JHVEPhoto / Shutterstock.com And so, for
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Wall Street is in Santa Claus rally mode at the end of the week. But will it be another and more bearish December to remember? One thing is for certain, blue-chip stocks 3M (NYSE:MMM), ExxonMobil (NYSE:XOM) and Home Depot (NYSE:HD) are showing technical signs that admired income streams will be trumped by capital gains for
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The November jobs report delivered today before the opening bell brought some holiday cheer and that was enough to send stocks soaring to close the week as the major equity benchmarks closed higher for a third consecutive day. Source: Provided by Finviz The S&P 500 surged 0.91% The Dow Jones Industrial Average rallied 1.22% The Nasdaq Composite
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Today we saw silver (SLV) drop more than 2% and I believe it is still difficult to have high conviction that the lows are in at $16.50/oz. This is divergent from the action we see in gold (GLD), where sentiment is near May levels, and we’ve seen small speculators shed a significant amount of long contracts
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Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment
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After a rough start to the week, the markets are back in rebound territory. While recent economic data this week isn’t spurring on the bulls, it isn’t so bad as to encourage the bears to start selling off in earnest. The economy seems to be solid and while next-year growth may be slow, it doesn’t
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