07-28-2016, 09:59 PM
So, to take full advantage of that positive shift in momentum, we're turning to the charts for a technical look at five stocks that are teetering on the edge of breakout territory this week. In case you're unfamiliar with technical analysis, here's the executive summary: technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution. Without further ado, here's a rundown of five technical setups that are showing solid upside potential right now.
These 5 Stocks Are Breaking Out This Summer - TheStreet
Apple Inc. released its highly-anticipated quarterly results after the bell yesterday, and analysts and investors seem to like what they see. The company reported fiscal third-quarter revenue that beat expectations, and while iPhone unit sales fell 15 percent from a year earlier, that exceeded the average estimate on Wall Street. Shares are trading about 7 percent higher in the pre-market, showing signs of making a bigger move higher following a tough few months.
Here's What Wall Street Is Saying About Apple's Earnings Report - Bloomberg
“People are worried about technology,” said Shiller. “It’s all of these amazing devices that are out there helping us—they’re great—but the benefits of them seem to go substantially toward a minority of wealthy people.” As a result, Shiller says advances in technology have led to “rising inequality.” The subject of whether or not technology is helping or hurting the economy is hotly debated. And here’s why it’s ironic. While there’s little doubt that technology has helped drive economic growth in the US and worldwide, some say the progression of technology has made many jobs obsolete.
Robert Shiller identifies the surprising source of the world’s problems today
Gordon argues that the digital revolution that began in the 1970s and was largely incorporated into the American economy by the 1990s only affected a small section of the economy, namely the world of entertainment and communication. Gates disagrees, writing: The digital revolution affects the very mechanism of the marketplace. How buyers and sellers find each other, how we amass information, how we can create models to simulate things before building them, how scientists collaborate across continents, how we learn new things—all of this has changed dramatically thanks to digital innovation. And Gates believes that these changes will help power some pretty amazing technological advances that will help create economic growth and improve the human race in years to come. Here are the three that Gates mentioned in discussing Gordon’s book
Bill Gates on Robert Gordon: 3 Amazing Tech Advances
A Zappos employee recently had a customer-service call that lasted 10 hours, 43 minutes, breaking an internal record at the Amazon-owned online retailer. On June 11, in Zappos' Las Vegas headquarters, Steven Weinstein answered a call from a customer who needed some help with an order of a few items. The two began to chat, and even after she was helped, she stayed on the line.
A Zappos employee had the company's longest customer-service call at 10 hours, 43 minutes