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Category Archives for Stocks

They Just Don’t Mix Well

In the third quarter, investors had no patience for earnings misses.In a note to clients published last Friday, Goldman Sachs’ equity strategy chief David Kostin affirmed a theme that had been burgeoning at the outset third quarter earnings season six weeks ago and which came to pass in spades as results rolled in — companies […]

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Gangbusters or Ghost Town

Tesla has been expanding its presence in Northern California beyond its Fremont Factory.We’re now learning that Tesla is getting a giant new building in Lathrop, according to local news reports.Ever since it took over the Fremont factory from Toyota and GM in 2010, Tesla has been expanding in the bay area with new facilities.A few […]

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And Then There Were Two

The Dow surged on Wednesday on the back of tech stocks after President Donald Trump vowed to work with Democrats after Republicans ceded control of the House in the wake of the midterm elections.The Dow Jones Industrial Average rose 545 points, or 2.13%. The S&P 500 rose 2.11%, while the Nasdaq Composite rose 2.64%.In a […]

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Cultivation Covered

Pot stocks have lost some of their buzz lately. Just look at the drops in companies like Tilray (NASDAQ: TLRY ) and Canopy Growth (NYSE: CGC ). TLRY stock is down more than 40% from mid-October highs, while CGC stock is down 33%.Now part of this dip has been due to the recent volatility in […]

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AMD Lands Epyc Deal

Advanced Micro Devices (AMD) and Amazon (AMZN) Web Services on Tuesday announced the availability of the first AMD Epyc processors on the Amazon Elastic Compute Cloud. AMD stock popped on the news.At its Next Horizon conference, AMD revealed that its Epyc processors would go in Amazon’s cloud computing data centers.”The availability of multiple AMD Epyc […]

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Nasdaq Hit Rock Bottom

Has the stock market hit rock bottom after a rough October?According to at least one technical analyst, the worst is indeed over for U.S. equity benchmarks after an October that chopped substantial year-to-date gains from the S&P 500 index and the Dow Jones Industrial Average and knocked the Nasdaq Composite Index into correction territory, usually described as […]

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Apple Softens

Apple shares sank as much as 4.5% Monday following a report that the tech giant has scaled back production orders for its new entry-level iPhone XR model.The company’s stock drop — pushing Apple’s market cap below $1 trillion — comes after shares closed down 6.6% last Friday, to $207.48 per share, as investors reacted to […]

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Bad Nights Sleep

Marriott International (MAR) reported a 0.4% decline in earnings for the third quarter as higher costs and expenses partially offset lower income taxes provision. The bottom line came in above analysts’ expectations while the top line missed consensus estimates. Following this, the stock inched down over 4% in the after-hours trading.Net income declined 0.4% to […]

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Yes, I’ll Take The Whipped Topping

Starbucks (SBUX), which exhibited weak sales in the US for last few quarters, posted consolidated net revenues of $6.3 billion, up 11% for the fourth quarter of fiscal 2018. The coffee giant announced results after markets closed on Thursday, Nov 1, posting a global comparable store sales rise of 3%.The stock, which closed at $58.63 […]

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Rally Towels Coming Out

A monster rally for the stock market is coming, Wells Fargo’s head of equity strategy, Chris Harvey, told CNBC on Thursday.He says the recent sell-off has unlocked value and created a “great opportunity.””People act as if this was a spectator sport, not a contact sport. We want people to pick up that value,” Harvey said […]

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