Month: May 2019

U.S. equities are falling hard on Friday, continuing a week of losses, as a cavalcade of global macro factors weigh on sentiment. The big news was that President Donald Trump is threatening to enact tariffs against Mexico unless it curbs illegal immigration through the southern U.S. border. This caps long-running hints that Trump could close
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From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 114 billion cubic feet for the week ended May 24. The average forecast of analysts polled by S&P Global Platts had called for an increase of 95 billion cubic feet. Total stocks now stand at 1.867 trillion cubic
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Thanks to advances in technology and gene sequencing, gene therapy has gone from science fiction to science fact.  By either adding new genes to fight faulty ones, replacing/editing missing/broken prices or actually “turning off” the genes causing problems, gene therapy has the potential to change the game when it comes to biotech stocks and healthcare.
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Throughout many life circumstances, you’ll often hear the phrase “there are two sides to every story.” Usually, this is such an annoyingly accurate statement that you don’t need to repeat it. But in some situations, only one narrative is valid. I believe that’s the case for Bank of America (NYSE:BAC), particularly BAC stock. Source: Shutterstock
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From Myra P. Saefong: U.S. oil futures dropped Thursday to finish at their lowest in more than two months after U.S. government data showed a modest weekly decline in domestic crude stockpiles, along with an increase in crude production to a record. Still, “concerns about the global economy and trade war angst are the two biggest influences
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Up, up and away. U.S. equity bears are getting killed this year, while China is the place to be for short-sellers. Photo by BRYAN R. SMITH/AFP/Getty Images. This crazy stock market seems unstoppable. Larry Kudlow, the economic advisor to President Trump, was on his old network today talking about how he has come to terms
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Let’s start this article by stating that stocks under $10 aren’t necessarily cheap stocks. This is a common misconception. In the financial world, “cheap” is a valuation measure — a low price-to-earnings multiple, or low price-to-book ratio. Just because a stock is trading with a single-digit price tag, that doesn’t necessarily imply cheap. Profits could
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Uber (NASDAQ:UBER) will deliver its first earnings report as a public company after the market closes May 30, and investors are bracing for bad news. Source: Shutterstock The company is expecting to lose $2.39 per share, on revenue of $3.07 billion. This comes to $4 billion based on Uber’s 1.68 billion shares outstanding. In one
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