News Stocks 

The stock that’s surged 150 percent this year – and could rise even higher

“Out of all the stocks in the broad S&P 1500 index with more than $2 billion in market capitalization, the best performer this year is Scientific Games” writes Richard Bord for cnbc.com. Wieczynski maintains a hold rating on the stock, explaining that “we remain on the sidelines until a better entry point presents itself.”. Good news for the company has come in the form of an uptick in earnings, as well as an improving debt situation. Source: cnbc.com Share This:

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News Stocks 

This fund manager finds contrarian bargains among ‘smidcaps’

“But first, does it even make sense to think that smidcap stocks can make a comeback?” writes Michael Brush for marketwatch.com. Lockridge’s fund is overweight consumer-oriented names, energy, and the basics like industrials and materials.But smidcap stocks have a higher projected annual earnings growth rate — 12.6% compared to 11%. “That alone should start attracting interest in the small caps,” says Lockridge. Source: marketwatch.com Share This:

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News Platforms Stocks 

Analyst initiates three social media stocks, and guess which one is a sell?

“SNAP, +2.39% which Youssef Squali, lead analyst on all three reports, initiated at sell, saying the company has more downside than reflected in analyst estimates” writes Caitlin Huston for marketwatch.com. Snap has a young and “impressive” user base, Squali said, particularly in terms of engagement on the platform.Snap’s user growth, which touched 173 million daily active users in its latest quarter, up 21% from the year-earlier period, is a sign of a healthy base, he said.SunTrust Robinson Humphrey initiated coverage of three big social media platforms Wednesday, taking a bearish…

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Futures News Stocks 

Gold futures poised for third straight losing session

“Traders also are awaiting further clues on monetary policy from minutes, set to be released at 2 p.m” writes Markets Commodities Reporter for marketwatch.com. Gold futures looked set to extend their declines to a third session Wednesday as a trio of a strengthening dollar, rising stocks and subsiding tensions around the globe weighed on so-called haven assets.December gold GCZ7, +0.26%  fell $1.80, or 0.1%, to trade at $1,277.90 an ounce. Source: marketwatch.com Share This:

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News Stocks 

European stocks bounce toward 3rd straight rise

“BMW shares rose 0.5% in Frankfurt” writes Markets Reporter for marketwatch.com. European stocks pushed higher Wednesday, with stocks continuing to recover after the flare-up in tensions between the U.S. and North Korea.Fiat shares didn’t trade Tuesday as trading in Italy was closed for a holiday.The Stoxx Europe 600 index SXXP, +0.66% picked up 0.7% to 379.07, with only the telecom group showing a minor decline. Source: marketwatch.com Share This:

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News Reviews Stocks 

Stocks Daily Review August 16, 2017

Stocks Daily Review for August 16, 2017 Stocks are looking bulletproof The US stock market looks bulletproof after yet another quick rebound from a selloff that looked potentially perilous to the future of the bull market.   UPDATE: Advance Auto Parts shares slide 9% after profit miss Advance Auto Parts Inc. shares AAP, +1.84% slid 9% premarket Tuesday, after the company reported weaker-than-expected profit for the second quarter. T   STOCKS GO NOWHERE: Here’s what you need to know The US dollar index rose to its strongest level of this…

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News Stocks 

When Retail Stocks Dropped, These Funds Went Shopping

“The precipitous declines in shares of several traditional retailers in the second quarter presented buying opportunities for many mutual and hedge fund managers” writes Chris Dieterich for wsj.com. Retail stocks have been hectored by the rising popularity of online shopping industry giants such as , forcing store closings and tamping down sales forecasts. Source: wsj.com Share This:

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News Stocks 

Top-performing hedge funds are buying these stocks

“Financials stocks were a big area of focus in the June quarter for the best stock-picking hedge funds” writes The Image Bank for cnbc.com. Big hedge fund managers such as David Einhorn and Bill Ackman get much of the attention, but some lower profile strategists are performing even better.CNBC used Symmetric.io, a hedge fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought, according to filings.Four times a year, hedge funds file their long positions with the SEC, and the information is released to the…

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Crypto Markets News Stocks 

If bitcoin were a stock, here’s where it’d rank on the S&P 500

“If bitcoin was a stock (which it isn’t), it would be the seventy-fourth biggest by market capitalization, just behind Adobe and Netflix on the S&P 500” writes Arjun Kharpal for cnbc.com. Bitcoin hit another record high on Tuesday, with the continuing rally bringing its market capitalization within touching distance of major stocks like Netflix. Adobe has a market cap of $73.6 billion while Netflix is worth $73.8 billion, putting bitcoin within touching distance of both.This makes it the highest market capitalization yet.Bitcoin’s market capitalization — the total number of coins…

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