This week marks the 30th anniversary of the Black Monday market crash of 1987, the single worst day in U.S. stock market history. With the S&P 500 trading at new all-time highs, it’s only natural for traders to draw comparisons between today’s market and the one in 1987.
Natural gas prices slumped to their lowest level in months Thursday, but Citi analyst Edward Morse believes liquid natural gas could be headed higher in the short term. In a new research note, Morse said LNG prices have already begin their seasonal march higher, rising to nearly $9/MMBtu. According to Morse, LNG price could grind to as…
The conflict between Spain and Catalonia secessionists reached a boiling point this week when Spain declared it will be invoking Article 55 of its constitution for the first time, allowing Madrid to take over direct rule of the autonomous region.
Harley Davidson Inc HOG 3.16% reported yet another mixed quarterTuesday, delivering earnings and revenue beats on lower-than-expected retail sales and an 8-percent decline in operating margin. The company reaffirmed its Q4 and full-year motorcycle shipment guidance, which the market took as a positive sign.
The financial crisis in 2008 and 2009 resulted in some of the scariest and most volatile days in the history of the U.S. stock market. Yet even with all the chaos of the banking crisis, there wasn’t a single day in 2008 or 2009 as bad as October 19, 1987.
Ocean Power Technologies Inc OPTT 0.85% stock has caught fire this week after the company was granted a patent for a wave energy converter buoy on Tuesday.
International Business Machines Corp. IBM 0.76% stock jumped more than 9 percent on Wednesday after the company reported a big third-quarter earnings beat. Several Wall Street analysts weighed in on IBM following the report.
Transenterix Inc TRXC 0.35% stock has exploded higher on incredible volume over the past two days after the company gained FDA clearance for its Senhance surgical robot. The clearance is certainly good fundamental news for the company, but the stock’s meteoric 200 percent two-day gain suggest a short squeeze may also be in play.
It’s been a long time since GoPro Inc GPRO 1.92% investors had reason for optimism. However, more than three years after its 2014 IPO and after a 90 percent decline from its all-time high, Longbow Research analyst Joe Wittine believes the bottom is finally in for GoPro.
Veritone Inc VERI 13.79% stock dipped another 7 percent on Tuesday and is now down more than 60 percent from its all-time high in less than a month. Veritone’s volatility has been incredible since a Barron’s article triggered a buying spree back in August, and traders are now trying to determine if the stock will find a bottom any…