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Apple gets second downgrade in a week as Wall Street fears iPhone demand is softening

“Cordwell reaffirmed his $190 price target for Apple shares, representing 6.5 percent upside to Friday’s close” writes Tae Kim for cnbc.com. Atlantic Equities lowered its rating for Apple shares to neutral from overweight on Monday, predicting weaker than expected sales for the company’s March quarter.Longbow Research on Wednesday lowered its rating for Apple shares to neutral from buy, predicting the company will ship fewer iPhones than expected in fiscal 2018.IPhone demand will disappoint this year, according to another Wall Street analyst. It has 28 buy ratings, 9 hold ratings and…

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Nikkei 225 closes higher by 1.00% at 23,951.81

“Another day, another big move in the equities market” reports forexlive.com. Asian stocks remain buoyant in trading today despite some negativity from European stocks yesterday.Another day, another big move in the equities market.Asian stocks remain buoyant in trading today despite some negativity from European stocks yesterday. Other markets in Asia sees the Hang Seng index up by 1.07% while China’s Shanghai Composite and CSI 300 indices are up by 0.13% and 0.20% respectively. Source: forexlive.com Share This:

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Speed of stock rally getting historic on eve of big earnings season

“S&P 500 companies are likely to report per-share earnings growth of 10.2 percent for the fourth quarter of 2017, data compiled by Bloomberg Intelligence show” writes Elena Popina for seattletimes.com. Globally, stock funds saw a $24 billion inflow in the five days through Thursday, the sixth largest weekly total ever. Source: seattletimes.com Share This:

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JPMorgan lost $273 million on a single client in the fourth quarter

“After accounting for the $130 million in additional credit losses, JPMorgan booked $273 million in losses related to Steinhoff in the fourth quarter” writes Alex Morrell for businessinsider.com. But in an already wonky quarter, JPMorgan reported an unusual loss not related to the new tax law: Its equities team took a $143 million loss from a single client.Other banks are expected to be impacted by Steinhoff’s accounting loss as well.After accounting for effects from tax reform, JPMorgan posted a solid quarter, announcing earnings of $1.69 share Friday. Source: businessinsider.com Share This:

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Morgan Stanley cuts exposure to U.S. equities in favor of Europe

“Morgan Stanley cut its exposure to U.S. equities and increased its weighting in European equities on Wednesday, saying the U.S. stocks’ strong recent rally made it unlikely they could continue to outperform this year” reports foxbusiness.com. They increased their overweight in European equities from 2 percent to 3 percent relative to the benchmark, and cut their U.S. equities overweight to 1 percent from 2 percent. “We think the best ‘reflation’ plays lie in being overweight energy and financial equities,” they added.”U.S. stocks have outperformed and are now close to our…

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U.S. stocks end at records as tech powers equities to fourth straight daily gain

“U.S. stocks rose on Friday, with major indexes finishing at all-time highs again after the December jobs report showed that the labor market remained strong” writes Markets Reporter for marketwatch.com. Both the S&P and the Nasdaq had their biggest weekly percentage gain since November 2016.For the week, the Dow gained 2.3%, the S&P was up 2.6%, and the Nasdaq was up 3.4%. Source: marketwatch.com Share This:

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We talked to Charles Schwab’s investment strategist about what 2018 holds for equities, the Fed, and bitcoin

“Silverstein: When we talk about high valuations and equities, we’re also seeing extremely high valuations in tech” writes Sara Silverstein for businessinsider.com. It’ll be the first year of back-to-back, broad global economic growth that we’ve seen in more than a decade.But I think the bitcoin bubble, if you want to call it that, is something different.Silverstein: What do you think the impact of tax reform will be for equities in 2018?.  Source: businessinsider.com Share This:

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‘Brave’ asset managers must invest in emerging markets: GMO’s Grantham

“The rest of the developed as well as emerging market equities are also expensive, though on a relative basis they are cheaper compared with the U.S. markets” writes Anora M for marketwatch.com. The strategy of allocating heavily to emerging market equities would be hard to beat, even if investors were able to successfully time the markets, Grantham contends.Otherwise asset allocation should be indexed,” Grantham wrote.And at this stage, the asset that is most likely to deliver decent returns over the long term is emerging market equities, especially value equities, according…

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As stock markets gears up for Santa rally, threat of shutdown could sideline investors

“We expected significant upside risk for equities on a successful legislative outcome on U.S. tax reform” reports foxbusiness.com. Wall Street believes tax reform will be the key catalyst to drive stocks higher going forward.And even as pundits play down the possibility of government coming to a screeching halt, the threat may keep some jittery investors sidelined.December is among the best months for equities and stocks tend to outperform toward the end of the year. Source: foxbusiness.com Share This:

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As stock market gears up for Santa rally, threat of shutdown could sideline investors

“And even as pundits play down the possibility of government coming to a screeching halt, the threat may keep some jittery investors sidelined” writes Markets Reporter for marketwatch.com. Market sentiment will likely be buoyant following the release of the final version of a tax bill that is expected to be voted on next week.Wall Street believes tax reform will be the key catalyst to drive stocks higher going forward. “We expected significant upside risk for equities on a successful legislative outcome on U.S. tax reform.As investors gear up for the…

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