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Monthly Archives: December 2017

Why investors should beware stocks getting the bitcoin boost

A handful of stocks are enjoying a sort of halo effect from investors’ bitcoin mania — but market watchers are cautioning against getting into the names at current levels. Shares of Overstock.com have surged 118 percent in the last three months as the company announced it would enter into the …

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Apple up 43,000 percent since IPO, may surpass $1 trillion in market cap

Apple just celebrated a new milestone – 37 years since its IPO. Apple made its Wall Street debut on Dec. 12, 1980, at $22 per share, or 39 cents split adjusted, and since then the stock has gained more than 43,600 percent to trade near $172 on Tuesday. For reference, …

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‘I love Amazon’ more than Apple

Amazon’s stock is up big this year, but hedge fund legend Stanley Druckenmiller thinks the e-commerce giant’s shares have more room to run. “I love Amazon. This company, which everybody keeps quoting the multiple, is selling for less than three times sales. The S&P 500 is selling for over two …

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Republicans introduce bills to provide relief rom Obamacare taxes

Tom Williams | CQ Roll Call | Getty Images Rep. Kevin Brady, R-Texas, makes his way to a meeting in the Speaker’s office in the Capitol on December 6, 2017. A group of Republican members of the House of Representatives on Tuesday introduced several bills that they said will provide …

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Republican tax plan poised to benefit rental landlords

Drew Angerer | Getty Images A sign advertises an apartment for rent along a row of brownstone townhouses on June 24, 2016 in the Brooklyn borough of New York City. The tax plan could also add to some of the issues that are already making homeownership more difficult, namely lack …

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Companies are already paying a tax rate as low as 13%

U.S. companies on balance already are paying well below the 20 percent tax level targeted in the Republican reform plan, according to an analysis by Yardeni Research. In fact, the typical effective tax rate — the amount paid minus deductions — could be as low as 13 percent over the …

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Airline stocks are breaking out, and one name looks poised for new highs, analyst says

Airline stocks have been soaring, but Ari Wald of Oppenheimer says there’s one name investors should absolutely look to buy now. Spirit, Southwest, JetBlue, American and Delta have been on a tear over the last month, the stocks surging 21, 19, 15, 12 and 11 percent, respectively, in that time. …

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California’s Thomas fire grows to fifth largest in state history as celebrities evacuate

Gene Blevins | Reuters Fire fighters attack the Thomas Fire’s north flank with backfires as they continue to fight a massive wildfire north of Los Angeles, near Ojai , California, U.S., December 9, 2017. “Praying for the people in my area,” he said in a livestreamed Instagram video. “Hope everyone …

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Passport’s flagship fund to close after ‘unacceptable’ returns

Daniel Acker | Bloomberg | Getty Images John Burbank, founder and chief investment officer of Passport Management LLC. Another hedge fund has fallen prey to seemingly unbeatable markets. John Burbank’s Passport Capital is shuttering its flagship Passport Global Fund at the end of this year because of “unacceptable” returns over …

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Young people will drive bitcoin gains just as boomers boosted stocks

Wall Street strategist Tom Lee sees significant gains ahead for bitcoin because young investors are interested in it. “I think what viewers have to appreciate is, this is a millennial story,” Fundstrat’s Lee said Tuesday on CNBC’s “Squawk Box.” “The average millennial is 25 today. The boomers were 25 in …

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