Month: November 2019

While most tech stocks have been booming in 2019, Cisco Systems (NASDAQ:CSCO) has remained calm. A grinding rise to the high-$50 range was followed by sharp disappointment over earnings in August. The shares opened Nov. 6 at about $47.81. That’s just 11% over where it started the year after last December’s tech wreck. And that’s
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U.S. equities are sliding lower this week as China pours some cold water on all those trade deal hopes, implying it is in no hurry to rush into a bad deal. The chatter is that Beijing wants a meaningful rollback in recent tariff increases; not merely a halt to new tariffs. As a result, the
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U.S. stock futures are inching higher after an extremely quiet session on Tuesday. The pause allowed equities to digest the recent gains, which have propelled the market to record levels. Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.1206%, and S&P 500 futures are higher by 0.11%. Nasdaq-100
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Vertical Research Partners is the first firm to begin covering Virgin Galactic, initiating the space tourism venture’s stock with a “buy” rating and saying its risk “is misunderstood.” “We think the technical risk to SPCE’s human spaceflight program is less draconian than the stock appears to be pricing in,” analyst Darryl Genovesi said in a
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The Match Group OkCupid dating application is shown on an Apple iPhone. Gaia Squarci | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Match Group tanked 16% after the company topped third-quarter earnings expectations and matched revenue estimates at $541 million, though reported disappointing fourth-quarter revenue guidance. The parent
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The major U.S. equity benchmarks probed new highs again Tuesday, but after few days of solid upside, there was a listless feel to the action today, broadly speaking. Source: Venturelli Luca / Shutterstock.com On the trade front, China remains insistent that President Trump backed away from tariffs if the two sides are to reach a
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It’s easy to draw any darn lines you want on a chart.  Here, for example, is an article featuring – right at the top – a chart for gold with lots of lines drawn. If you look at what the actual price is doing, you’ll notice it’s fading off at the end of the chart,
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Some Robinhood users have been manipulating the stock-trading app to trade with what they’re calling “infinite leverage.” The cheat code was being shared on social media site Reddit, with one trader claiming he took a $1,000,000 position in stock using only a $4,000 deposit. Through Robinhood Gold, the start-up’s subscription service, users can borrow money
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It was an ugly October for shares of Canadian cannabis producer HEXO (NYSE:HEXO). Early in the month, the company announced preliminary fourth quarter fiscal 2019 numbers that fell short of expectations. At that time, management also withdrew its full-year fiscal 2020 revenue guide amid mounting cannabis market challenges and uncertainties. Source: Shutterstock Later in the
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U.S. stock futures are pointing toward a higher open as optimism continues buoying stocks to record highs. The lack of negative headlines surrounding the U.S.-China trade war is boosting morale, but so too are the Federal Reserve’s recent rate cut and seasonal patterns that support equities into the holiday season. Source: Shutterstock Against this backdrop,
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