All posts by Todd Mitchell

Market Mixed as Fed Stands Pat

Wall Street was mixed on Wednesday following a heavy dose of earnings and the Fed’s meeting minutes. The Federal Reserve said the U.S. economic recovery remains on track with Chairman Powell adding the central bank remains a ways away from considering raising interest rates. Powell also stated the job market still has some ground to […]

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Apple’s iPhone hot streak is going to run into the global chip shortage

Apple

Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39.57 billion in sales. That followed the March quarter, where iPhone sales were up 65.5% annually, and Apple’s holiday quarter, where sales were up 17% to $65.60 billion. The iPhone is on a hot streak driven by last year’s […]

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Volatility Rises on Market Pullback

Dow

The stock market pulled back on Tuesday as traders remained cautious ahead of key earnings reports after the bell and Wednesday’s Federal Reserve announcement. Ongoing weakness in U.S.-listed Chinese stocks also weighed on sentiment as fears over more regulations persisted with volatility clearing but holding a key level of resistance.   The Nasdaq tumbled to […]

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Extreme Option Profits Chart of Day… Cassava Sciences (SAVA)

Keep an eye on Cassava Sciences (SAVA) this week. The stock could see higher highs, as we near its presentation at the 2021 Alzheimer’s Association International Conference today.  The presentations will include “Cassava Sciences’ investigational product candidates include simufilam, a drug treatment for Alzheimer’s disease, and SavaDx, a biomarker/diagnostic to detect Alzheimer’s disease with a simple […]

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Bulls Show Continued Momentum

The stock market was slightly choppy on Monday after trading in a tight range while setting another round of fresh all-time highs. The hesitancy came as Wall Street prepares for a slew of second-quarter earnings and another update from the Federal Reserve.   Excluding the small-caps, the major indexes extended their winning streak to five-straight […]

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Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market

Bitcoin

Bitcoin surged Sunday evening topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off. The cryptocurrency was trading at around $38,059.84 at 11:05 p.m. ET, according to CoinDesk data, up nearly 11% from the same time 24-hours prior. Bitcoin had previously hit a 24-hour high of $39,544.29, the highest level […]

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Bulls Push Fresh all-Time Highs

Wall Street showed continued momentum on Friday to extend its winning streak to four-straight sessions while hitting another round of fresh all-time highs. The gains easily gave the bulls the weekly win following last Monday’s mini selloff and comes ahead of the busiest week for the second-quarter earnings season.   The Nasdaq tapped an all-time […]

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Treasury yields climb, 10-year Treasury tops 1.28% ahead of PMI data

Bank of America

Treasury yields climbed on Friday morning, with the 10-year rate topping 1.28%, ahead of the release of July’s flash purchasing managers’ index readings.The yield on the benchmark 10-year Treasury note added 1 basis point, climbing to 1.281% at 3:45 a.m. ET. The yield on the 30-year Treasury bond gained 1 basis point, rising to 1.917%. […]

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Bulls Stay Strong Despite Sluggish Session

China’s economic

The stock market traded in a tighter range on Thursday and on both sides of the ledger before going out mostly higher. The small-caps slacked following two-straight day days of gains for the major indexes as traders prepared for a number of high profile earnings after the closing bell.         Volatility ticked […]

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Extreme Option Profits Chart of Day… Pfizer (PFE)

The Tokyo Olympics may not happen. Just days ahead of the games, Japan is seeing a significant number of new cases, leading to calls to cancel the Games.  Worse, hospitals in Osaka are at a breaking points, says The Sun. In addition, the Head of the Tokyo Olympics, Toshiro Muto says the games could still […]

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