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Bank of America has found the perfect recession play — death

Investors worried about a potential recession can seek shelter in a morbid sector of the market: death companies. Bank of America analyst Joanna Gajuk noted that pre-need service companies, which make funeral arrangements before the person dies, only saw a “slight pullback” in business during the last recession as “75% …

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A Morgan Stanley reading on the economy collapses by the most ever

A worker builds a Ford Expedition SUV as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky. Getty Images A reading of the economy from Morgan Stanley is signaling “June gloom.” Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell …

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Tanker attacks reignite oil fear premium, prices could spike to $80

Oil prices have been crushed by worries about weaker demand and a slowing global economy, but the market could begin to price in greater geopolitical risks if there are more attacks like the one on two oil tankers in the Gulf of Oman Thursday. But even as analysts say oil …

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IPOs are one of the hottest trades of the year so far, doubling the market’s return

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images The IPO market keeps getting hotter, but …

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Beyond Meat is rocking despite negative analyst moves this week, surging 17%

Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images Beyond Meat’s stock is proving resilient to negativity on Wall Street. Shares of the alternative meat company soared more than 17% …

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Trade wars and regulatory threats challenge tech leadership as the market flirts with a new high

When the bull market has its last hoorah, most likely technology and internet stocks will be at the top of the hill, leading the charge. But before that, analysts have diverging views on how much and which names investors should hold in a group of stocks that are dogged by …

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This stock market comeback doesn’t quite make sense, investors say

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Of all the problems that have been haunting the market since early May — nonexistent China trade deal negotiations, an inverted yield curve, a slowing economy, Mexico tariffs — only one …

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Wells Fargo is reportedly struggling to find a new CEO

A flag waves outside of a Wells Fargo bank branch October 3, 2008 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Wells Fargo is struggling to fill its open chief executive officer role, the Wall Street Journal reported Tuesday. Two of the bank’s top candidates …

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Stock market closing in on all-time high. Here’s what could clinch it

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), December 27, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images The next big test for the stock market will be whether the major indexes …

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Fed ‘insurance’ rate cuts while the economy is fine usually boost the stock market, history shows

A cyclist passes the Federal Reserve headquarters in Washington. Kevin Lamarque | Reuters When the central bank cuts interest rates as a preventative measure, U.S. equity markets have historically done very well. So-called “insurance ” rate cuts with a backdrop of strong growth — which happened in 1995 and 1998 …

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