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Monthly Archives: November 2017

Cramer’s charts unveil 5 ways you should diversify away from tech

From a technical perspective, Cramer and Moreno both agreed that the daily chart of Abbott Laboratories was “a beautiful picture.” “In fact, Moreno says it’s a picture-perfect uptrend, [with the] stock steadily rising above its 50-day moving average,” Cramer added. Even though shares have recently been trading sideways, Moreno noticed …

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Denver to build ‘hyperloop-inspired’ high-speed transport system

John Gurzinski | AFP | Getty Images Hyperloop One Co-Founder & former Chief Technology Officer Brogan BamBrogan speaks during the first test of the propulsion system at the Hyperloop One Test and Safety site on May 11, 2016 in Las Vegas, Nevada. It’s not a Hyperloop, but it promises to …

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Elliott Management increases stake in Apple supplier

Simon Dawson | Bloomberg | Getty Images Microprocessors on a circuit board displayed at the Mobile World Congress in Barcelona, Spain, March 2, 2015. Paul Singer’s Elliott Management is adding to its bet on one Apple supplier. The activist hedge fund bought 4.06 million shares of NXP Semiconductor in the …

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Tesla class action lawsuit alleges racism, unsafe factory conditions

Peter Parks | AFP | Getty Images Elon Musk, founder of SpaceX speaks at the 68th International Astronautical Congress 2017 in Adelaide on September 29, 2017. Shares of Tesla closed down 2.1 percent on Tuesday afternoon following news of a civil rights lawsuit against the automakers. The proposed class-action suit …

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Trouble brewing in the charts for Goldman Sachs stock: Trader

Goldman Sachs has lagged the broader market this year, and Todd Gordon of TradingAnalysis.com says the charts are giving off warning signs of an even bigger drop ahead. Shares of the big bank have fallen nearly 1 percent in 2017, significantly underperforming the S&P 500, Dow and XLF financial ETF, …

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Bank of America Merrill Lynch survey

One of the top three worries for investors right now is a crash in global bond markets. When asked what poses the biggest “tail risk,” or worry for the financial market, 22 percent of global investors considered the biggest risk to be a sharp drop in bonds, according to Bank …

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AMA opposes any weakening of Obamacare’s minimum health benefits

Getty Images Ulysses Hernandez (L), an insurance agent from Sunshine Life and Health Advisors, speaks with Yuricel Duran as she shops for insurance under the Affordable Care Act at a store setup in the Mall of Americas on November 1, 2017 in Miami, Florida. The nation’s largest physicians’ group voted …

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6 influential people in billionaire investor Warren Buffett’s life

Mark Peterson | Getty Images Warren Buffett, CEO of Berkshire Hathaway, attends the company’s annual shareholders’ meeting with his daughter (left) and his wife, both named Susan. In “Becoming Warren Buffett,” the business mogul said that in his life, there have been two turning points: “One when I came out …

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Roku downgraded by Oppenheimer after parabolic surge

Brendan McDermid | Reuters People pass by a video sign display with the logo for Roku Inc, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, U.S., September 28, 2017. Investors should take profits after Roku shares more than doubled in three days, …

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GE’s massive dividend cut may not be so bad for the stock long term

GE shares broke below $18 for the first time since December 2011 on Tuesday, as the stock’s electric slide continued for the second-straight session. The ailing behemoth saw its shares slide as much as 7 percent on Monday, for its worst trading day since 2009, following a dividend cut and …

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