Category: Trucking News

QQQ Just Passed the $200 Level — Time to Short It

Invesco QQQ Trust (NASDAQ:QQQ), an ETF designed to track the large NASDAQ stocks, has rallied big time over the past month. QQQ is now up nearly 10% since making recent lows in early October. It also just traded above $200 for the first time ever.Source: Shutterstock Some of the recent moves higher may be justified given the recent Fed rate cut. The red hot rally, however, has come too far, too fast. Now that momentum has slowed, an overbought and overvalued QQQ is due for a pullback. * 7 Under-the-Radar Retail Stocks to Buy Now Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) account for roughly 40% of the overall QQQ. These Four Horseman of the NASDAQ have all reported earnings with decidedly mixed results. Apple had a solid, if not spectacular report. Microsoft beat on both the top and bottom line but guided lower. Amazon and Alphabet both had...

Today’s Pickup: BYD And Toyota Announce Joint BEV Venture

Chinese electric vehicle maker BYD and Toyota Motor Corp (NYSE: TM) have announced a new joint venture focused on researching and developing battery electric vehicles. Scheduled to launch in China in 2020, the venture will design and develop electric vehicles and platforms. The former are intended for the Chinese market, and will be designed to "be attractive to Chinese customers," according to a release....

Sell-Side Likes The Outlook For Activision Blizzard, Take-Two Interactive

Activision Blizzard, Inc. (NASDAQ: ATVI) and Take-Two Interactive Software (NASDAQ: TTWO) not only had strong September quarters, but look good heading into next year sell-side analysts said, suggesting company guidance on the near-future may be too conservative. Morgan Stanley's Brian Nowak kept an Overweight rating and $60 price target on Activision Blizzard. UBS analyst Eric Sheridan maintained a Buy rating and $56 price target on Activision Blizzard....