
Articles
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2 weeks ago |
cnbc.com | Alex Harring
GE Aerospace and Howmet Aerospace are vulnerable to pullbacks after entering deep overbought territory this week. Each stock climbed more than 3% this week, outperforming the S & P 500 's 1.5% gain in the same period. The stocks have come so far so fast that now GE Aerospace and Howmet have the two highest 14-day relative strength index, or RSI, readings in the S & P 500. CNBC Pro used its stock screener tool available for subscribers to find the most oversold stocks as measured by the 14-day RSI.
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3 weeks ago |
cnbc.com | Alex Harring
Ritholtz Wealth Management CEO Josh Brown said Tesla investors will look past the online feud between Elon Musk and President Donald Trump that led to a sell-off on Thursday. Musk, the CEO of Tesla and a key supporter of Trump during his election, exchanged barbs with the president online on Thursday — a shocking turn given their previous allegiance. Shares of the electric vehicle maker tumbled more than 14% on Thursday, but gained more than 5% in midday trading on Friday.
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3 weeks ago |
cnbc.com | Alex Harring
Tesla 's plunge following CEO Elon Musk 's online feud with President Donald Trump on Thursday was unnecessarily severe and offers investors a good entry point, according to Tom Lee, Fundstrat's head of research. Musk and Trump threw barbs at one another over the course of Thursday.
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3 weeks ago |
nbcchicago.com | Jenni Reid |Alex Harring
The 10-year Treasury yield added more than 8 basis points to 4.478%. The 2-year yield rose 10 basis points to 4.024%, while the 30-year bond yield advanced more than 5 basis points to sit at 4.94%. One basis point equals 0.01%. Yields and prices move inversely in the bond market. Nonfarm payrolls rose by 139,000 jobs in May, exceeding the consensus forecast of 125,000 from economists polled by Dow Jones, according to data released Friday morning. The unemployment rate held steady at 4.2%.
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3 weeks ago |
cnbc.com | Alex Harring
Despite a disappointing run so far this year, history shows Apple can regain momentum in the coming months. JPMorgan analyst Samik Chatterjee pointed to the stock's outperformance compared with the S & P 500 in all but one of the last seven years when looking at a timeframe beginning in June and ending in mid-September. That's because investors typically grow excited into new iPhone releases. On average over the past seven years, Apple shares have rallied 18% in this time period.
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