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Monthly Archives: July 2019

Con Ed, other utility stocks take a hit after power outages

The stocks of Consolidated Edison, Public Service Enterprise Group and DTE Energy, all hit by power outages, fell at the open Monday and were off lows in afternoon trading as more power was restored. About 13,300 Con Ed customers were still without power as of Monday afternoon, after more than …

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Oil prices no longer as dependent on Mideast tensions

An oil and gas drilling platform stands offshore near Dauphin Island, Alabama. Steve Nesius | Reuters Iran is ratcheting up tensions in the Gulf, with its seizure of a British-flagged tanker, yet oil prices have been relatively unaffected. With the surge in U.S. production and worries about weak global demand, …

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Disney’s stock ‘is just an annuity stream’

Following a record breaking opening weekend for “The Lion King,” CNBC’s Jim Cramer said the Disney’s stock is an insurance play for investors. “Disney is just an annuity stream,” Cramer said on “Squawk on the Street” on Monday. Disney’s stock has been on a tear this year, climbing nearly 30%, …

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Micron shares jump after Goldman upgrades the stock

Kai Pfaffenbach | Reuters Shares of chipmaker Micron rose Monday following an upgrade from Goldman Sachs, which says it’s more bullish on memory chip stocks. Shares jumped 2.7% in premarket trading after Goldman upgraded Micron to buy from neutral and raised its 12-month price target to $56 from $40. The new …

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Three options strategies for the week: July 22, 2019

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw illustrated a call calendar in Facebook. Dan Nathan broke down a put spread in Tesla.  Karen Finerman looked into a risk reversal in Foot Locker.  Disclosure Trader disclosure: Dan is Long EA July / Sept …

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Morgan Stanley on Apple: ‘Attractive setup into earnings’

Justin Sullivan | Getty Images Despite unusually negative sentiment on Wall Street, Apple is well-positioned heading into earnings, according to Morgan Stanley. The firm maintained its overweight rating on Apple’s stock and hiked its price target to $247 from $231, heading into the tech giant’s third-quarter earnings on July 30. …

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This record company wants $800 for their Woodstock 50th anniversary box set

On August 2, Rhino Records will release a massive box set for the 50th anniversary of Woodstock. Spread across 38 compact discs and 36 hours, “Woodstock – Back to the Garden: The Definitive 50th Anniversary Archive” features almost every note of music performed at the iconic 1969 festival. The screen-printed …

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Siemens CEO Joe Kaeser says Trump has become the ‘face of racism and exclusion’

CEO Joe Kaeser gestures during the annual results press conference on November 9, 2017 in Munich, Germany. TF-Images | TF-Images via Getty Images The CEO of German industrial giant Siemens sharply criticized President Donald Trump Saturday for a rally in North Carolina where Trump continued to attack progressive congresswomen after …

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Amazon’s updated suspension policy still has sellers worried

Amazon made sweeping changes to its terms of service for third-party sellers on Wednesday in an effort to address an issue that’s plagued the biggest piece of its e-commerce business. As part of a settlement it reached with German antitrust authorities over its marketplace policies, Amazon said it will now …

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If the Fed cuts rates, this is a must-own stock

CNBC’s Jim Cramer said Friday that the steel cycle is making a turn and Nucor will be the best way to play the market. In recent weeks, the big steelmaker twice increased the price of flat-rolled steel that summed up to $80 per ton, and that’s how the turn in …

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