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Monthly Archives: September 2018

Apple trims losses on report products to be spared from China tariffs

Elijah Nouvelage | Reuters Apple Chief Executive Officer Tim Cook speaks at the Apple Worldwide Developer conference (WWDC) in San Jose, California, June 4, 2018. Apple shares trimmed some losses Monday after a report from Bloomberg that the Apple Watch and AirPods will be spared from the latest round of …

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Trump advisor Larry Kudlow doubts new tax cuts will pass before midterms

Adam Jeffery | CNBC Larry Kudlow, Director of the National Economic Council, speaking at the New York Economic Club in New York on Sept. 17th, 2018. White House economic advisor Larry Kudlow doubts Republicans can push another round of tax cuts through Congress before November’s midterm elections. On Monday, the …

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Pot stocks jump on news that Coke and Aurora plan to brew weed drink

Jason Franson | Bloomberg | Getty Images An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018.  Marijuana stocks soared Monday after a report yet another beverage giant is looking to get into the industry — and this time …

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Florence to boost home improvement sales – including Lowe’s: Jefferies

Randall Hill | Reuters Workers prepare a house with storm shutters ahead of the arrival of Hurricane Florence in Ocean Isle Beach, North Carolina, September 12, 2018.  Home improvement sales will rise due to increasing sales in the areas affected by storm Florence, according to Jefferies. One-time hurricane Florence weakened …

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Three options strategies for the week: Sep 17

The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan recommends a put spread in the Financials ETF Mike Khouw and Carter Worth recommends a call spread in FedEx Mike Khouw recommends a call spread in Netflix Trader disclosure: Dan Nathan is long XLF …

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Two top brokerages cut Micron target by 25% ahead of earnings

Wall Street darling Micron drew two big price target cuts Monday morning, with both BMO Capital Markets and Deutsche Bank slashing forecasts and sending shares tumbling in early trading. Shares of the chipmaker fell 1.7 percent after both Deutsche’s Sidney Ho and BMO’s Ambrish Srivastava highlighted softness in the company’s …

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Musk says Tesla is now in ‘delivery logistics hell’

Patrick T. Fallon | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. Tesla’s Chief Executive Officer Elon Musk acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays, the latest speed bump in its efforts to achieve profitability. “Sorry, …

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Twitter costs will climb with regulatory oversight, says MoffettNathanson

Twitter’s ability to keep costs low despite fierce competition and heightened regulatory scrutiny will not last, according to MoffettNathanson, which reiterated its sell rating Monday. For the first two quarters of 2018, Twitter has reported operating expense growth at an impressive 0 percent and 3 percent, respectively, analyst Michael Nathanson …

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DowDuPont names CEO Ed Breen executive chairman of its specialty products spinoff

Jeff Fusco | Getty Images A DuPont sign is shown at the company’s world headquarters in Wilmington, Delaware. DowDuPont said on Monday Chief Executive Officer Edward Breen will take over as the executive chairman of its specialty-products unit, after the chemicals major separates into three different units. Dow and Dupont, …

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Amazon should split its retail and cloud computing businesses: Citi

Ivan Alvarado | Reuters The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018.  Citi Research believes Amazon should split itself up to reduce the risk of regulation and increase shareholder value. …

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