News Stocks 

GE’s stock on track for best post-earnings performance in over 7 years

“The stock is on track for the biggest one-day post-earnings gain since Jan. 21, 2011, when it rallied 7.1% after fourth-quarter 2010 results” writes Reporter Editor for marketwatch.com. GE’s stock had lost 14.0% over the past three months through Thursday, while the Dow Jones Industrial Average DJIA, -0.17% had lost 5.4%.Before that, the biggest gain was 4.6% on July 19, 2013, after second-quarter 2013 results.With volume of over 4.1 million shares, the stock was the most actively traded before the open.General Electric Co.’s stock GE, +6.29% ran up 5.3% in…

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Morgan Stanley reports record first-quarter profit and revenue

“Morgan Stanley on Wednesday reported record net income and revenues for the first quarter as the bank’s equity trading unit navigated renewed financial market volatility even better than competitors like Goldman Sachs” writes Qilai Shen for cnbc.com. Its shares were roughly unchanged Wednesday.Here’s how the banking giant fared against analyst estimates: “We delivered very strong results this quarter, with record revenues and net income — and an ROE above our target range,” CEO James Gorman said in a statement. Source: cnbc.com Share This:

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China home prices accelerate in March

“BEIJING — China home prices held mostly steady in March, though several cities in the northeast rust-belt area saw price gains” writes Dominique Fong for marketwatch.com. In the northeast, prices increased 11.4% in Shenyang, 11.1% in Harbin and 10.8% in Dalian over the same period.New-home prices rose in 55 of 70 cities in March from a month earlier, compared with 44 in February.Meanwhile, prices rose 12.3% in the southern coastal city of Beihai. Source: marketwatch.com Share This:

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Markets News Oil Stocks 

Oil, gold to gain on Syrian strikes, Russian retaliation in focus

“I think the strikes were well targeted, and as such gold market impact will be minimal as it will be hard to justify a major retaliation,” said a trader at a leading bullion bank” writes Midwest Communications Inc for 95kqds.com. In case of such an escalation, energy-related assets should outperform Asia markets, oil would rally further, the yen would spike and Japan’s domestic defensive stocks would outperform international stocks.Naeem Aslam, chief market analyst at Think Markets, said gold was poised to gain on Monday but the rally wouldn’t be very…

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News Stocks 

Tesla shares gain after Elon Musk rules out capital raise in snarky tweet at the Economist

“Tesla Inc. shares rose almost 3% Friday, after Chief Executive Elon Musk reiterated that his company will not need to raise cash this year in a snarky tweet aimed at the weekly publication the Economist” writes Ciara Linnane for marketwatch.com. It assured investors that it wouldn’t need to raise capital via debt or equity this year, news that sent its stock higher.Tesla is likely to need to tap markets in the third quarter “to maintain an adequate cash cushion,” the analysts said. Source: marketwatch.com Share This:

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VW Chief Pledges Faster Streamlining to Speed Decisions

“The most significant structural decision paves the way for a standalone stock listing of the trucks division, with assets that Evercore ISI estimates at as much as 30 billion euros ($37 billion)” writes unknown author for bloomberg.com. Poetsch said that, whatever moves the company makes with the truck division, Volkswagen won’t cede control. Source: bloomberg.com Share This:

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Crypto News 

Bitcoin extends rise, jumping around $400 in an hour

“The price of bitcoin jumped again on Friday, jumping nearly $400 in an hour, as the cryptocurrency looked set to close out the week with a gain of over 20%” writes Markets Reporter for marketwatch.com. Read: Is bitcoin’s biggest gain in 2 months a short squeeze or a change in sentiment?. Eastern on Friday, bitcoin went from $7,813.41 to $8,171.58 over the space of an hour, and has held on to the bulk of that move up.The big gainers for the week of that bunch are Ether, up around 38%…

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News Stocks 

Stocks bounce as Trump changes tack on Syria, earnings hopes

“The Singapore dollar gained slightly after Singapore’s central bank tightened monetary policy for the first time in six years as expected” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took center stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria.MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent while Japan’s Nikkei gained 0.8 percent. U.S. WTI crude futures Elsewhere, bitcoin fetched $7,968.5 after 14.2 percent…

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Sprint, T-Mobile Owners Gain on Merger Talk Reports

“The owners of Sprint Corp. (S) and T-Mobile US Inc. (TMUS) saw their shares surge on Wednesday, April 11, on reports that the companies have restarted merger talks” writes Lisa Botter for thestreet.com. T-Mobile stock closed at $63.13 after gaining 5.67%, shares were up 0.33% in premarket trading. The CEO said that he had travelled to the private home of Softbank CEO and Sprint Chairman Masayoshi Son in Tokyo in a bid to save the deal, however the pair decided against it. Source: thestreet.com Share This:

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