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October 18, 2021

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Dollar edges down as traders await U.S. jobs data

Reuters
An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany./File Photo Dollar index down 0.2% Sterling extends rebound from 9-month low NEW YORK, Oct 4 (Reuters) – The dollar slipped against a basket of currencies on Monday, pulling back......

With Best Buy a ‘top idea’ at Piper Sandler, two traders share their three favorite retailers

CNBC
CNBC – For more and to sign up click here Piper Sandler is betting big on Best Buy. Analysts at the firm called the stock “one of our top ideas,” saying its new membership program could be a game changer. The firm has an overweight rating and $150 target on......

Cryptocurrencies tumble after China’s latest crackdown. Here’s why traders see opportunity

CNBC
CNBC – For more and to sign up click here Bitcoin and other cryptocurrencies sold off Friday after China took a hard line against the space. The People’s Bank of China in a Q&A overnight called all crypto-related activities illegal — the latest in a regulatory crackdown that had previously......

Two beaten-down S&P 500 stocks could be due for a rebound, traders say

CNBC
CNBC – For more and to sign up click here The S&P 500 is still just 2% away from its record high despite the recent sell-off. But, the same can’t be said for some of the beaten-down stocks in the index. Penn National Gaming, Biogen, Gap, Western Digital, Take-Two Interactive......

Dollar sluggish as traders bide time before Fed meeting; kiwi jumps

Reuters
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo Market waiting for clues on taper timing from Fed New Zealand dollar buoyed by faster-than-expected GDP growth Norway’s crown at multi-month highs to......

Watch these key levels in Apple stock ahead of big launch event, two traders say

CNBC
CNBC – For more and to sign up click here Apple is expected to announce a slew of new products at its launch event Tuesday, chief among them the latest iPhone and Apple Watch models. But the stock appears to be in wait-and-see mode. Shares closed Monday slightly higher but......

Traders’ top two ideas for September as S&P 500 closes winning month

CNBC
CNBC – For more and to sign up click here The S&P 500 closed out another winning month. The benchmark index rose nearly 3% in August, its seventh straight month of gains and its best winning streak since early 2018. To kick off September, CNBC’s “Trading Nation” asked its traders......

Support.com shares soar another 50% as meme traders pile into the heavily shorted software company

CNBC
CNBC – For more and to sign up click here The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters Shares of Support.com extended their massive GameStop-style rally as Reddit-obsessed retail investors zoned......

Bitcoin at $50,000: Traders on how to play the space after cryptocurrency briefly reclaims marker

CNBC
CNBC – For more and to sign up click here Bitcoin fell back below $50,000 on Monday after reclaiming that threshold over the weekend. The cryptocurrency traded at roughly $49,400 by the afternoon session, still shy of its all-time high above $64,000 set in April. The space has seen a......

These taper-tolerant stocks should do well even if the Fed removes stimulus, traders say

CNBC
CNBC – For more and to sign up click here Stocks are coming off a losing week after fears the Federal Reserve could remove stimulus as soon as this year rattled investors. A big part of the S&P 500‘s moves back to record highs since its coronavirus pandemic low has......

Deere is about to report earnings, and two traders are split on where it heads next

CNBC
CNBC – For more and to sign up click here Agriculture giant Deere is about to report earnings. The company is scheduled to release quarterly results before the bell Friday, and investors are keen to find out whether its investments in robots and technology have paid off. Most recently, Deere......

Two unlucky stocks over the past month could be due for a rebound, traders say

CNBC
CNBC – For more and to sign up click here It’s Friday the 13th, and CNBC’s “Trading Nation” went looking for some of the unluckiest stocks on Wall Street. Not only have Las Vegas Sands, Global Payments, Micron, Amazon and Hess not broken to new highs even as the S&P......

Watch these two financials stocks as sector hits record highs, traders say

CNBC
CNBC – For more and to sign up click here Financials stocks broke out to records this week for the first time since early June. The S&P 500 sector rose more than 1% on Wednesday, lifting it to highs, in one of the best performances on Wall Street. It is......

Chinese stocks stretch comeback into day two, but traders warn it may not last

CNBC
CNBC – For more and to sign up click here Chinese stocks rallied again on Tuesday, stretching a comeback into another day. The FXI large-cap China ETF climbed 1%, adding to a 3% gain in just the past two sessions. Those names had been crushed after a regulatory crackdown out......

Etsy gets mixed analyst calls after plunging on earnings. Why two traders would steer clear

CNBC
CNBC – For more and to sign up click here Etsy’s stock has a difficult road ahead, according to two traders. Shares of the e-commerce company are down 11% since Wednesday afternoon’s earnings report, in which Etsy issued weaker-than-anticipated guidance that suggested online retail activity was slowing. Dueling analyst calls......

Apple, Microsoft or Alphabet: Traders on which is the best ever megacap

CNBC
CNBC – For more and to sign up click here The three largest S&P 500 companies by market cap — Apple, Microsoft and Alphabet — have led the markets higher this month. All have rallied more than 5% in July, at least doubling the gains for the benchmark index. Those......

Chinese tech stocks extend their losses. How two traders are approaching the sell-off

CNBC
CNBC – For more and to sign up click here It’s time to tread carefully in the China tech trade, two market analysts say. Chinese tech stocks continued their sell-off Tuesday as concerns around regulatory crackdowns lingered, pushing Hong Kong’s Hang Seng index down more than 8% since the start......

Watch these two casual dining stocks as group dips this month, traders say

CNBC
CNBC – For more and to sign up click here Casual dining stocks are trying to claw back from their lows this month. Big names in the group including Red Robin Gourmet Burgers, Bloomin’ Brands, Brinker International, Cheesecake Factory and Dine Brands Global sank in early Thursday trading after notching......

Watch these key levels for bitcoin next after its break below $30,000, traders say

CNBC
CNBC – For more and to sign up click here Bitcoin fell again on Tuesday, this time breaking below the critical $30,000 level. That price has been highlighted by institutional investors as a key level of support. Despite the market rebounding slightly on Tuesday, this move in bitcoin comes as......

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