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Market News

Location American Market News for 17 January 2020

Why Did UPS' Stock Grow Around 20% In 2019?

Forbes - 17 Jan 2020 17:00
Why Did UPS' Stock Grow Around 20% In 2019? United Parcel Service's stock price grew 20% from around $96 levels by the end of 2018 to $118 in 2019, primarily driven by expansion of its P/E multiple, along with revenue growth, partly offset by a modest decline in m...
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Yields on longer-term U.S. government debt climbed after the Treasury Department said it would begin selling 20-year government bonds later this year.
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Russia's New Prime Minister Wants Cryptocurrency To Be Taxed Russia's new Prime Minister has this to say about Bitcoin and crypto.
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Bitcoin Volatility Reached Its Highest Since November This Week Bitcoin volatility picked up earlier this week. Will the world's most prominent cryptocurrency continue to push higher this year?
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The Bank Of England Looks Headed For Interest Rate Cuts--Just Blame Brexit The Bank of England appears increasingly likely to cut interest rates fairly soon as the British economy weakens further in the face of the grinding uncertainty of its tortuously long breakup with the European Union.
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Trust Banks Have a Need for Spend

Wall Street Journal - 17 Jan 2020 19:50
Revenue was up at both State Street and Bank of New York Mellon in the fourth quarter, but the big difference was the expense outlook.
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Elated Shareholders Fall Into The Gap

Wall Street Journal - 17 Jan 2020 19:36
Gap shares surged when they planned to split and jumped again when they canceled those plans, but the period in between was a doozy.
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Netflix Made A Mark In The Oscar Nomination Race; How Might That Translate To Share Value? NFLX knocked the socks off of Hollywood with a record 24 Oscar nominations. Analysts might want to know how that's going to translate into higher membership, revenues and profit. Q4 results might tell the story.
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Cleveland-Cliffs Decides To Buy AK Steel: Who Is The Real Winner? In December 2019, Cleveland-Cliffs (NYSE: CLF) announced that it has entered into a $1.1 billion all-stock deal to buy AK Steel. Post the deal closure in the first half of 2020, CLF is likely to hold 68% of the verticall...
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Much of the decline in planted wheat acres has come in recent years, concurrent with Russia's ascent as the world's dominant supplier and Midwestern farmers' turn to more profitable crops, like corn and soybeans.
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Roche's $7 Billion Drug Sales At Risk?

Forbes - 17 Jan 2020 18:00
Roche's $7 Billion Drug Sales At Risk? Roche's Avastin is the leader in the renal cancer drugs market. Renal cancer, or kidney cancer, is an important market for pharmaceutical companies, with over 73,000 new cancer cases expected in the U.S. alone in 2020. A...
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Fed Adds $52.6 Billion To Markets

Wall Street Journal - 17 Jan 2020 17:59
As the Federal Reserve added $52.6 billion in short-term liquidity to the financial system Friday to aid money markets, central bank officials debated the program that has been in place since September.
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Yodlee might be selling consumers' personal financial data without proper consent, three lawmakers said in a letter to the Federal Trade Commission.
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Why Lululemon's 2019 Profits Should Have Grown Nearly 30% Despite A Sharp Increase In Expenses Lululemon Athletica Inc. (NASDAQ: LULU) has achieved robust growth over 2015-18, with the company's revenue increasing a whopping 59%. But the apparel company's expenses following a similar trend over this period - resul...
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Five Macro Themes for 2020

Forbes - 17 Jan 2020 16:59
Five Macro Themes for 2020 We are entering 2020 on the opposite footing to where markets were a year ago. In our fundamental view, asset prices are more fully priced with risk premiums highly compressed, precipitating a cautious view on markets an...
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Record Run: Major Indices On A Roll As Earnings, Housing Market Looking Solid Today's housing starts number was out of the ballpark and might reflect a strong job market and low mortgage rates. Readings like this could mean the consumer isn't going anywhere and could still support stronger economi...
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The Good and Bad: Molina Healthcare and Linde PLC See two of the featured stocks from this month's model portfolios.
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Earnings Preview: What To Expect From TD Ameritrade On Tuesday TD Ameritrade is expected to earn $0.76/share on $1.29 billion in revenue.
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Is It Too Late For Bed Bath & Beyond To Get Back On Track? Bed Bath & Beyond reported extremely disappointing Q3 results recently. The company reported $2.8 billion in revenues which declined 9% year-over-year (y-o-y), which followed a 7% decline in Q2. The first full week of th...
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Earnings Preview: What To Expect From Netflix On Tuesday Netflix is expected to report $0.50/share on $5.44 billion in revenue. Meanwhile, the so-called Whisper number is $0.58.
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Morgan Stanley's Stock Hasn't Kept Pace With Record Profits

Wall Street Journal - 17 Jan 2020 15:00
Morgan Stanley reported record revenue and profit for 2019 and the stock Thursday had it biggest gain in three years. But for some long-term shareholders, that isn't enough.
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Spinoffs Have Dramatically Under-Performed. How To Profit From Them When our analysts dug into the numbers, we found companies that were spun off over the past decade under-performed the S&P 500 by 2.7 percentage points per year on average. So how can investors profit from this once depe...
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