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Asian stocks choppy, sentiment shaken by sliding yuan

“Lastly, a weaker yuan deepens trade war concerns.”” writes Midwest Communications Inc for 95kqds.com. First, a weaker yuan challenges the competitiveness of other Asian economies,” said Shusuke Yamada, currency and equity strategist at Bank of America Merrill Lynch in Tokyo.The dollar index against a basket of six major currencies stood little changed at 95.178 after being knocked down from 95.652, its highest level since July 2017.”The weaker currency also causes fears of capital leaving China and disrupting their capital markets, which could have knock-on effects on Asia.With China showing little…

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Stocks Climbing Despite Trade Worries, But Other Markets Are Flashing Warning Signs

“The price drop here is less dramatic, but it is hardly a positive sign” writes Martin Tillier for nasdaq.com. For many people, the recent direction of the stock market is somewhat puzzling.Despite what this administration keeps insisting, there are no winners in trade wars, particularly those conducted on multiple fronts.The strange thing is that if you google “copper price warning” or “doctor copper” as it is sometimes known, there are no recent results for articles pointing this out.At that time, the view that I espoused, that imposing tariffs was a…

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Michael Batnick: Pareto

“Misleading is not my M.O. The top 5 companies have a market cap of $4.09T, the next 213 companies have a market cap of $17.14T, and the remaining 282 have a market cap of $4.02T” writes Michael Batnick for theirrelevantinvestor.com. The first decile is the 50 largest stocks, the second decile is the next 50 largest stocks, and so on.This chart shows that the five largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks.The Pareto Principle is a feature of financial markets, not…

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The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief

“But regardless of how the market does going forward, certain bad behavior can be more costly than sitting on cash” writes Akin Oyedele for businessinsider.com. Following the stock market’s strong performance last year, many millennials and baby boomers are throwing more cash into the market in 2018, according to a Bank of America survey of nearly 1,000 households.Investors with a long time horizon can take advantage of one the smartest strategies to invest in stocks: dollar-cost averaging.Emerging-market stocks on aggregate are getting slammed this year, and so they are looking…

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Stocks Daily Review July 19, 2018

Stocks Daily Review for July 19, 2018 Catalyst Biosciences shares surge 23% on positive results for one patient in late-stage hemophilia trial Catalyst Biosciences Inc. CBIO, -0.57% shares surged 23% in premarket trade on Wednesday after the company said that one hemophilia patient in its pha   Target shares get a premarket lift after reporting biggest online sales day of 2018 Target Corp. TGT, +0.08% shares rose 1% in Wednesday premarket trading after the retailer said it had the biggest day for online traffic and sales of   Global snapshot…

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Exclusive: Amazon denies it will challenge Cisco with switch sales

“Amazon would not comment on whether it is creating its own networking equipment, just that it did not plan to sell such equipment to other businesses” writes Jeremy C for marketwatch.com. The report said Amazon’s generic networking equipment would be based on open-source software and sourced from “white box” manufacturers, which would likely make the product much cheaper than offerings from the larger networking companies.Amazon and other networking stocks were calm in immediate late trading. Source: marketwatch.com Share This:

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Dow bucking downbeat trend, gains powered by rise in UnitedHealth and Boeing stocks

“The Dow Jones Industrial Average late-morning Wednesday was trading near its highest level of the session, with its gains powered by UnitedHealth Group Inc” writes Mark Decambre for marketwatch.com. UnitedHealth’s shares were up about $4.19, or 1.7%, while those for industrial giant Boeing were climbing by $3.88 or more than 1%.BA, +1.00% Shares of the UnitedHealth and Boeing were contributing a combined 54 points to the price-weighted Dow DJIA, +0.21% The benchmark most recently was up about 40 points, or 0.2%, at 25,159, trading near session highs. Meanwhile, the S&P…

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Stocks Daily Review July 18, 2018

Stocks Daily Review for July 18, 2018 Dow marks 4th straight gain as stocks finish broadly higher after Powell testimony U.S. stock on Tuesday closed firmly higher and the technology-heavy Nasdaq notched a fresh record after Federal Reserve Chairman Jerome Powell indicat   Cellectar Biosciences shares surge 15% on results of one cancer patient in mid-stage trial Cellectar Biosciences Inc. CLRB, -1.47% shares rose 15% in Tuesday trade after the company announced that one patient in a phase 2 trial for its cance   Lam Research, Applied Materials stocks fall…

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Dow marks 4th straight gain as stocks finish broadly higher after Powell testimony

“The blue-benchmark’s gains were buoyed by a rally in component Johnson & Johnson JNJ, +3.54% which reported second-quarter earnings and revenue that were better than expected” writes Mark Decambre for marketwatch.com. Providing testimony in front of the Senate Banking Committee, Powell said the “best way forward is to keep gradually raising the federal-funds rate for now.”.  Source: marketwatch.com Share This:

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