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Nvidia stock removed from Goldman Sachs Conviction List on increased near-term uncertainty

“Goldman Sachs removed Nvidia Corp. stock NVDA, +2.64% from its Conviction List on Friday, citing increased near-term uncertainty after Thursday’s quarterly earnings” writes Ciara Linnane for marketwatch.com. The stock has fallen 15.5% since it was added to the list, while the S&P 500 SPX, +1.06% has fallen just 1.4% analysts wrote in a note.Nvidia predicted a fall in revenue in the fourth quarter versus the third quarter and year-earlier one, because of an inventory backlog of its Pascal-based gaming cards. Source: marketwatch.com Share This:

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Baxter board approves $2 billion increase to share buyback authorization

“BAX, +1.30% said Tuesday its board has approved a $2 billion increase to its share buyback authorization, bringing the total available to $3.4 billion” writes Ciara Linnane for marketwatch.com. The medical products company’s shares were up 1.1% premarket, but have fallen about 5% in 2018, while the S&P 500 SPX, +0.53% has gained 2%. Source: marketwatch.com Share This:

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Coach parent Tapestry CFO Willis to leave company after about 2 years in the role

“TPR, -0.14% said Chief Financial Officer Kevin Willis will leave the company effective Feb. 8, 2019, after about two years in the role” writes Reporter Editor for marketwatch.com. The luxury lifestyle brand company said it is searching for his successor.The stock, which was still inactive in premarket trade, has shed 5.9% over the past three months, while the S&P 500 SPX, +0.56% has lost 3.9%. Source: marketwatch.com Share This:

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Spotify to conduct up to $1 billion in stock buybacks

“Spotify shares are up 1.9% in premarket trading, though they’re down 15% over the past month” writes Emily Bary for marketwatch.com. Spotify Technology SA SPOT, -1.54% announced Monday that it will begin repurchasing stock this quarter.The company has received authorization for up to $1 billion or 10 million shares worth of buybacks. Source: marketwatch.com Share This:

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Applied Materials, Lam Research stocks downgraded to neutral at B. Riley

“Lam shares have slipped 32% over the past 12 months, as Applied Materials shares have fallen 43% and the S&P 500 SPX, +1.13% has gained 4.4%” writes Emily Bary for marketwatch.com. Applied Materials shares are up 0.4% in Monday morning trading, underperforming the S&P 500 SPX, +1.13% and PHLX Semiconductor Index, while Lam shares are up 1.8%, slightly ahead of both benchmarks. Source: marketwatch.com Share This:

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Dow up 300 points as stocks look to construct a rebound from last week’s rubble

“Meanwhile, the S&P 500 index SPX, +1.10% climbed 1.7% at 2,703, while the Nasdaq Composite Index COMP, +0.68% rose 1.6% at 7,284” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average saw its early Monday gain accelerate as investors appeared to buy up stocks that have been battered over the past week.Nearly all of the blue-chip benchmark’s 30 components were trading higher, with the notable exception of IBM’s stock, down 1.5%. Source: marketwatch.com Share This:

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Dow races up 330 points and retakes 25,000, as the stock market extends Monday gains

“Meanwhile, the S&P 500 index SPX, +0.93% climbed 1.7% at 2,703, while the Nasdaq Composite Index COMP, +0.53% rose 1.6% at 7,284” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average saw its early Monday gain accelerate as investors appeared to buy up stocks that have been battered over the past week.Nearly all of the blue-chip benchmark’s 30 components were trading higher, with the notable exception of IBM’s stock, down 1.5%. Source: marketwatch.com Share This:

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Dow tumbles by about 400 points, putting blue chips on the verge of erasing all of Thursday’s gains

“U.S. consumer sentiment dipped to 98.6 in final October reading, University of Michigan said” writes Mark Decambre for marketwatch.com. The Dow DJIA, -1.56% most recently was down 411 points, or 1.6%, at 24,580, the S&P 500 index SPX, -2.25% declined 2.2% at 2,644, while the Nasdaq Composite index COMP, -2.92% dropped by 2.8% at 7,113.The Dow Jones Industrial Average fell to session lows on Friday, with declines picking up, along with the rest of the equity market, after a reading of consumer sentiment showed a tick down, reflecting a decline…

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Corium’s stock rockets to pace premarket gainers after Gurnet buyout deal

“CORI, -0.24% rocketed 50.7% to pace all premarket gainers Friday, after the biotechnology company agreed to be acquired by private investment firm Gurnet Point Capital” writes Reporter Editor for marketwatch.com. Under terms of the deal, announced late Thursday, Gurnet will pay $12.50 in cash for each Corium share outstanding, a 50.4% premium to Thursday’s closing price of $8.31.The deal is expected to close by the end of the year. Source: marketwatch.com Share This:

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Dow falls more than 400 points at lows, blue-chip index flirts with worst day since April

“Meanwhile, the S&P 500 index SPX, -1.45% was sinking 1.4% at 2,841 and the Nasdaq Composite Index COMP, -2.07% gave up 2.1% to 7,576” writes Mark Decambre for marketwatch.com. A decline greater than 392 points would represent the Dow’s worst single-session point drop since April 6 when it fell 572 points or 2.3%.The Dow Jones Industrial Average saw losses deepen midday Wednesday, briefly setting the blue-chip index on pace for its worst one-day decline since April, according to FactSet data.Most recently, the index was off by about 380 points, or…

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