All posts by Todd Mitchell

Disney cuts ad spending on Facebook amid growing boycott

 Walt Disney has become the latest company to slash its advertising spending on Facebook Inc as the social media giant faces an ad boycott over its handling of hate speech and controversial content, the Wall Street Journal reported https://on.wsj.com/2WBnyQ1 on Saturday, citing people familiar with the situation.Disney joins other companies like Starbucks Corp, Unilever Plc, […]

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Dow, S&P 500 Up 3-Straight Weeks, Tech Lags

The market traded on both sides of the ledger and in a much tighter range on Friday before closing mostly higher. Mixed economic news and some hesitancy ahead of the weekend led to lower volume as Wall Street prepares for the bevy of upcoming 2Q earnings this week.Tech struggled throughout the session to close Friday […]

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Morgan Stanley posts record profit on trading boom

Morgan Stanley posted a record quarterly profit on Thursday that blew past analysts’ expectations as another of Wall Street’s big investment banks gained from huge swings in financial markets due to the coronavirus crisis. The bank wrapped up second-quarter results for the big U.S. lenders that shook out along expected lines. Trading powerhouses Morgan Stanley and Goldman […]

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Bulls Take a Breather

The market struggled on Thursday following a flurry of economic data and rumors of possible new lock-downs in Texas. Corporate earnings were strong but with numbers that have mostly beat weak Q2 expectations and failed to provide a spark.The major indexes settled lower across the board, with Tech and the small-caps leading on the downside. […]

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Extreme Option Profits Chart of Day…AstraZeneca (AZN)

Keep an eye on AstraZeneca (AZN).The stock could explode higher later this week.  All on news a medical journal will release positive news on the coronavirus vaccine the company is developing with University of Oxford researchers, according to Bloomberg. “Results from early tests of the vaccine in people will be published by The Lancet, perhaps […]

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Small-Caps Reclaim 200-Day Moving Average

The market showed strength throughout much of Wednesday’s action following updated news on a coronavirus vaccine. Better-than-expected earnings and economic news also lifted sentiment with the small-caps showing the most strength.Tech traded in a more volatile environment after giving back its opening gains and was in the red by Wall Street’s lunch break. Strength in […]

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Dow surges 557 points as traders weigh bank earnings and spiking virus cases

Value Stocks

US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. Shares of JPMorgan rose after the firm beat estimates for revenue and profit, powered by a surge in investment banking. Citigroup fell despite beating earnings forecasts. Wells Fargo slumped after reporting a $2.4 billion loss in the quarter […]

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Tech Rebounds, Blue-Chips Up 3-Straight

The market got off to a slow start despite mostly better-than-expected earnings from the Financial sector. Citigroup (C) and JPMorgan (JPM) reported numbers that topped estimates while Well Fargo (WFC) fell shy of expectations.Tech struggled until mid-afternoon before catching some second-half wind to join the major indexes in positive territory with strength into the closing […]

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Extreme Option Profits Chart of Day…Pfizer (PFE) and BioNTech (BNTX)

Keep an eye on Pfizer (PFE) and BioNTech (BNTX).A potential virus vaccine from the two companies just received “fast track” status from the US FDA.According to BioNTech, two of the company’s four investigational candidates from its BNT162 mRNA-based program being developed to help protect against the virus were “fast tracked.” Going forward, Pfizer and BioNTech […]

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Late Session Selloff Sinks Bullish Breakout

The market shrugged off weekend news to open higher despite a record number of new coronavirus cases including 15,000 in Florida. The major indexes were sailing to fresh record highs and prior resistance levels from early June before a late day curve bulls ruined the momentum.Tech had started to weaken in the final hour of […]

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