U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a court filing. Pharmacy chains, such as Rite Aid,…
In this video, Dave reveals four key charts he’s watching to determine whether the S&P 500 and Nasdaq 100 will be able to power through their 200-day moving averages en…
Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%
Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday. The…
Communication Services Drops to #5 The composition of the top five sectors remains largely stable this week, with only slight adjustments in positioning. Consumer staples continue to lead the pack,…
Temu halts shipping direct from China as de minimis tariff loophole is cut off
Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website…
The market does not always follow the same script or sequence, but bear markets typically end with a bottoming process marked by specific stages. These include capitulation, a short-term reversal-thrust,…
Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday. Bezos, who stepped down as CEO in 2021…
Netflix stock is trading at all-time high levels in unprecedented win streak
Netflix is on a winning streak. The streaming giant’s stock has traded for 11 straight days without a decline, the company’s longest positive run ever. Its previous record was a nine-day…
In the truncated week due to one trading holiday, the markets extended their gains and closed the week on a positive note. While remaining largely within a defined range, the…
With the major averages logging a strong up week across the board, and with the Nasdaq 100 finally retesting its 200-day moving average from below, it can feel like a…