Micron Technology Inc (NASDAQ:MU) stock is 4.7% higher to trade at $120.10 at last check, after the semiconductor company received an upgrade from Baird to "outperform" from "neutral." The brokerage firm cited meaningful upside opportunities, given MU's recent pullback.The equity took a breather from its April 4, record high of $130.54, but found support at the $105 level in late April. The 50-day moving average has been guiding shares higher as well, contributing to a 40.3% year-to-date lead. In the last 1 ...

Dow Inc (NYSE:DOW) stock was last seen down 1.4% at $56.45, after running into resistance at the $58 region as it attempted to recover from a pullback from its April 4, 52-week high of $60.69. This creates the perfect opportunity for traders to buy the dip on a stock that sports a 15.8% six-month lead, especially as it sits near a trendline with historically bullish implications. Specifically, Dow stock's recent dip placed it within striking distance of its 100-day moving average. According to Schaeffer's S ...

SPG stock settled lower in May lower in most of the past 10 yearsReal estate investment trust (REIT) Simon Property Group Inc (NYSE:SPG) has fallen since its March 21 two-year high of $157.82, last seen trading at $142.03. Support at the $140 level has mostly kept the stock afloat in 2024, but we'll see how it fares during a historically bearish month. Simon Property Group stock is second on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 worst S&P 500 Index (SPX) stocks in May in the last ...

The shares of CVS Health Corp (NYSE:CVS) are plummeting today, down 18% at $55.55 at last glance and earlier as low as $54.04. The company announced first-quarter earnings and revenue that missed estimates, and slashed its 2024 forecast due to higher medical costs. Gapping to four-year lows, CVS is on track for its worst daily percentage drop since 2009. CVS Stock was already on a downtrend headed into today, below all moving averages between the 20- and 320-day trendlines. Since the start of the year, the ...

Starbucks Corp (NASDAQ:SBUX) stock is down 14.7% to trade at $75.48 at last check, after the coffee chain announced a fiscal second-quarter earnings and revenue miss, and cut its 2024 profit and sales forecast. The company attributed the disappointing results to adverse weather in the U.S., economic volatility in the Middle East, and lower demand in China, but promised new drinks and deals to attract customers.In response, Deutsche Bank downgraded SBUX to "hold" from "buy," and lowered its price objective t ...

Nvidia stock finished the month of May higher in eight of the last 10 yearsNVIDIA Corp (NASDAQ:NVDA). The semiconductor company and Magnificent Seven member became one of the world's most valuable publicly traded companies thanks to its position as a leading artificial intelligence (AI) chipmaker. Below, we will further explore the security's chart performance, and why it may offer a solid investment opportunity over the next month.It's been a blockbuster year for. The semiconductor company andmember became ...

Tesla Inc (NASDAQ:TSLA) stock is 15% higher at $193.45 this afternoon. The shares of the electric vehicle (EV) manufacturer are getting a boost after China reportedly cleared the way for the company's Full Self-Driving (FSD) to roll out in the country. The Wall Street Journal first reported the news, in which people familiar with the matter said Musk's 24-hour visit to Beijing resulted in a tentative approval of the deployment of Tesla's FSD technology. In a separate report, Bloomberg revealed Tesla will us ...

Apple Inc (NASDAQ:AAPL) will step into the earnings confessional later this week, set to report first-quarter results after the market closes on Thursday, May 2. The Big Tech stock is in rally mode ahead of the event, last seen up 3% to trade at $174.32, thanks to an upgrade to "outperform" from "market perform" at Bernstein. Rumors are also flying that the tech giant resumed talks with OpenAI to introduce artificial intelligence (AI) technologies to some new iPhone features.The shares are pacing for their ...

The Nasdaq-100 (NDX) is heading toward its best week since early November. Helping the tech-specific index stick the landing today is a cool 10.5% pop from Alphabet Inc Class A (NASDAQ:GOOGL). The tech conglomerate was last seen trading at $172.17, and earlier hit a record high of $174.17, after parent company of Google reported a first-quarter earnings and revenue beat, announced a $70 billion stock buyback plan, and unveiled its first dividend. GOOGL has staged quite the bounce off its 200-day moving aver ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this BAC commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Financial giant Bank of America Corp (NYSE:BAC) stock suffered a sharp pullback to the 80-day moving average, but has quickly recaptured the 20- and 50-day trendlines. The equity also bottomed right at the ...