Month: October 2019

Apple CEO Tim Cook Spencer Platt | Getty Images Apple on Wednesday evening reported stronger-than-expected earnings for the fourth quarter and analysts mostly put out glowing reviews. Yet the stock is barely higher Thursday morning. That’s because of a report on Thursday revealed China is doubtful about reaching a comprehensive long-term trade deal with the
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Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019. Brendan McDermid | Reuters October is ending strong. Here’s what’s next. The market is closing out October from a position of considerable
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Check out the companies making headlines before the bell: Altria (MO) – The tobacco producer beat estimates by 4 cents with adjusted quarterly profit of $1.19 per share, 4 cents above estimates, with revenue also beating forecasts. Altria also took a $4.5 billion writedown on its investment in e-cigarette maker Juul, on the possibility of
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(credit Fidelity.com) Common logic says that when equities go up precious metals go down.  We did see silver (and gold) drop on the announcement.  But shortly thereafter the metals climbed off the floor and staged a strong comeback rally. Silver closed the New York day session higher than it opened, and looks to be continuing
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U.S. equities are treading water ahead of the Federal Reserve’s latest policy decision, with the Dow Jones Industrial Average holding near the 27,000 level. While most stocks are holding steady ahead of what is expected to be another interest rate cut, energy stocks are weakening here as West Texas Intermediate drops back below the $55-a-barrel
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(credit Fidelity.com) Gold has basically been going sideways for about 2 months now, trending sideways after a local high. There is some debate out there about what level traders should watch for gold.  Your friendly Gold Enthusiast likes to err slightly on the side of caution for several reasons.  First, keeping levels “tight” leads to
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Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory. Alwyn Scott | Reuters General Electric continues to burn cash at its aviation business, as the grounding of Boeing’s top-selling 737 Max caused GE to delay production of engines for the aircraft. This year, GE has logged significant working capital
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