Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.
Shares of streaming device maker Roku, Inc. (NASDAQ: ROKU) plunged over 23% Friday before settling at their lowest level in early-2019. Undeterred by the massive sell-off, Cathie Wood -run Ark Invest picked up large chunks of shares in the company.
Direxion Daily Select Large Caps & FANGs Bull 2X Shares (NYSE: FNGG) popped almost 5% after the market opened Friday, but a move higher was hampered by the general market, which may be in need of consolidation because the S&P 500 has soared 5% over the last three trading days.
On Thursday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Friday. From the replies Benzinga selected one ticker for technical analysis.
The Nasdaq Composite gained by more than 100 points on Friday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Shares of Exxon Mobil Corp (NYSE: XOM) are trading higher today following a strong earnings report.
Exxon reported $17.9 billion in total earnings for the second quarter which is an increase from $5.480 billion reported in the first quarter.
U.S. stocks settled sharply higher for a second day, with the Dow Jones jumping more than 300 points on Thursday.
Data released Thursday showed a quarterly contraction in the US economy, which shrank an annualized 0.9% on quarter during the second quarter. The news increased speculation that the Fed might not continue with aggressive rate hikes.