Month: January 2020

During the last year, when I was feeling defensive on the market, I bought some Cisco Systems (NASDAQ:CSCO) stock. Source: Ken Wolter / Shutterstock.com Cisco, which has dominated the networking market for decades, has given me very little back. Including dividends, I’m up about 3%. Analysts have been watching this slow growth for years. While
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The shares of consumer packaged goods giant Procter & Gamble (NYSE:PG) dipped slightly recently after the company reported mixed second-quarter numbers. Its profits topped analysts’ average expectations, its gross margins expanded, and PG increased its full-year sales and profit guidance. But PG’s organic volume and sales growth slowed versus Q1, its expense/revenue ratio rose year-over-year,
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The latest strain of the coronavirus, a deadly respiratory illness believed to have originated in central China, has spread around that country, forcing Beijing to halt travel for more than 35 million Chinese citizens. Plaguing stocks Friday wasn’t just news of the virus’s spread in China, but reports of a second U.S. case, this time
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American Express reported fourth-quarter results that beat analyst expectations, sending the stock higher as card fee revenues grew more than expected. The shares rose 2% in premarket trading Friday. Here’s how the payments company’s results compared to what Wall Street analysts expected: Earnings: $2.03 per share vs $2.01 per share forecast by Refinitiv Revenue: $11.365
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According to a Jan. 17 SEC filing, UK investment management firm Baillie Gifford has increased its stake in Nio (NYSE:NIO), the up-and-coming Chinese electric vehicle manufacturer. It now owns 101.4 million American Depositary Shares or 13.1% of Nio stock. Source: xiaorui / Shutterstock.com At this time last year, Baillie Gifford owned 11% of NIO. Already
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Aurora Cannabis (ACB) could have troubled waters ahead in 2020. Once a darling to cannabis stock investors, Aurora is still the largest cannabis stock on Wall Street in terms of market cap. But the stock is hardly immune to the external pressures that have been weighing down on the cannabis sector at large. Primarily, supply
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The coronavirus remained front and center in the stock market today. However, despite a lower open across the board, equities fought hard to get back into positive territory ahead of Thursday’s closing bell. The SPDR S&P 500 ETF (NYSEARCA:SPY) climbed 0.14%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) slipped 9 basis points and the PowerShares
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Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
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U.S. equities are pulling back on Thursday as the worries over a global contagion out of China spreads. New cases have been reported in places like Scotland and the U.S. The worry is that officials will have no choice but to lock down travel to prevent the disease from spreading, which would dampen global growth.
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New lows in natural gas this week The market expected a withdrawal of 92 bcf from storage Natural gas looks set to test the 2016 low   In November 2019, the price of nearby NYMEX natural gas futures rose to a high of $2.905 per MMBtu. The market ran out of buying at the start
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