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Monthly Archives: July 2019

Hedge funds clinch best start since 2009 as equity bets pay off

Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Strong, widespread gains in June catapulted hedge funds to their best start to a calendar year in a decade as equity bets, trend-following and activist strategies paid off. …

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Bernstein’s Toni Sacconaghi worries about tech stocks, citing valuation

Damien Meyer | AFP | Getty Images Soaring values of technology companies have dominated the market’s bull run, but now they are getting way too expensive as the earnings picture continues to deteriorate, a top tech analyst warned. The tech sector is now trading at 21.4 times forward earnings, the …

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Verizon shares fall after Citi downgrades the stock, predicting lower wireless pricing ahead

A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Shares of Verizon fell on Monday following a downgrade from Citi citing potential lower wireless pricing in the future. Citi downgraded the stock to neutral from buy and …

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Three options strategies for the week: July 8, 2019

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw looked at a put spread in the Financials ETF. Carter Worth broke down a call spread risk reversal in Walgreens. Tim Seymour and Mike Khouw illustrated a call calendar in Delta. Trader disclosure: Tim …

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As Amazon turns 25, D.A. Davidson analyst lays out top lessons learned

Amazon turned 25 years old this week. In its quarter century of existence, it has created roughly a trillion dollars in shareholder value. Amazon dominates e-commerce, has the biggest cloud-computing infrastructure offering and leads the market for home assistants with its Alexa technology. Additionally, it has a burgeoning online ad …

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Broadcom looks to Symantec, Tibco, as chip business declines

Broadcom CEO Hock Tan announces the repatriation of his company headquarters to the United States from Singapore as U.S. President Donald Trump looks on during a ceremony in the Oval Office of the White House on November 2, 2017 in Washington, DC. Getty Images After the Trump administration blocked Broadcom’s …

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More women CEOs than usual are taking companies public in IPOs

Julie Wainwright (C), CEO of The RealReal Inc. takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019. Lucas Jackson | Reuters The boom in initial public offerings this year has also been a boon for women chief executive officers. In the first half …

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‘Stranger Things’ helps illustrate the flaws in Netflix’s strategy

A scene from Netflix’s “Stranger Things”. Source: Netflix From T-shirts and collectibles to pool floats and Burger King Whoppers, it’s hard to escape the massive advertising campaign for the upcoming third season of Netflix’s hit TV show “Stranger Things” due out on July 4. Retro Coca-Cola cans and Eggo waffle …

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Kamala Harris rises, Joe Biden falls in polls after Democratic debate

Sen. Kamala Harris (R) (D-CA) and former Vice President Joe Biden (L) speak as Sen. Bernie Sanders (I-VT) looks on during the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. Drew Angerer | Getty Images The first Democratic presidential debate appears to have …

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Wall Street analysts are crazy about these stocks and see big upside in the next 12 months

Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images With the S&P 500 up more than 19% already this year, investors are scrambling to find …

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