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This Wall Street Analyst Is Shorting Tesla And Going Long On Penn Entertainment
Monday, November 21, 2022 - 9:07am | 231On CNBC’s “The Final Call,” Carter Worth of Carter Braxton Worth Charting LLC recommended holding short positions in Tesla Inc. (NASDAQ: TSLA) and going long on Penn Entertainment Inc. (NASDAQ: PENN) and other gaming stocks. Earlier this month, Penn Entertainment reported its...
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Robinhood Markets Stock Bears Brunt Of Crypto Crash As Bitcoin Hits 2–Year Low
Thursday, November 10, 2022 - 9:10am | 254Shares of Robinhood Markets Inc. (NASDAQ: HOOD) crashed on Wednesday amid high crypto volatility. On CNBC's "Options Action," Dennis Davitt of Millbank Dartmoor Portsmouth said trading resembles “what we saw in the financial crisis, not like the dotcom crisis.” Someone...
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Microsoft And A Dollar Index Fund To Consider Shorting Amid A Downtrend
Monday, October 24, 2022 - 8:11am | 173On CNBC’s “The Final Call,” Carter Worth said, “There are always rallies, but the market by all accounts is not in good shape.” He recommended for traders to “remain sellers.” Dennis Davitt said that he was going to follow Michael Khouw to get short...
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Lululemon Options Trader Sees Massive Downside Ahead Of Q2 Earnings
Thursday, September 1, 2022 - 8:41am | 169Lululemon Athletica Inc (NASDAQ: LULU) is scheduled to report its second-quarter results on Thursday after the bell. On CNBC's "Options Action," Dennis Davitt of Millbank Dartmoor Partsmouth said that the two-day options for Lululemon Athletica imply a move of around 7% after the...
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Amazon Could Test The Support Level Of $950, Pro Says
Wednesday, August 2, 2017 - 2:31pm | 362Amazon.com, Inc. (NASDAQ: AMZN)'s stock continued to drift further away from the psychologically significant $1,000 per share mark Wednesday, and some analysts see further downside ahead. Amazon's stock is now down nearly 10 percent since its all-time highs; looking at this on a 200-day chart is a...
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Here's Why Low Oil Should Be Celebrated By Bulls
Wednesday, July 12, 2017 - 11:50am | 338Contrary to popular belief, low oil prices are a positive for U.S. stocks, at least according to Dennis Davitt of Harvest Volatility. Low oil prices are typically associated with poor or slowing economic activity since it implies demand for anything and everything that requires oil input isn't...
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What's Next For Boeing, The Dow's Biggest Winner Of 2017?
Wednesday, July 12, 2017 - 11:45am | 418The top performing stock within the Dow Jones Industrial Average is none other than Boeing Co (NYSE: BA). Shares of the aerospace company hit a new all-time high of $208.61 Wednesday morning and the stock is up more than 33 percent since January 1 versus about 8.5 percent for the overall index....
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Is The Tech Rally Back? No — It Never Went Away
Tuesday, June 20, 2017 - 3:09pm | 430Heading into Monday's trading session, many investors were concerned that the rally in tech stocks had not only come to a sudden end, but a sell-off is underway. But after one of the best trading-day performances in month on Monday, some analysts are convinced the tech rally is back and here to...
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Notable Netflix Analyst Says Stock Could See Another 67% Gain
Friday, May 26, 2017 - 9:19am | 447Shares of Netflix, Inc. (NASDAQ: NFLX) have already gained 30 percent in 2017 alone, and the stock is higher by more than 75 percent over the past year. Naturally, this begs the question of whether Netflix's stock has peeked. According to Rob Sanderson of MKM Partners, the answer is a simple: not...
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The Stock Market Is Strange And This Stat Proves It
Saturday, March 18, 2017 - 10:07am | 422Here's an interesting fact about the state of the stock market, courtesy of CNBC's "Trading Nation." Going back to the time when the Dow Jones Industrial Average crossed the 10,000 mark for the first time ever, there were more trading sessions when the index rose or fell 100...
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Analyst: Not Too Late To Buy Defense Stocks
Friday, March 3, 2017 - 1:20pm | 375President Donald Trump called for a massive increase in military spending. While military defense names, such as Honeywell International Inc. (NYSE: HON) and Raytheon Company (NYSE: RTN), have already had impressive gains over the past year, many investors are wondering if they missed the boat....
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Looking To Buy Shares Of Macy's Or Kohl's? Listen To This Pro First
Thursday, January 12, 2017 - 2:25pm | 307Contrarian investors typically buy poor performing stocks that have become out of favor with investors. Case in point, shares of Macy's Inc (NYSE: M) hit a new 52-week low of $29.70 on Thursday and are now lower by more than 15 percent since the start of 2017 and more than 20 percent over the past...