Latest news with #BobLang
Yahoo
2 days ago
- Business
- Yahoo
CPI data: Fed rate cuts are 'back in the conversation'
Bob Lang, Explosive Options technical analyst, joins Catalysts with Madison Mills to explain how May's positive Consumer Price Index (CPI) report marks the third consecutive month of cooling inflation data, and how that factors into the Federal Reserve's decisions on rate cuts next week and all year. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Stock Market Today: A choppy stock day; a tweet on China; inflation cools; Nvidia, Tesla, Palantir
Stock Market Today: A choppy stock day; a tweet on China; inflation cools; Nvidia, Tesla, Palantir originally appeared on TheStreet. It's a bit of a choppy morning on Wall Street. Stocks opened lower after the president tweeted that China had "totally violated its agreement with us." Breadth was weak, too, with 80% of S&P 500 stocks on the decline. At the same time, the index is well off the day's lows. As the heat map shows, it's a mixed day. In the upper right corner is Costco () . The warehouse-club retailer's shares are higher following yesterday's earnings and revenue report, which beat expectations. Although the reaction was muted in after-hours trading, the shares are up 3% on strong volume. This shouldn't be a surprise to members of TheStreet Pro. Our Bob Lang wrote Tuesday that Costco shares were primed to hit new highs following the earnings report. Costco is also viewed positively within TheStreet Pro's Portfolio, and although we don't currently own it there, it's a stock we would like to buy on pullbacks. Another stock that's up is the data-analytics-software provider Palantir () . That's a stock favored by TheStreet Pro's Stephen "Sarge" Guilfoyle. It's trading just below all-time highs. The New York Times reports that "Trump Taps Palantir to Compile Data on Americans" as part of his March executive order requiring data sharing across government agencies. At the same time, Sarge reports that he's taken some profits in Palantir and other tech names. He still likes the stock, but is a trader at heart. You won't go broke taking a profit! The weekend is almost here! We're expected to have a lovely one in Colorado. I hope yours will be similarly wonderful. I wasn't planning to start the day with a tweet, but let's do it. This has prompted what was a fairly flat market to drop today. As I write this, S&P futures are down 33 points. The Nasdaq is lower by 130, and crude oil is now down 52 cents after being about 70 cents higher. Here's an overnight chart of the S&P 500. It's hard to tell now if we're in for a wild ride today or whether traders are having a level of fatigue and will watch before making further reactions. In the meantime, we just got today's big economic news. The PCE Index, short for Personal Consumption Expenditures Index, is a measure of inflation. The Bureau of Economic Analysis reports that April's PCE increased by $47.8 billion, or 0.2%, which was 2.1% higher than a year earlier but lower than the 2.3% expectation. In other words, inflation is cooling. The PCE is the Federal Reserve's preferred benchmark for prices as it determines interest-rate policy. Premarket most actives include Nvidia () , which had been down as much 1.4% but is now 0.4% lower. Jim Cramer attributes the dip to "meme money," which, to be honest, is driving so much of our markets these days. And hey, while we're at it, let's talk Tesla () . Well, Elon Musk, actually. Today is expected to be the billionaire's last day in office as his official time with Doge comes to an end. Expect a news conference later this afternoon from the Oval Office with Musk and President Trump. However, the New York Times reports today that Musk used heavy amounts of drugs while on the campaign trail last fall with Trump. In fact, the paper reports, his use of ketamine was so great that he suffered from bladder problems, a known effect of chronic use. As Musk integrates himself back into Tesla leadership, shareholders will likely question him on this and it could become an issue. Stock Market Today: A choppy stock day; a tweet on China; inflation cools; Nvidia, Tesla, Palantir first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Investing around market complacency even as volatility falls off
While market volatility (^VIX) draws down from April highs, Explosive Options Technical Analyst Bob Lang comes on Market Domination Overtime to comment on the shift in investor sentiment even as stocks (^DJI, ^IXIC, ^GSPC) rallied this week on the headlines of US-China trade talks. Lang weighs in on how to invest around market complacency. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
CNBC
29-04-2025
- Business
- CNBC
Market Navigator: Eyeing Meta for trade opportunities ahead of earnings
Bob Lang, Explosive Options founder, joins 'Power Lunch' to discuss what he's eyeing for Meta ahead of earnings.
Yahoo
29-04-2025
- Business
- Yahoo
Markets: What the drop in JOLTS data means for recession fears
US stocks (^GSPC, ^IXIC, ^DJI) are holding up despite recession worries, even as US job openings continue to fall sharply. Bob Lang, founder and technical analyst at Explosive Options, explains what the drop in Job Openings and Labor Turnover Survey (JOLTS) data and Wall Street's reduced S&P 500 (^GSPC) forecasts may be indicating about the market. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Well, to discuss this and more I want to bring in Bob Lane. He is a leading technical expert as well as the founder and technical analyst at Explosive Options. He's gonna join me for the hour. Bob, it's great to have you on. Thank you for making the time to stick with us for the hour this morning. I know that you look at the technicals, but it's interesting when the economic data tells us something about the state of the consumer, especially when job openings are such a big concern. Right. To what extent are you seeing any recessionary fear playing out in the technicals right now? Really, I'm not seeing very much uh, here, Maddie, with the, with recessionary fears yet. And if you take a look at this JOLTS data, I looked at some history, um, you realize that the JOLTS data has shown that this number has fallen about 50% in the last three and a half years. You have to go back to the end of 2021 when we were close to 12 million on the jolts. Now, we're at seven million. So, it's, it's a huge drop in, uh, in job openings, which kind of explains why the labor market has been so tight for such a long time. We still have, uh, four to 4.2% unemployment rate. We're going to get a new number coming up on Friday. And I think that that, uh, right there is going to tell you that the Fed is going to be more interested in watching more data related to inflation and not so much towards the, uh, towards the jobs number. Yeah. And I, I want to get your take to on HSBC cutting its annual price target for the S&P 500 this morning. Uh, below the 6,000 mark hitting. It, it was previously at 6,700. Now cutting its target to 5,600. That's in line with Bank of America's forecast. What are you seeing in the technicals that indicate whether or not we could hit as low as 5,600 for year end? Well, certainly, uh, just a few weeks ago, we had some, uh, a huge drop down to about 4,800 on the S&P 500. And, and that was a, a scary number that a lot of people were looking at, you know, are we going to hold that level? I think the Nasdaq had hit a level where, uh, it had technically been in bare market territory minus 20%. And for the S&P 500, uh, you know, that, that this level right now that we're at right now, um, is, uh, actually where many analysts are expect, for us to finish by the end of the year. So, so what do we have going here? I mean, basically is, is the market full value right now? And, and that's really what these analysts are telling you. Uh, what I think is interesting, Maddie, is that, uh, from the beginning of the year, everybody knew tariffs were going to be introduced at some point in time in 2025, when after the election was, uh, in November. Um, so these analysts still came out with some large price targets in the S&P 500, 64, 65, I even saw as high as 7,000 uh, for the S&P 500. So knowing the facts that we were going to have some tariffs and how the negative effect they're going to have on the economy, why did they have such a, a high price target? That's, uh, that's what I'm wondering. Right. I mean, that's a key question is what investors were missing heading into this administration. Thanks, Bob. You're going to stick with us here.
