Blog

Russ Cohen

Will Nike Stock Keep Rebounding as Its Q1 Results Approach?

Nike NKE will take the spotlight next week, with the iconic apparel leader set to report results for its fiscal first quarter on Tuesday, September 30. Feeling the high inflationary aftermath that has led to a more cost-conscious consumer, Nike stock has lost considerable mojo in recent years, like other prominent apparel retailers such as Lululemon ...

Russ Cohen

Why Qualcomm Stock Tumbled on Thursday

Key Points Sturdy semiconductor company Qualcomm (NASDAQ: QCOM) was looking a touch shaky on the stock exchange on Thursday. After something of a rally coinciding with its annual Snapdragon Summit, it fell by more than 2%. Contributing factors included profit-taking, concerns about newly announced chips, and an analyst recommendation downgrade. The summit concludes The summit ...

Russ Cohen

Interesting AMD Put And Call Options For November 7th

Investors in Advanced Micro Devices Inc (Symbol: AMD) saw new options become available today, for the November 7th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AMD options chain for the new November 7th contracts and identified one put and one call contract of particular interest. The put contract ...

Russ Cohen

Quantum Artificial Intelligence (AI) Could Be the Next $10 Trillion Industry — 2 Stocks to Own Now

Key Points Quantum computing is expected to add trillions in economic value over the coming decades as the technology becomes commercialized. Nvidia’s hardware and software stack is well positioned to power the next generation of quantum workloads. Alphabet offers a comprehensive suite of tools to help accelerate adoption of its own quantum-based services. 10 stocks ...

Russ Cohen

Is Carnival the Best Cruise Stock to Buy Right Now?

Carnival Corporation CCL will give the latest glimpse into how cruise operators are faring with its third-quarter results approaching on Monday, September 29. Despite lingering concerns about its debt load, Carnival’s turnaround story has been captivating as strong demand is allowing the company to avoid heavy discounting, boosting revenue and profit margins. As the world’s largest ...

Russ Cohen

ProShares UltraPro QQQ Experiences Big Outflow

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (Symbol: TQQQ) where we have detected an approximate $80.9 million dollar outflow — that’s a 0.4% decrease week over week (from 353,250,000 to 351,900,000). Among the largest underlying components of TQQQ, in ...