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☆ Amazon goes nuclear, to invest more than $500 million to develop small module reactors
▼ + stars: | 2024-10-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

Amazon Web Services is investing over $500 million in nuclear power, announcing three projects from Virginia to Washington State. Amazon is the latest large tech company to buy into nuclear power to fuel the growing demands from data centers. "Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace," said X-energy CEO J. Clay Sell. Last spring, AWS invested in a nuclear energy project with Talen Energy , signing an agreement to purchase nuclear power from the company's existing Susquehanna Steam Electric Station, a nuclear power station in Salem Township, Pennsylvania. AWS also purchased the adjacent, nuclear-powered data center campus from Talen for $650 million.

Persons: It's, there's, Matthew Garman, Bob Blue, Glenn Youngkin, Youngkin, Garman, Ken Griffin, Clay Sell Organizations: Amazon, Services, Washington State, AWS, Dominion Energy, Nuclear, Google, Kairos, Constellation Energy, Microsoft, Dominion, Gov, Energy, Fund, Citadel, Ares Management Corporation, NGP, University of Michigan, Talen Energy, Susquehanna Steam Electric Locations: Virginia, Washington, Dominion's, SMRs, U.S, Northern Virginia, Loudon County, Washington State, Northwest, Maryland, Salem Township , Pennsylvania, Talen

☆ Amazon invests in nuclear energy, hot on the heels of Google and Microsoft
▼ + stars: | 2024-10-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The first sites in Washington and Virginia would provide carbon-free energy to meet growing demand. Amazon's announcement follows recent investments in nuclear energy from Microsoft and Google amid the AI boom. Advertisement"We need smart solutions that can help us meet growing energy demands while also addressing climate change," Amazon's vice president of global data centers, Kevin Miller, said in a statement. The first sites in Washington and Virginia would provide carbon-free energy to meet growing demand through partnerships with Energy Northwest and Dominion Energy, respectively. Constellation Energy has struck a deal to provide Microsoft with nuclear power by reopening the Three Mile Island plant.

Persons: —, Ken Griffin, Kevin Miller, – Organizations: Microsoft, Google, Service, Tech, Amazon, AWS, Citadel, Ares Management Corporation, NGP, University of Michigan, Energy Northwest, Dominion Energy, E, Constellation Energy, Susquehanna, Electric, IEEE Spectrum, Dow Locations: Washington, Virginia, Pennsylvania, New Jersey , Ohio, Texas

☆ What the charts say about whether the S&P 500 can continue higher into year-end
▼ + stars: | 2024-10-16 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

The S & P 500 continues to make new highs, and volatility continues to decline. First, the S & P 500 has logged just two absolute 1% moves since Sept. 19, which is nearly a month's worth of trading. In fact, 114 S & P 500 stocks made new 52-week highs on Tuesday, which was the first time we've had over 100 since 7/16/24. With the day's opening and close both being higher and lower than the prior session's, this created a bearish engulfing pattern. The bottom line is that the S & P 500 and dozens of its holdings have built up substantial cushions by strongly coming back from the August lows.

Persons: we've Organizations: CNBC, NBC UNIVERSAL

☆ Rally in Chinese stocks is showing some exhaustion. How to trade it from here with options
▼ + stars: | 2024-10-15 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, stocks don't usually climb in a straight line, and many of these names are showing signs of exhaustion after a significant rally. This time, I'm introducing a new indicator for my trade setup: the MACD (Moving Average Convergence Divergence). In the case of BABA, the blue line (the MACD line) is crossing below the yellow line (the signal line). The trade To capitalize on a pullback in BABA, I'm using a trade structure called a "bear put spread." For example, if BABA is trading at $102, I would buy a $103 put (higher strike) and sell a $101 put (lower strike) to complete the trade setup.

Persons: I'm, it's, BABA, Nishant Pant Organizations: PDD Holdings, Baidu, Futu Holdings, CNBC, NBC UNIVERSAL Locations: BABA

☆ There's more upside ahead for this AI derivative play, according to the charts
▼ + stars: | 2024-10-15 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The AI trade is powering ahead as the markets are seeing a rotation back into the semiconductor, hardware and software companies that are driving the revolution. One industrial company on my radar — that I don't yet have a position in — is Vertiv (VRT) . The company provides liquid cooling systems for data centers powering AI. I know it's a wide zone, but consider the percentage gain this stock has experienced in the past 2 years. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: —

☆ An options trade on a Boeing supplier that could get dragged down by its customer's woes
▼ + stars: | 2024-10-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Howmet also produces parts used in gas turbines (power generation) and precision castings, fasteners, and other components for automotive applications. Over the past few years, Howmet has grown revenues, net income, and free cash flow considerably faster than the economy's overall growth. About 5.7% of Howmet's revenue comes from Boeing , which is greater than 4.6% of its revenues from Airbus. However, some of the company's revenues are derived indirectly from jet engine manufacturers General Electric, 12% of revenues, and Rolls-Royce, which represents 5.34%. Over the past five years, Howmet shares have appreciated by 370%, outperforming the S & P by more than 260% and the industrials index by about 280%.

Persons: Howmet Organizations: Howmet Aerospace, Aerospace, Boeing, Airbus, Electric, Royce, CNBC, NBC UNIVERSAL

☆ Katie Stockton says it's too early to buy the dip in Boeing, stick with aerospace winners
▼ + stars: | 2024-10-14 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Lockheed Martin, Katie Stockton Organizations: Boeing, Aerospace, Defense, U.S . Aerospace, Defense ETF, ITA, GE Aerospace, Lockheed, RTX Corp, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S, uptrends

☆ Trump's crypto coin goes on sale with Election Day just three weeks out
▼ + stars: | 2024-10-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.

Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah

☆ 24-year-old made over $162,000 from her YouTube channel in 2 years—why she decided to get a corporate job anyway
▼ + stars: | 2024-10-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Sharon Kim credits her social media earnings for giving her the ability to purchase a $750,000 home with her brother shortly after graduating from Parsons School of Design in 2023. She started her YouTube channel in 2018 when she was in high school. Although she earned around $162,000 from the channel over the course of 2022 and 2023, Kim ultimately decided to pursue a corporate career as a UX designer for one key reason: stability. Kim currently earns around $94,000 as a UX designer in New York City and maintains her YouTube channel on the side. "Something content creation gives me that corporate can't is a sense of autonomy," Kim says.

Persons: Sharon Kim, Kim Organizations: Parsons School of Design, CNBC, YouTube, Parsons Locations: New York City

☆ How to trade falling Tesla shares from here with lower risk using options
▼ + stars: | 2024-10-11 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The movement in the patience-to-impatience investor pendulum for Elon Musk (and Tesla) has fully swung to impatience. I believe this initial negative reaction (down nearly 10%) is presenting a discount in Tesla (TSLA) shares and I want to use options to create short-term income while I wait for a short-term bounce. Tesla plans to introduce full self-driving (FSD) capabilities in California and Texas as early as Q1 2025, pending regulatory approvals. The trade Tesla is a stock that has become more intensely emotional as Musk is in the news daily. I want to capture the emotion in today's tape by utilizing a Risk Reversal options strategy which takes the premium I am collecting from the put option I am selling to finance and buy the call option.

Persons: Tesla's, Elon Musk, Tesla Organizations: Optimus, The, CNBC, NBC UNIVERSAL Locations: California, Texas

☆ IBM shares are the most stretched in 20 years so it may be time to sell, says Carter Worth
▼ + stars: | 2024-10-11 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +1 min

IBM is up twice as much as the market the past 12 months (and, per chance, twice as much as the S & P 500 Technology Sector and the NASDAQ 100 Index). And those engaged in the business of short selling, IBM is judged to be a good candidate. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Carter Braxton Worth Organizations: Business Machines, IBM, Technology, NASDAQ, –, CNBC, NBC UNIVERSAL

Comcast CEO Brian Roberts chose Shell to replace Steve Burke as NBCUniversal CEO in 2019. Soon, Shell, 59, will be at the helm of Paramount and paired with Ellison, who has already expressed his desire to transition Paramount into a more modern media company. The 10 p.m. hourAt Paramount, Shell will be given an asset mix similar to what he oversaw at NBCUniversal — save the theme parks. Wolf's shows were also significant moneymakers for NBCUniversal, according to a person familiar with the matter. Some media analysts, such as LightShed Partners' Rich Greenfield, have argued Paramount Global should shut down Paramount+ and instead license Paramount content to other streamers with more scale.

Persons: Jeff Shell, Eric Gaillard, NBCUniversal, David Ellison, Ellison, Comcast's NBCUniversal, Shell, Brian Roberts, Steve Burke, RedBird, Andrew Brandon, Gordon, Shell's, —, Skydance, NBC —, CNBC's David Faber, George Cheeks, Hollywood creatives, Dick Wolf, Kevin Dietsch, Stephen Colbert, it's, we've, Pluto, Rich Greenfield, Shell's playbook, We've, Peacock, Roberts, Andrew Wilson, Brian L, Eric Charbonneau, Wall, Mark Hoffman, Shepard Smith, Hoffman Organizations: NBCUniversal, Cannes Lions International, Creativity, Reuters, Paramount Global, Skydance Media, Shell, CNBC, Paramount, Fox, Comcast, NBCU International, Universal, Entertainment Group, RedBird Capital Partners, NFL, CBS, Paramount Pictures, NBC, Local, Journal, FBI, Hollywood, TV, Allen & Company Sun Valley, Getty, LightShed Partners, Warner Bros ., Viacom, WarnerMedia, Netflix, EA, Entertainment, Comcast Corporation, Universal Pictures, Invision, Bravo, MSNBC, MTV, VH1, Comedy Central, Fox News, NBC Sports, NBA, CBS Sports, Big Ten, UEFA Champions League Locations: Cannes, France, Shell, NBCUniversal, Sun Valley , Idaho, Toronto

☆ Charts indicating Alphabet may be bottoming here even with government break-up overhang
▼ + stars: | 2024-10-10 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Let's dig into what this pattern represents, and what key price level investors should be watching for in the days to come. This week's sell-off could result in the formation of the right shoulder, completing the set-up of this bullish price pattern. Further price support could emerge at the 61.8% retracement level using the March to September rally as a framework for the analysis. Note how this neckline lines up almost perfectly with the 38.2% Fibonacci retracement level using the framework described above. Other Magnificent 7 stocks Interestingly enough, Alphabet is not the only Magnificent 7 name testing its 200-day moving average this week.

Persons: GOOGL, David Keller Organizations: Inc, Microsoft Corp, CMT, CNBC, NBC UNIVERSAL

☆ Using options to generate income from a boring stock
▼ + stars: | 2024-10-10 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Options traders like to say that there are strategies that can profit if a stock rises, falls, or goes nowhere at all. Crown Holdings (CCK) , which reports earnings next week, may have the set-up we're looking for. Demand for sustainable and recyclable packaging drives growth in the beverage can market, a significant segment for Crown Holdings. In the street's view, Crown Holdings is a reasonable business at a reasonable valuation (19 price-earnings ratio). This involves purchasing the lower implied volatility, longer-dated options, and selling nearer-dated options to capitalize on accelerated decay ("theta").

Organizations: Crown Holdings, Ball Corporation, YTD, Holdings, CNBC, NBC UNIVERSAL

☆ This software ETF is breaking out from a multi-year range, according to the charts
▼ + stars: | 2024-10-09 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Of the 175 key ETFs that we track, just one made a new all-time high on Tuesday – the iShares Expanded Tech-Software Sector ETF (IGV) . IGV, thus, was the first major technology ETF to hit new highs after a very turbulent past few months. Before Tuesday, IGV's last all-time high happened way back in November 21 (nearly three years ago), when the ETF hit an intra-day high of $89.76. For some context, while the SPDR Technology ETF (XLK) hit a low on the same day in November 202222, its snapback unfolded much more quickly. XLK hit a new all-time high way back in July 2023 and has kept going.

Persons: IGV's, XLK, IGV, it's, Frank Cappelleri Organizations: Software Sector, Technology, RSI, CNBC, NBC UNIVERSAL

☆ There may be a trade opportunity in this e-commerce stock. How to play it with options
▼ + stars: | 2024-10-09 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

With a surprisingly strong labor market, consumer spending has remained resilient and e-commerce stocks like Shopify (SHOP) present attractive opportunities. This price action indicates strength and suggests that the stock has found a strong base from which it can continue higher. With the stock now trading above its breakout level and positive momentum continuing to build, the chart supports further upside. The trade: To express a bullish outlook on Shopify, I'm suggesting selling the Nov 22, $82/74 Put Vertical @ $3.10 Credit. This structure entails: Selling the Nov 22 $82 Put @ $5.85 Buying the Nov 22 $74 Put @ $2.75 View this link in OptionsPlay with updated pricing.

Persons: Shopify, Shopify's Organizations: Forward, CNBC, NBC UNIVERSAL

☆ This restaurant stock could be in for more tough times. How to trade it
▼ + stars: | 2024-10-08 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

I am going to explore an interesting trade set-up using three exponential moving averages to identify a restaurant stock that will continue to trend downward. Looking at the one-year daily chart of Olive Garden-parent Darden Restaurants (DRI) , you'll notice the stock has faced resistance around the $175 level and is currently in a downtrend. I've highlighted several instances over the past year where the 10-day EMA crossed either above or below the 21-day EMA. The trade Building on this analysis, I'm considering a bearish strategy on DRI, using a trade structure known as a bear put spread. Adding 10 contracts to this trade risks $2500 to make $2500 and provides a robust ROI for the capital risked.

Persons: Nishant Pant Organizations: Darden, EMA, CNBC, NBC UNIVERSAL

☆ Chip stocks look poised to make another run, especially Broadcom, according to the charts
▼ + stars: | 2024-10-08 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The charts indicate it may be time to look at chip stocks once again. However, the major semi names like Nvidia (NVDA) , Broadcom (AVGO) and AMD (AMD) have not actually fallen significantly in this rotation. Before we get into the specifics of Broadcom, let's take a look at the rotation out of semis starting in early August. Broadcom's chart Broadcom is a key holding in both my dividend and growth portfolios at Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: swoon, we're, I've, you've, Todd Gordon, Gordon, AVGO Organizations: Semiconductor, Nvidia, Broadcom, AMD, CNBC Pro, let's, I've, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Republicans are challenging all aspects of mail-in voting in battleground states
▼ + stars: | 2024-10-08 | by ( Casey Gannon | Paula Reid | ) edition.cnn.com time to read: +7 min

Key swing states like North Carolina, Pennsylvania, Nevada and Michigan are still experiencing a high volume of mail-in and absentee voting. That has prompted multiple lawsuits in battleground states where Republicans are suing to challenge everything from whether mail-in ballot envelopes are properly sealed to whether they are postmarked correctly. After his 2020 loss, he has railed against mail-in voting, saying this summer it “isn’t working, it’s corrupt.” But he also emphasizes that every vote matters, including early voting and absentee ballots. The Republican National Committee and Republican Party of Pennsylvania filed a lawsuit to the state’s Supreme Court, seeking to end the mail-in ballot “notice-and-cure” procedures. Mail-in ballots wait to be processed on a table at the Wake County Board of Elections in Raleigh, North Carolina.

Persons: it’s, Donald Trump, ” Trump, Kamala Harris, “, ” Paul Cox, there’s, Keith Weatherly, Greg Flynn, Joe Biden, Harris, Trump, Cox, Cisco Aguilar, Jocelyn Benson, Benson, ”, Pete Hoekstra, CNN’s Marshall Cohen Organizations: CNN, Trump, North Carolina State Board, Republican Party, Wake, Wake County, Republican National Committee, Republican Party of Pennsylvania, RNC, Cisco, Democratic, CNN Michigan Michigan, Republican, Michigan Republican Party Locations: North Carolina , Pennsylvania, Nevada, Michigan, Erie , Pennsylvania, Carolina, North Carolina, Wake County , North Carolina, Wake County, Raleigh , North Carolina, Pennsylvania, Nevada In Nevada

☆ How to hedge the overall market with several critical events just around the corner
▼ + stars: | 2024-10-07 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

The upcoming month is a crucial time for the stock market, with a series of events that will make an impact. A quick peek at the history of S & P earnings reveals a couple of things. Note that the chart below depicts S & P earnings on a logarithmic scale —S & P earnings have grown by more than ninefold since January 1991. Over the past two years, S & P earnings have grown from ~$196 "per share" to about $204, an increase of 4%, but the S & P 500 Index has risen by more than 60% over the same period. Why not purchase a downside SPDR S & P 500 ETF Trust put spread if these cause a pullback?

Persons: Low, we'll Organizations: U.S, Trust, CNBC, NBC UNIVERSAL Locations: U.S

☆ Charts indicate a near-term rally in energy stocks will continue. How to play it
▼ + stars: | 2024-10-07 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: XOM, Katie Stockton Organizations: XLE, Exxon Mobil, bbl, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ How to trade the jump in oil and energy stocks using options
▼ + stars: | 2024-10-04 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Crude oil is nearly $10 higher since October officially kicked off. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities. However, I believe that would not be the main driver to push crude higher short-term, in would be the fearful reaction of this war spreading outside the Middle East region. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: Traders, CNBC, NBC UNIVERSAL Locations: Israel, East, XLE

☆ It's time to sell utility stocks, which are overbought and expensive, according to Carter Worth
▼ + stars: | 2024-10-04 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

From time to time in markets, a single area or theme in the market gets "so embraced", "so believed in", "so relied on" that the theme in question becomes "overbought"... "expensive"... "full". Such is the case with the S & P 500 Utilities sector, by our work. The chart below of the Utilities Select Sector SPDR ETF (XLU) since the 2009 Financial Crisis low, tells the tale. At present, XLU is as "overbought" and "expensive" as at any time since the 2009 low. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com .

Persons: Carter Braxton Worth Organizations: Utilities, —, CNBC, NBC UNIVERSAL

☆ How immigration reform will supercharge the labor market, reduce national debt by over $600 billion in the next 2 decades: Research Affiliates CIO
▼ + stars: | 2024-10-04 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Research Affiliates CIO Chris Brightman believes immigration reform is needed to boost the economy. One proposed policy is projected to energize the labor market and liquidate $0.6 trillion in debt. But to one chief investment officer, immigration policy isn't a matter of political debate — it's an economic nonnegotiable. A declining population brings with it a declining labor force. Immigration policy solutionsBrightman sees the need for more friendly immigration policies such as providing permanent residency to immigrants who graduate from US universities.

Persons: Chris Brightman, —, Brightman, they're Organizations: Research, Service, Social Security, Medicare, Immigrants, Penn Wharton Budget, Immigration Locations: Japan, Korea, Taiwan, Canada, New Zealand, Australia, outlays

☆ Nike stock chart is showing signs of a bottom and a turnaround ahead
▼ + stars: | 2024-10-03 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.

Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL

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