Shares of CME Group Inc. (CME) have been underperforming the S & P 500 index since the April market low. While the S & P was making higher highs and higher lows in August and September, CME was breaking down through key support levels. But a recent breakout tells us that CME has now entered a new accumulation phase, meaning much further upside potential for this futures trading play. After breaking below its 50-day moving average in August, CME then tested its 200- day moving average around $257. All through September and October, the price continued to bounce off the…
Author: usaeverydaylife
The ‘Fast Money’ traders digest Thursday’s sell-off and what is driving the markets lower. Source link
It was a volatile week for the stock market, with the Dow Jones Industrial Average hitting an all-time high before pulling back. Wall Street pulled money away from Big Tech and into more defensive sectors, such as health care and financials. The end of the longest-ever U.S. government shutdown and expectations for interest rate cuts were also top of mind. When it was all said and done, though, stocks were little changed. For the week, the S & P 500 edged up only 0.3%, but the tech-heavy Nasdaq fell nearly 0.5%. That was the Nasdaq’s second straight week of losses.…
Inter Miami CF forward Lionel Messi (10) scores a goal during the first half against the New England Revolution at Gillette Stadium. Paul Rutherford | Imagn Images Via Reuters ConnectMajor League Soccer is stepping onto a bigger stage next year, when all of its matches will find a new home on Apple TV.Beginning in the 2026 season, MLS games will be available on Apple’s flagship streaming platform, which currently includes Major League Baseball games as well as scripted series like “Severance.”The move marks a big shift for both the league and Apple’s media strategy, as the tech giant will end…
Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS strategists. In a note on Tuesday, strategists at the Swiss investment bank labeled 2026 the start of “Europe’s next era,” and outlined trades that could help investors capitalize on changing tides in the region. “After three long years, we finally forecast a year of earnings growth,” they said of Europe’s largest listed companies. UBS has a 600-euro year-end target price on the pan-European Stoxx 600 — which has already gained around 14% so far this year — and sees the index…
Oil and gas giant Exxon Mobil ‘s fundamentals are improving, making for a strong buying opportunity for investors, according to Ritholtz Wealth Management CEO Josh Brown. Shares of Exxon Mobil are up more than 10% year to date, but Brown said he sees further room to grow. He expects the stock, which is near $119, to test a breakout level in the $125 area. “There are some stocks that move very quickly back and forth. They’re in an uptrend, they’re in a downtrend, and then there are oil tanker stocks that it really takes a lot for them to change…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTom Rogers, Versant Media Senior Advisor and fmr. NBC Cable President, joins ‘Fast Money’ to talk Disney stock sliding after earnings.06:13Thu, Nov 13 20255:52 PM EST Source link
President Donald Trump is blaming the meat packers and U.S. cattlemen for rising beef prices, but the tariffs on beef from Brazil, Australia, New Zealand, Uruguay, feed, farm equipment and machinery are all adding to the price surge.The United States is a big buyer of Australian, Brazilian, and New Zealand beef exports.Brazil is the second-largest beef-producing country and the largest beef-exporting country in the world.Brazilian beef exports tracked by Panjiva plummeted in July and August after multiple tariffs resulted in a layered 76.4% total rate being implemented for Brazilian beef. Trump imposed a 50% tariff rate for many Brazilian goods…
Adriana Kugler testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors, on Capitol Hill in Washington, U.S., June 21, 2023. Jonathan Ernst | ReutersFormer Federal Reserve Board Gov. Adriana Kugler broke the central bank’s rules regarding stock trading, according to a report released Saturday by the U.S. Government Ethics Office.The report comes three months after Kugler abruptly, and mysteriously, resigned from the Fed’s Board of Governors. Kugler had joined the Fed in September 2023.A financial disclosure report that Kugler filed on Sept. 11, which contains details of securities transactions,…
Industrial and infrastructure stocks may soon share the spotlight with the artificial intelligence trade.According to ETF Action’s Mike Atkins, there’s a bullish setup taking shape due to both policy and consumer trends. His prediction comes during a volatile month for Big Tech and AI stocks.”You’re seeing kind of the old-school infrastructure, industrial products that have not done as well over the years,” the firm’s founding partner told CNBC’s “ETF Edge” this week. “But there’s a big drive… kind of away from globalization into this reshoring concept, and I think that has legs.”Global X CEO Ryan O’Connor is also optimistic because the groups support the AI…
