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Day Traders Diary

5/7/24

The major averages closed mixed after a couple strong days following encouraging economic data. The Dow Jones Industrial Average rose 31 points. The S&P 500 rose 6 points while the Nasdaq fell 16 points. The yield on the 10-year Treasury fell 3 basis points to 4.45% after a nice rally the... Read More

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Diamonds and Dogs

5/7/24

  Peloton (PTON) jumps on take over rumors. The exercise bike company that rode high during the pandemic has crashed back to earth over the last several years as people went back outside to work out. Today the stock jumped on private equity rumors to take it private which is... Read More

5/6/24

The chip stocks are performing well today. Micron (MU) is up 5% lifting the group on an upgrade at Robert W. Baird with a $150 price target with meaningful upside earnings and opportunities going forward. Nvidia and AMD are both up 2% or more. Apple (AAPL) is modestly lower... Read More

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