Month: November 2018

The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday. Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index. When it drops
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Wall Street is convinced a ‘deal’ of sorts will be announced after President Donald Trump meets with Chinese President Xi Jinping Saturday night to discuss the trade war that is creating issues for both nations’ economies. But the potential outcome could be very different than the truce and ceasefire envisioned by many investors. A desirable
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It’s a good news/bad news situation. The good news is, video game retailer GameStop (NYSE:GME) topped its third-quarter estimates. The bad news is, disappointing fourth-quarter guidance sent GameStop stock careening following Thursday’s post-close report. As it turns out, gamers are still playing. They just don’t need the brick-and-mortar venue as much as they did in
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Investors are doing their best to get positioned ahead of this weekend’s G-20 Summit. While not typically the most important trading event in the world, this year’s meeting comes with U.S. and Chinese trade tensions relatively high, with hopes that a deal can be worked out. Although cautiously optimistic, we are seeing some downright big
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November’s sell-offs have pushed the popular FAANG stocks well below their average Wall Street price targets. Facebook, Apple, Amazon and Google parent company Alphabet are now at least 20 percent below analysts’ expectations, while Netflix is as much as 35 percent below its average target. Matt Maley, equity strategist at Miller Tabak, said FAANG’s recent
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