(Reuters) – Alibaba Group Holding Ltd’s blockbuster IPO has been followed by a steady slide in its stock price, which options market players do not expect to abate, with nearly a fifth of its shares to be released for trading on Wednesday. The Chinese e-commerce giant’s stock soared after it first went public in September,…
Stocks Pullback To Consolidate Recent Gain Stocks fell for a third consecutive week as the market pauses to consolidate the latest and very strong rally. As a quick refresher, the benchmark S&P 500 vaulted 7% from Feb’s low of 1980 to Feb’s high of 2119. Remember, in “normal” (non Easy Money) days, a 10% rally for the…
Kevin Riley, Benzinga Staff Writer Speaking to Benzinga, Sarhan Capital CEO Adam Sarhan discussed Lumber Liquidators Holdings Inc LL 10.42% ahead of its Thursday conference call. Sarhan said that Lumber Liquidators “is a broken stock” and that it was “extremely important for investors to remain cognizant of the fact that LL is in a bear market.”…
Shares of Apple Inc. (NASDAQ:AAPL) edged higher Monday after the tech giant kicked off its highly-anticipated “Spring Forward” event Monday, where Chief Executive Officer Tim Cook is expected to formally unveiled the price and final features of the company’s Apple Watch. Cook announced the company has reduced the price of Apple TV to $69 from…
Benzinga News Desk , Benzinga Staff Writer March 09, 2015 12:53pm Speaking to Benzinga, Sarhan Capital Founder and CEO Adam Sarhan said that Apple Inc. AAPL 1.1% investors need to see the “wow” factor out of the Apple Watch in Monday’s media event. “If they’re able to deliver the ‘wow’ factor, the stock is…
Stocks Pullback To Consolidate Recent Gain Stocks pulled back last week to consolidate the latest and very strong rally. The S&P 500 vaulted 7% from Feb’s low of 1980 to Feb’s high of 2119. Remember, in “normal” (non Easy Money) days, a 10% rally for the entire year was welcomed. So clearly 7% in under…
Published on Mar 2, 2015 All the major indices are in the green and approaching new all-time highs in 2015. Adam Sarhan, CEO of Sarhan Capital, tells TheStreet’s Jill Malandrino he is still a buyer in the market, even at these levels. Sarhan would buy on any dips as the Central Bank Put is alive…
Stocks Surge In February After all was said and done it was a very bullish month on Wall Street. The Dow Jones Industrial Average, the benchmark S&P 500, and the small-cap Russell 2000 all hit new record highs in February and the tech-heavy Nasdaq Composite galloped higher and is inching closer to its record high of 5132.52, hit…
BY CAROLINE VALETKEVITCH NEW YORK Thu Feb 26, 2015 3:00pm EST (Reuters) – The Dow and S&P 500 slipped in afternoon trading on Thursday as energy shares tumbled with oil prices, while the Nasdaq advanced after deal news in the technology sector. Energy shares led declines in the S&P 500 and Dow, with the S&P…