US stock bulls are taking heart from a range of market signals pointing to an upbeat year for Wall Street, as equities sit on impressive gains despite worries that the Federal Reserve’s monetary policy tightening may plunge the economy into a recession. Among these are equities’ positive January performance, a "golden cross" chart pattern on the S&P 500 and more stocks making new highs rather than new lows. Such signals are far from the only indicators market participants use to make investment decisions, and they are not foolproof. Weak outlooks for corporate heavyweights such as Amazon and Microsoft and a blowout employment number that heightened expectations for Fed hawkishness injected a fresh note of uncertainty into markets on Friday, though the S&P 500 remains up 7.7 percent year-to-date. However, steady improvements in gauges of momentum and sentiment in recent weeks reinforced the view among some investors that asset prices may be heading for a more benign … [Read more...] about Wall Street Week Ahead | Signals of market regaining momentum attract investors
Share to Twitter Share to Linkedin Investors were on edge at the start of the week as concerns mounted about the health of the stock market rally ahead of the FOMC meeting and earnings from four tech giants. Many think that the January move higher in stocks was just a bear market rally even though the S&P 500 gained an impressive 6.18% while the Nasdaq Composite rose 10.7%. Many Wall Street strategists , who on average looking for stocks to close below current levels in 2023, think a recession is inevitable and that earnings valuations are too high. Stocks reflected the nervousness on Monday as they had the largest drop of the month with the Nasdaq 100 losing 2.1%. Apple AAPL , Inc. (AAPL) and Microsoft MSFT (MSFT) led the decline. This reassured the stock market bears as Morgan Stanley commented “We think the recent price action is more a reflection of the seasonal January effect and short covering after a tough end to December and a … [Read more...] about Tech Rally Scares Bears, Should It?
Share to Twitter Share to Linkedin Key takeaways Options allow you to make money in the stock market regardless of whether it’s up, down or stagnant The two varieties of options, calls and puts, can be combined in several different ways to anticipate the increases or decreases in the market, decrease the cost basis of a trade or mitigate the risk options trading poses Trading options can be risky, so it’s best to practice trading on paper before you use real money Most people know that you can make money in the stock market when the prices of equities are rising and the economy is doing well. But what about when economic times are uncertain? Rather than sitting on the sidelines, you can use alternative approaches to make money during a down market. One of these strategies is trading options. Options come with more risk than buying and holding stocks, but this can be minimized with proper planning. Better yet, your returns could be much more … [Read more...] about Options Trading 101: Understanding Calls And Puts
Netflix shares fell more than 30 percent early Wednesday after the streaming company reported a drop in subscribers for the first time in a decade. Netflix shares plunged more than 35 percent early Wednesday following disappointing results, while the Dow pushed higher in a mixed open for US stocks. The streaming giant caught Wall Street off guard for the second quarter in a row, reporting a drop in subscribers for the first time in a decade. Also Read: Netflix to bite the advertising bullet, but can it unlock Indian market potential? Also Read: Netflix tumbles as 200,000 users exit for first drop in decade Read More The company blamed the quarter-over-quarter erosion to suspension of its service in Russia due to Moscow's invasion of Ukraine. The drop in shares was reminiscent of the prior quarter, when a weak subscriber outlook sent Netflix shares diving. Netflix' plunge especially weighed on the Nasdaq, which was down 0.7 percent at 13,522.73. … [Read more...] about Netflix shares plunge more than 30% on lost subscribers
People trying out different games at The Arena, Comic-Con, Bengaluru The year 2022 was a weird year for gaming. The industry continued to feel the lingering effects of the 2020 Covid-19 pandemic with slower hardware sales and major delays for upcoming AAA games. Here is a look at some of the gaming highlights of 2022. More buggy launches Unfortunately, major AAA releases continued the trend of messy launches with games like Calisto Protocol or Gotham Knights. The year began with the dullest of thuds in Babylon's Fall, a half-baked unfinished co-op experience that showed Square Enix has learned nothing from its previous live service disasters. What hurt even more is that it was developed by industry darlings Platinum Games. Electronic Arts continued to release yearly installments in the FIFA franchise, and like every year, it was mocked but still sold in the millions. Thankfully, EA no longer holds the license to FIFA anymore. Read More Unfortunately, EA … [Read more...] about Gaming in 2022: A year in review
Share to Twitter Share to Linkedin Bitcoin BTC , ethereum and other major cryptocurrencies have stormed into 2023, going through a $250 crypto market earthquake . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price has climbed to levels not seen since last August despite the crypto industry bracing for game-changing new regulations . Now, Cathie Wood's Ark Investment Management, a major backer of crypto exchange Coinbase, has doubled down on its huge bitcoin price prediction —with Wood declaring her soaring fund is "the new Nasdaq." It's in a brutal bear market that you need up-to-date information the most! Sign up now for the free CryptoCodex — A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market MORE FROM FORBES Fed Delivers Devastating 'Surprise' … [Read more...] about ‘The New Nasdaq’—Coinbase Backer Issues Huge 4,200% Price Prediction After 2023 Bitcoin, Ethereum And Crypto Boom
Share to Twitter Share to Linkedin ChatGPT, the Microsoft MSFT -backed AI-based chatbot that's taken the world by storm, has become the fastest-growing internet app ever, according to analysts who think the market for generative AI could be "in excess of a trillion dollars." Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash Hype and rampant speculation about what OpenAI's ChatGPT could mean for technology and business and replaced the bitcoin, cryptocurrency and blockchain craze that peaked in late 2021. Now, bitcoin and crypto mogul Justin Sun, the creator of the tron blockchain and cryptocurrency, has proposed a "framework" to provide an "AI-oriented decentralized payment framework" for ChatGPT. It's in a brutal bear market that you need up-to-date information the most! Sign up now for the free CryptoCodex — A daily newsletter for … [Read more...] about ‘In Excess Of A Trillion Dollars’—Bitcoin And Crypto Mogul Reveals Wild ChatGPT Plan