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Robot-Run ETF Of Tesla Fame Cuts Amazon, Target Stakes And Bets On PayPal, Moderna And These Stocks
Monday, November 15, 2021 - 7:37am | 810The Qraft AI-Enhanced US Large Cap Momentum ETF (NYSE: AMOM), an exchange-traded fund driven by artificial intelligence, has acquired stakes in PayPal Holdings Inc. (NASDAQ: PYPL), Intel Corp. (NASDAQ: INTC) and Moderna Inc. (NASDAQ: MRNA), while entirely divesting its holdings in Amazon.com Inc. (...
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Endo International Piques Investor Interest After Raising Guidance
Monday, October 30, 2017 - 1:03pm | 312Shares of Endo International plc (NASDAQ: ENDP) traded as high as $6.94 Monday morning, but gave up some of the gains by the afternoon. The stock was still higher by more than 5 percent in reaction to the company's preliminary third-quarter results. Endo said on Monday it expects to report...
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Momentum Traders Dive Into Ocean Power Technologies
Monday, July 18, 2016 - 10:49am | 320For the second time in the past two months, Ocean Power Technologies Inc (NASDAQ: OPTT) is making huge, high-volume trading swings. After the company announced last week that it has developed a newer version of its PowerBuoy, shares spiked 61.4 percent on Thursday and another 75.2 percent on Friday...
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Match Group's Surge On Tuesday Was Probably Short Covering
Wednesday, June 15, 2016 - 9:41am | 264Shares of Match Group Inc (NASDAQ: MTCH), a provider of dating products that includes the Match, OkCupid, PlentyOfFish and Tinder brands, surged on Tuesday on heavy volume. Match Group's stock opened for trading on Tuesday at $14.07, hit an intra-day high of $16.09 and closed at $15.86. The...
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Facebook, Weibo Both Down As Momentum Stocks Fall With Twitter
Tuesday, April 28, 2015 - 4:13pm | 266Amid the early leak of the Twitter Inc (NYSE: TWTR) Q1 earnings report, several other momentum stocks fell. Facebook Inc (NASDAQ: FB) closed at $80.68 Tuesday, down 1.50 percent, while shares of Weibo Corp (ADR) (NASDAQ: WB) fell 3.48 percent to $16.66. Related Link: Twitter Q1 Earnings Live...
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Why Frank Zorrilla Won't Trade Apple Like A Momentum Stock
Wednesday, December 10, 2014 - 3:10pm | 434Frank Zorrilla says he trades everything. He’s the founder and chief investment officer of Zor Capital, and he recently joined Benzinga’s #PreMarket Prep to talk about why he won’t trade Apple Inc. (NASDAQ: AAPL) like a momentum stock. “You can have a value stock that...
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Options Traders Beware: Both Bulls And Bears Lack Conviction
Monday, September 22, 2014 - 9:35am | 629Last Week's Disappointed Bulls Friday September 19 was a major disappointment for the bulls. The day started out with such promise — continuing the week's rally — only to end seeing red. The small caps broke first and went down 1 percent, yet broader indices still tried to...
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Momentum Stocks Showing Weakness
Monday, September 15, 2014 - 5:33pm | 488Shares of most momentum stocks are underperforming the broader market in Monday’s session, as it seems traders may be taking profits and rotating capital into blue chip stocks. The weakness in these names may also be attributed to the upcoming Alibaba IPO on Friday, as investors may be...
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Momentum ETFs To Play New Highs
Thursday, September 11, 2014 - 9:26am | 652The S&P 500 is trading near an all-time high and the Nasdaq recently touched the highest level in 14 years. Stocks in all sectors are breaking out to new highs as the five-year-old bull market rages on. There is no surprise the ETFs that attempt to track momentum are outperforming. Using a...
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Markets Falling? Get Your Defense Ready
Monday, April 14, 2014 - 3:47pm | 886The stock market is getting whacked. The question now for many investors is, what to do about it. The first thing to do is to understand what's going on -- in part because simply saying the stock market is getting whacked doesn't tell the whole picture. So let's sketch that in and then decide...
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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Tesla Could Be Worth $9 (TSLA)
Thursday, August 8, 2013 - 3:57pm | 697Tesla Motors (NASDAQ: TSLA) shares have sold off of intraday highs heading into the close Thursday, but still traded sharply higher on the session. Shares rose over 14 percent to $153.30 per share after making a new all-time high of $158.88 following its second consecutive quarterly profit. However...