Stocks continued their one-step-forward, one-step-back action today, as the Dow Jones Industrial Average has dropped more than 100 points this afternoon.
Spencer Platt/Getty Images
The S&P 500 has fallen 0.6% to 2,134.92 at 2:16 p.m. today, while the Dow Jones Industrial Average has dropped 107.24 points, or 0.6%, to 18,105.24. The Nasdaq Composite has declined 0.3% to 5,233.14.
Gluskin Sheff’s David Rosenberg notes that the “we are finishing the week with a slightly more bearish tone” and he doesn’t sound all that positive himself:
…the S&P 500 closed yesterday at 2,152 on May 21st, 2015, it closed at 2,130 so the story is sixteen months of practically nothing in terms of price appreciation.
In other words, the slope of the line in this seven-year-plus bull market has flattened; assuming the bull market is intact at all. And whether you are bullish or bearish, here is the reality: we are into a more volatile environment after an unusually long phase of market calm (as in coming off 43 straight sessions with the S&P 500 moving by less than 1% daily in either direction to now enduring seven of the past eight trading days with swings of at least 1%. Summer vacation is over)…
intraday trading: Alphabet Inc.(GOOGL)
- [By Arie Goren]
Recently, both suppliers of graphics processing units (GPUs) NVIDIA Corporation (NSDQ:NVDA)and Advanced Micro Devices, Inc. (NSDQ:AMD)have signed new collaborations with leading cloud companies to supply their GPUs to accelerate artificial intelligence in the enterprise. NVIDIA has announced a collaboration with tech giants Microsoft Corporation (NSDQ:MSFT)and International Business Machines (NYSE:IBM), while AMD received orders from Alphabet (NSDQ:GOOGL)to supply GPUs for Google cloud platform. Investors might wonder which one of the two companies NVIDIA or AMD is going to win the GPU race to become the primary supplier for artificial intelligence uses. While right now Nvidia dominates the GPU application in AI, in my opinion, there is enough room for both companies to grow in this marker significantly. Therefore, as I see it, to take advantage of the fast-growing deep learning and artificial intelligence market, it is better to invest in shares of both companies.
- [By Shanthi Rexaline]
What is holding the markets down could be a mixed batch of earnings reports from some high profile companies such as Chevron Corporation (NYSE: CVX), Exxon Mobil Corporation (NYSE: XOM) Google’s parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Amazon.com, Inc. (NASDAQ: AMZN).
- [By Danny Vena]
IBM isn’t the only player in this emerging field. While many big tech companies use varying degrees of artificial intelligence to help provide security for their cloud-computing operations, some are taking it to another level. In a research paper, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) division Google revealed that two neural networks had learned to build their own form of encryption, while a third was unable to crack that code. This is significant because they weren’t taught about encryption or given any examples of encrypted and decrypted messages. Two neural networks were instructed to send communications to each other, and keep that information secret from the third. This is likely an early development toward a dynamic system that learns to protect itself. In its conclusion, the paper states: “Finally, neural networks may be useful not only for cryptographic protections but also for attacks.”
intraday trading: LeMaitre Vascular, Inc.(LMAT)
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
- [By Lisa Levin]
In trading on Thursday, healthcare shares rose by just 0.6 percent. Meanwhile, top losers in the sector included LeMaitre Vascular Inc (NASDAQ: LMAT), down 5 percent, and pSivida Corp. (NASDAQ: PSDV), down 3 percent.
intraday trading: Bank of the Ozarks(OZRK)
- [By Lisa Levin]
Bank Of The Ozarks Inc (NASDAQ: OZRK) reported better-than-expected earnings for its second quarter on Monday.
Bank of the Ozarks disclosed net income of $54.5 million for the second quarter compared to $44.8 million representing an increase of 21.7 percent. On a per share basis, earnings grew 17.6 percent to $0.60 from $0.51 in the year-ago quarter. This was higher by a penny from the Street analysts' expectations.
intraday trading: Attunity Ltd.(ATTU)
- [By Jim Robertson]
On Wednesday, ourUnder the Radar Moversnewsletter suggested small cap Big Data stock Attunity Ltd (NASDAQ: ATTU) as a short trade:
“Attunity has also been on the watchlist for a while. It’s a straight-up momentum play Well, straight down momentum play. We’re just getting on board the train after a brief lull in the downtrend. This one isn’t going to be a monster-sized winner, but it’s a high-odds, low-risk trade.”