News Stocks 

How big a year-end stock-market rally to expect this time

“Oil prices might be acting like a warning light when it comes to the stock market, which is trading near all-time highs despite growing concern over the U.S.-China tariff battle and rising global trade tensions” reports marketwatch.com. Caterpillar Inc. is scheduled to report third-quarter earnings on Wednesday, and expectations are subdued as trade tensions with China persist and global economies show signs of slowing.Gerber says a report about arsenic in baby food ‘may have caused unnecessary alarm.’ See full story. Source: marketwatch.com

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What Netflix’s roller-coaster week and earnings report say about its pricing power and growth potential

“Read more about what the third quarter suggested about Netflix’s pricing power: Netflix’s price hikes hurt growth in the US, and its pricing power will face an even greater test as new rivals launch Netflix surprised overseas” writes Ashley Rodriguez for businessinsider.com. Netflix shares rose earlier this week on a fine earnings report Wednesday that Wall Street thought would be terrible.It prompted more questions from Wall Street analysts and investors about the limits Netflix’s pricing power, and how much the service could realistically continue growing in the US. “It’s hard…

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Boeing stock at its lowest in two months after report jet maker may have misled FAA

“Instant messages from two Boeing employees suggest the company may have misled the FAA, Reuters reported, citing documents it had reviewed” writes Claudia Assis for marketwatch.com. The FAA has confirmed Boeing told it a day or so earlier about the messages, which the company had discovered months ago.Shares of Boeing Co. on Friday were on pace for their worst close in nearly two months after a report said that internal messages suggest the company misled federal aviation authorities about the safety of the 737 Max jet. Source: marketwatch.com

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Dow industrials end 1% lower as Boeing, J&J shares exact more than 220-point toll on the blue-chip index

“U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion’s share of the pain for the Dow industrials” writes Mark Decambre for marketwatch.com. Dow components Boeing cut about 170 points from the price-weighted average, while J&J and shares exacted a 57-point toll on the index.The S&P 500 index SPX, -0.39% closed 0.4% lower at 2,986, while the Nasdaq Composite Index COMP, -0.83% ended 0.8% lower at 8,090. Boeing’s stock got slammed after the Federal Aviation Administration said…

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Boeing’s stock selloff a triple-digit point drag on the Dow

“With the Dow down 168 points, excluding the shares of Boeing and J&J would turn the Dow slightly positive” writes Reporter Editor for marketwatch.com. BA, -5.36% is by far the biggest drag on the Dow Jones Industrial Average DJIA, -0.62% on Friday, as the aerospace giant’s stock selloff accounts for a triple-digit decline all by itself.Meanwhile, J&J’s stock dropped $7.83, or 5.8%, after the company announced an asbestos-related recall of its baby powder, to undercut the Dow by 53 points.The $17.86-price decline was shaving about 121 points off the Dow’s…

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Snap just got an upgrade, but analysts warn TikTok is a looming risk in the fight for social media ad dollars

“Bank of America Merrill Lynch analysts upgraded Snap to a “buy” on Friday, but warned that the rise of social media rival TikTok could be a risk to the call” writes Megan Graham for cnbc.com. Although teens use the apps in different ways, the allure of watching and creating TikTok videos is currently very strong in this demographic group,” she wrote. Source: cnbc.com

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Markets News Stocks 

Ben Carlson: A Eulogy for the 60/40 Portfolio

“The 60/40 portfolio passed away on October 16, 2019, from complications of low interest rates and a bad case of Fed manipulation” writes Ben Carlson for awealthofcommonsense.com. Investors will now have to grapple with the fact that with the passing of the 60/40 portfolio, diversification is also dead.I’ve shared many a conversation with 60/40 over beers about how complex so many professional investors try to make their portfolio. 60/40 would often shake its head and laugh when thinking about it.Many were envious of the performance of the 60/40 portfolio because…

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Dow breaks slightly lower at Friday’s open as J&J’s stock weighs on blue chips

“The S&P 500 index SPX, +0.00% was off less than 0.1% at 2,997, while the Nasdaq Composite Index COMP, -0.08% was down 0.1% at 8,151” writes Mark Decambre for marketwatch.com. US stocks on Friday headed slightly lower but benchmarks were set to post a second straight week of gains on quarterly corporate results that have thus far come in better than expected.Meanwhile, other Dow components Coca-Cola shares climbed after the beverage and snacks company matched expectations and sales rise slightly more than anticipated and American Express Co.’s AXP, -0.38% shares…

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American Express stock surges after earnings rise above forecasts, amid higher card member spending

“Within the company’s business segments, consumer services revenue rose 11% to $5.4 billion, commercial services grew 7% to $3.4 billion and merchant and network services revenue increased 5% to $1.7 billion” writes Reporter Editor for marketwatch.com. Excluding non-recurring items, adjusted earnings per share of $2.08 topped the FactSet consensus of $2.03.AXP, +1.44% surged 2.1% premarket after the credit card and travel services company reported a third-quarter profit and revenue that rose above expectations, citing higher card member spending, net interest income and card fees. Source: marketwatch.com

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ManpowerGroup stock falls after revenue miss, downbeat profit outlook

“Revenue fell 3.1% to $5.25 billion, below the FactSet consensus of $5.33 billion, as Americas revenue rose 2.0%, Southern Europe revenue fell 5.4% and Northern Europe revenue dropped 10.1%” writes Reporter Editor for marketwatch.com. Shares of ManpowerGroup MAN, +2.13% shed 2.1% in premarket trading Friday, after the provider of workforce services reported third-quarter revenue that missed expectations, and provided a fourth-quarter profit outlook that was below forecasts. Source: marketwatch.com

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