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Monthly Archives: July 2019

History shows buy Netflix for a quick trade after it plunges like this

Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Sylvain Lefevre | Getty Images Netflix shares may be getting hammered on Thursday but research from Bespoke Investment Group shows that …

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Market needs deep rate cut to prevent earnings recession: James Bianco

Market researcher James Bianco believes Wall Street is teetering closer to an earnings recession. Unless the Federal Reserve intervenes with a bigger-than-expected 50 basis point cut, he’s worried that year-over-year earnings growth rates for the second and third quarters will go even lower. “The estimates for the third quarter are …

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Video shows Donald Trump partied in 1992 with Jeffrey Epstein

President Donald Trump sure looked like he was a fan of Jeffrey Epstein in 1992. A newly surfaced video reveals Trump happily partying in November of that year at his Mar-a-Lago estate in Florida with Epstein, a wealthy financier who since then has become both a registered sex offender and …

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The last time the S&P 500 looked like this, it had a wild rest of the year

Traders work on the floor of the New York Stock Exchange following news that the United Kingdom has voted to leave the European Union on June 24, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images The S&P 500’s performance so far this year has …

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Buying stocks when they are this expensive has led to low returns in the future

Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Stocks recently notched all-time highs and with the Federal Reserve likely cutting rates later this month, the rally could keep going. But buying stocks when they are this expensive has historically led to lower future …

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Hedge fund manager Kyle Bass bets the Fed will have to cut to zero

Kyle Bass at the 2015 WEF in Davos, Switzerland. David A. Grogan | CNBC Hedge fund manager Kyle Bass told the Financial Times that he believes that U.S. interest rates will plummet toward zero in 2020 as the country’s economy heads for recession and the Federal Reserve slashes borrowing costs …

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Nu Skin shares plunge 20% as China crackdown hits revenues

Nu Skin products Kim Kyung-Hoon | Reuters Shares of Nu Skin Enterprises, which distributes health and beauty products via direct selling, tanked on Wednesday after the company said China’s crackdown on health products is weighing on sales. The company’s stock fell more than 21% on Wednesday.  Nu Skin pre-announced disappointing …

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A ‘bear market checklist’ from Citi says one is nowhere close

Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters There are a number of warning signs to look for before a stock market downturn, but Citi Research said only a few are present now. The firm has compiled its own checklist …

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The market is nearing a milestone that could be more important than Dow 27,000, S&P 500 3000

Don’t gush over Dow 27,000. Never mind the S&P 500 summiting 3000. A more momentous milestone lies just ahead: If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market. Only three prior bull cycles have logged such a 100% gain from …

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China slowdown could prompt measures leading to high debt, analysts say

The construction of a housing and resort district in Liaocheng, China. Zhang Peng | LightRocket | Getty Images As China’s economic growth slows, some analysts say Beijing may return to some of its old policies — like building more infrastructure and easing property controls — and that could add to …

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