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InvestorPlace’s Vince Martin recently commented that Alibaba Group (NYSE:BABA) has returned to its rangebound ways, an indication that owning Alibaba stock might not be the best idea in the immediate future.  Source: BigTunaOnline / Shutterstock.com   “Investors who have long waited for Alibaba stock to finally rally again might hope that history will repeat. The
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Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
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Nio (NYSE:NIO) stock climbed more than 11% after the “Tesla (NASDAQ:TSLA) of China” reported strong third-quarter earnings on Oct. 8. Investors were especially pleased to learn that the company’s vehicle delivery increased by 35% from the second quarter. Source: Carrie Fereday / Shutterstock.com This news came at just the right time for Nio stock, since
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Stocks dipped Friday, but closed well off session lows. The dollar slumped to its lowest levels in three months despite weak data out of China, the world’s second-largest economy. China said its third-quarter GDP grew by 6%, but economists were forecasting a slightly higher uptick of 6.1%. Source: rafapress / Shutterstock.com On the back of
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What it means is that the Chinese silver market will have more input into the world price of silver. And, the world will get a better view of silver demand in Asia. The Shanghai gold price benchmark has now been around since 2016, and no one discounts the effect of Asian sentiment on the gold
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Morgan Stanley equity strategist Michael Wilson suggested Oct. 14 that the mini-trade deal with China announced by Donald Trump the previous week is not going to help stocks reverse their course and move higher despite the two-day rally on the news.  “The bottom line is that without a significant roll-back of existing tariffs, we don’t
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Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
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Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
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Jefferies Financial (NYSE:JEF) analyst Owen Bennett downgraded Canopy Growth (NYSE:CGC) on Oct. 11 from a “buy” rating to “underperform,” while also cutting the target price from C$77 to C$25, a major blow to one of Canada’s leading cannabis companies.  The analyst based his downgrade on a trio of factors: weak margins and a lack of
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Today, global stocks, including the major U.S. equity benchmarks, were assisted to the upside on news that the U.K. has finally reached a Brexit agreement. And talks of a trade war between China and the U.S. were not the star attraction on the Dow Jones today. Source: Venturelli Luca / Shutterstock.com As has been par
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Whatever it is, here are the latest predictions from big institutions. Not exactly recently, but Citigroup went on record in early September saying they expect gold to hit 2000 USD/troy oz in the next 2 years. HSBC said yesterday they’re looking for 1605 by the end of 2020. Standard Chartered is looking for 1570 by the end of next
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Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
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As the third-quarter earnings season continues, stocks to buy keep marching higher, helped by solid results, hopes surrounding a draft Brexit deal, and good economic data. Ten of 11 S&P 500 sector groups are trading higher and the Dow Jones Industrial Average is challenging the 27,000 level once again. A number of familiar but troubled
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Following the news has been quite an endeavor for investors of large-capitalization publicly traded companies. Early last week, President Trump blacklisted several Chinese organizations, sending the broader indices downward. Later, a promising truce between U.S. and Chinese negotiators surprisingly emerged, boosting the markets. However, the roller-coaster ride probably has many folks thinking about lesser known
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After a strong earnings-driven rally yesterday, U.S. equity benchmarks gave back some of those gains Wednesday following some slack retail sales data. Source: Venturelli Luca / Shutterstock.com Retail sales dipped 0.30% in September, disappointing analysts that had been forecasting a 0.30% increase. In better news, the Commerce Department revised the August figure to a gain
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