Author Archives: Scalper1

Defense Stocks Get Boost As Middle East Tensions Rise

Defense stocks are advancing amid increased military spending due to rising tensions in the Middle East and other regions. IBD’s aerospace and defense industry group rose to No. 12 out of 197 as of Wednesday, up from No. 37 six weeks ago. The rise of the 55-stock group roughly coincides with Congress’ approval of a $1.1 trillion budget that included an increase in defense spending. Foreign governments are also increasing purchases of U.S. military

Apple Win Streak Cut Short By Big Market Reversal

Stocks’ big reversal lower Wednesday dashed hopes for Apple (AAPL) to pull out its biggest winning streak since September. If the stock had closed higher on Wednesday, that would’ve been its fourth straight gain. Apple hasn’t seen consecutive positive action like that in about four months. Shares rose as much as 1.2% in slightly above average volume Wednesday morning, but sold off with the general market, closing down 2.6% lower. Despite the

Why Shares of CyberArk Software (CYBR) are up over 20% Today

Shares of CyberArk Software Ltd. CYBR rocketed up over 20% today after rumors came about that Check Point Software Technologies CHKP has interest in acquiring the smaller cybersecurity firm. As of 1 45 PM ET shares of CyberArk were