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Asian stocks pull further off two-month lows as Wall St. bounces

Asian stocks pull further off two-month lows as Wall St. bounces

TOKYO (Reuters) – Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street’s extended rebound from last week’s steep fall, but investors remained cautious ahead of U.S. inflation data later in the week. Reuters: Business News

February 13, 2018 | By | Reply More
These 5 Defense Contractors Stand Out In Stock Market Correction As Trump Signs Budget

These 5 Defense Contractors Stand Out In Stock Market Correction As Trump Signs Budget

Defense contractors hanging tough in the stock market correction are your stocks to watch this week. Boeing (BA), Lockheed Martin (LMT), Raytheon (RTN), Northrop Grumman (NOC) and L3 Technologies (LLL) have relative strength lines that are at or near highs. Our spotlight on military contractors comes as President Trump on Friday signed a two-year budget bill that will […]

February 12, 2018 | By | Reply More
Nike, Microsoft Lead 4 Dow Jones Stocks Holding Up In Market Correction

Nike, Microsoft Lead 4 Dow Jones Stocks Holding Up In Market Correction

A stock market correction kicked in last week, as the Dow Jones industrial average, S&P 500 index and Nasdaq composite suffered their worst weekly losses in two years. But Dow Jones stocks Nike (NKE), Microsoft (MSFT), Cisco Systems (CSCO) and JPMorgan Chase (JPM) reclaimed their 50-day moving averages on Friday as the S&P 500 index rebounded […]

February 11, 2018 | By | Reply More
United Tech Falls On New Geared Turbofan Problems; Rival GE Jumps

United Tech Falls On New Geared Turbofan Problems; Rival GE Jumps

United Technology (UTX) shares got clipped late Friday after reports emerged that Airbus (EADSY) is having new problems with the Pratt & Whitney engines made for its best-selling A320neo planes. X This marks the latest setback for United Tech’s Pratt & Whitney division and its Geared Turbofan (GTF) engines. The unit has been dogged by reports of […]

February 10, 2018 | By | Reply More
Nvidia Crushes Fourth-Quarter Sales, Earnings Targets, Guides Higher

Nvidia Crushes Fourth-Quarter Sales, Earnings Targets, Guides Higher

Graphics-chip maker Nvidia (NVDA) late Thursday smashed Wall Street’s estimates for its fiscal fourth quarter and guided higher for the current quarter, sending its stock up sharply in extended trading. Nvidia reported earnings per share of $ 1.78, up 80% year over year, on sales of $ 2.91 billion, up 34%, in the quarter ended Jan. 28. […]

February 8, 2018 | By | Reply More
Wall Street fades in choppy trade after week’s wild start

Wall Street fades in choppy trade after week’s wild start

NEW YORK (Reuters) – U.S. stocks ran out of steam on Wednesday after an early surge, in a sign that investors are still spooked by the market’s recent retreat and wary more fallout is to come. Reuters: Business News

February 7, 2018 | By | Reply More
Boeing’s Cash Flow Could Jump 35%; Lockheed Cash Boom Also Seen

Boeing’s Cash Flow Could Jump 35%; Lockheed Cash Boom Also Seen

Boeing (BA) and Lockheed Martin (LMT) were given big price-target hikes Monday due to an expected free cash flow boom. X Strong demand for commercial jets, expected future defense spending hikes, tax cuts, and international demand for U.S. military equipment factor into the sunny outlooks. Berenberg Bank maintained a buy position and raised the price target on […]

February 5, 2018 | By | Reply More
Vertex Pharma, Atlassian, This Apple Supplier Lead 6 Stocks That Just Undercut Buy Points

Vertex Pharma, Atlassian, This Apple Supplier Lead 6 Stocks That Just Undercut Buy Points

With the S&P 500 index, Nasdaq composite and Dow industrials suffering their worst weekly losses in two years, it’s not surprising that top-rated growth stocks retreated. Vertex Pharmaceuticals (VRTX), Apple (AAPL) supplier Qorvo (QRVO), Atlassian (TEAM), IPG Photonics (IPGP), Paylocity (PCTY) and Cypress Semiconductor (CY) all broke out recently, but in the past week or so […]

February 4, 2018 | By | Reply More
Apple Shares Flashed These 4 Sell Signals In Two Weeks

Apple Shares Flashed These 4 Sell Signals In Two Weeks

Apple (AAPL) plunged more than 6% last week, capped by Friday’s 4.3% tumble after the tech titan reported weaker-than-expected iPhone shipments and guided low on current-quarter revenue. Apple, a member of the S&P 500 index, Nasdaq composite and Dow Jones industrial average, is still above its 200-day moving average, barely. But the stock has now […]

February 3, 2018 | By | Reply More
Bitcoin slides as Facebook ad ban, India clampdown unnerve investors

Bitcoin slides as Facebook ad ban, India clampdown unnerve investors

LONDON (Reuters) – Bitcoin, the world’s largest cryptocurrency, skidded 11 percent on Thursday to its lowest since November, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors. Reuters: Business News

February 1, 2018 | By | Reply More