Category Archives: New York Stock Exchange
Intel has agreed to buy Israeli technology firm Mobileye for $14-$15 billion according to a report in Israeli financial newspaper TheMarker, sending MBLY shares soaring over 30% higher premarket. An official announcement of the acquisition, the largest ever for an Israeli high-tech company, is expected later on Monday, TheMarker reported on its website. Mobileye, which […]
"Fear of missing out" is quickly becoming the go to phrase for what's left of America's stock market investors. As The Wall Street Journal reports, investors have poured money into stocks through mutual funds and exchange-traded funds in 2017, with global equity funds posting record net inflows in the week ended March 1 based on […]
For the latest glimpse of the euphoria in the equity market, look no further than the Snap(chat) IPO, whose order book closes at noon today and is expected to price tomorrow, March 1, after the close. While the initial price range was presented as $14-16, according to Bloomberg orders for the public offering are concentrating […]
Via Dana Lyons' Tumblr, The number of unchanged issues on the NYSE has spiked, often a sign of complacency among investors. While the price structure and breadth in the stock market remain solid and supportive of higher prices, one area of concern that we have been noting is investor sentiment. Specifically, it is too complacent […]
Via Dana Lyons' Tumblr, Despite the major averages’ continued drift near all-time highs, volume moving into advancing stocks has been historically light. About a month ago, we noted some technical evidence that the Trump Rally Was Starting To Thin Out. The evidence was a string of Nasdaq 100 52-week highs occurring on negative breadth on the […]
Via Dana Lyons' Tumblr, One of the few indices yet to break out, the NYSE Composite is threatening its all-time highs. One of the characteristics of the “Trump Rally” has been its breadth of participation. Sure, there have been a few sectors that have lagged badly. However, from a market cap standpoint, most indices, from micro-caps […]
NYSE Arca has identified a technical issue that will require a temporary suspension of trading at 10:50 ET. Trading is expected to resume at 11:05 ET. All orders on NYSE Arca will be cancelled.