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Can Facebook, Apple and Google keep powering tech’s growth?

“Analysts are looking for Amazon to report revenue growth on average of about 40% in its first quarter when it reports Thursday” writes Therese Poletti for marketwatch.com. Investors have already seen examples of the typical earnings response to these types of companies early in this earnings season: Netflix Inc. If the largest tech companies fail, we could see an epic re-evaluation of their valuations that would be felt across the entire market.So far this year, many tech stocks have outperformed other broader market indexes.NFLX, -1.48%  , the first big tech…

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The stock market is freaking out up about the bond market—but should it be?

“Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about what these dynamics mean for U.S. economic growth entering its ninth year of expansion” reports marketwatch.com. Netflix Inc. on Monday detailed stunning growth for a tech company that has been around more than two decades, as its hefty spending on content and international expansion pays off in a big way. Source: marketwatch.com Share This:

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Markets News Oil Stocks 

Global oil supply surplus may soon become a shortage

“Oil prices have rallied so far this year, as OPEC-led efforts have helped erase a big global surplus, but the market may soon suffer from a new dilemma: a shortage of crude supplies that would support further price gains” writes Markets Commodities Reporter for marketwatch.com. For the past couple of months, the IEA has underestimated global demand, with its first-quarter 2018 estimate at 98.1 million barrels a day–which is likely about 0.3 million barrels a day short of true global demand, according to Parry.When OPEC reached an agreement in late…

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GOLDMAN SACHS: A steadfast source of stock market turmoil is poised to make a comeback

“Historical correlations with policy uncertainty may be a more useful guide,” he said, adding that defensive sectors tend to outperform when policy uncertainty rises, while tech and financials perform the worst” writes Akin Oyedele for businessinsider.com. And so, Kostin cautioned that investors shouldn’t rely on the small sample of sector returns around midterm election years.Goldman Sachs is now flagging another potential source of volatility on the horizon: the US midterm elections on November 6, when seats in the House of Representatives and Senate will be contested.Nearly halfway into 2018, it’s become…

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Pinnacle Foods stock rockets 10% as activist hedge fund sparks takeover talk

“Pinnacle Foods Inc. shares surged almost 10% Friday, after activist hedge fund Jana Partners LLC said it has amassed a 9.1% stake in the owner of the Birds Eye brand and urged management to consider selling the company” writes Ciara Linnane for marketwatch.com. JP Morgan analysts agreed that Conagra is a leading suitor for Pinnacle but that others might also consider a bid, including Kraft Heinz Co. Source: marketwatch.com Share This:

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Pivotal spikes in IPO before losing gains

“On Thursday Pivotal priced its stock at $15 per share in its initial public offering” writes Jordan Novet for cnbc.com. The company has raised $555 million in the process by selling 37 million shares ahead of its debut on the New York Stock Exchange on Friday.On April 9, the company said it expected to sell stock at $14 per share to $16 per share.Shares of enterprise software company Pivotal started trading on Friday, the first day on the public market for the IPO. The stock opened at $16.75 per share,…

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Pivotal goes public at $15 a share, CEO Rob Mee calls it “message of strength and independence”

“Dell is apparently still considering a reverse merger with VMware to once again become a public company, but the details of that transaction would be complex” writes Tom Krazit for geekwire.com. The company’s independence is not complete; Dell Technologies remains the controlling shareholder in the company, but Mee said chairman and CEO Michael Dell is content to let Pivotal operate as a standalone company.Mee thinks Kubernetes and serverless computing will remain important emerging technologies for its customers in 2018 and beyond.Pivotal broke free of the Dell Technologies conglomerate Friday morning,…

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Covanta’s green tech is a hit in Europe — is the U.S. next?

“Covanta operates 42 EfW facilities in North America, China and Europe, allowing it to generate revenue from multiple streams” writes Corporate News Editor for marketwatch.com. One possible reason for the relatively high correlation between Covanta’s stock and the energy sector is that Covanta’s largest subsidiary, which owns the EfW facilities, is called Covanta Energy Corp.If investor perceptions change, that could lead to a revaluation of Covanta’s stock and provide a boon for Covanta investors. Source: marketwatch.com Share This:

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Once-hot semi stocks just took a huge hit, and some see more pain

“Semiconductor stocks like Nvidia, Applied Materials and Micron were synonymous with stellar gains last year amid strong demand and the cryptocurrency frenzy” writes unknown author for cnbc.com. That’s just a really tough hurdle to overcome,” he said, citing less demand for Apple’s iPhone, which would theoretically threaten semi stocks’ performance. Source: cnbc.com Share This:

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One classic theory could be hinting at a short-term drop for stocks

“Todd Gordon of TradingAnalysis.com says one classic market trend could be pointing to a short-term drop for stocks” writes unknown author for cnbc.com. Gordon points to the Elliott Wave Theory, which posits that stocks and indexes generally travel in a successive series of five up and down moves.To determine how big that drop could be, Gordon brings up a second part of the Elliott Wave Theory.After connecting the highs and lows, Gordon says a SPY drop would fall to the lower line on the triangle to around $260. Source: cnbc.com Share…

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