Major Indexes Resume Assault at Record Highs

August 6, 2021 By: Todd Mitchell

The stock market shrugged off a choppy open to end higher on Tuesday as strong earnings and better-than-expected economic news helped sentiment.Eli Lilly (LLY), Bausch Health (BHC) and Under Armour (UAA) reported strong numbers while factory orders rose 1.5% in June versus forecasts for an increase of 1%.The Dow tested an intraday high of 35,120 before settling at 35,116 (+0.8%). Lower resistance...

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Federal Reserve announces new capital ratios for large banks following stress test

By: Todd Mitchell

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Tech Stays Strong on Market Weakness

August 5, 2021 By: Todd Mitchell

The stock market shrugged off a choppy open to end higher on Tuesday as strong earnings and better-than-expected economic news helped sentiment.Eli Lilly (LLY), Bausch Health (BHC) and Under Armour (UAA) reported strong numbers while factory orders rose 1.5% in June versus forecasts for an increase of 1%.The Dow tested an intraday high of 35,120 before settling at 35,116 (+0.8%). Lower resistance...

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Extreme Option Profits Chart of Day… Advanced Micro Devices (AMD)

By: Todd Mitchell

Shares of AMD are now at $113, and still show no signs of slowing.In its most recent quarter, the company posted Q2 revenues of $3.85 billion, which came in above expectations for $3.62 billion.  Cash on hand is up to $3.79 billion.“Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year-over-year,” said...

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Robinhood surges more than 24%, blows past $38 IPO price

August 4, 2021 By: Todd Mitchell

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Bulls Rebound on Upbeat Earnings

August 3, 2021 By: Todd Mitchell

The stock market shrugged off a choppy open to end higher on Tuesday as strong earnings and better-than-expected economic news helped sentiment.Eli Lilly (LLY), Bausch Health (BHC) and Under Armour (UAA) reported strong numbers while factory orders rose 1.5% in June versus forecasts for an increase of 1%.The Dow tested an intraday high of 35,120 before settling at 35,116 (+0.8%). Lower resistance...

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