Month: November 2018

U.S. equities are dropping hard again on Tuesday, a continuation of ongoing weakness in the technology sector amid nasty looking pullbacks in one-time high-flyers such as Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB). And the semiconductor stocks are in a tailspin. And while it is true some of this is technical in nature — driven by a
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A few weeks ago, everyone on Wall Street was talking about how chipmaker Nvidia (NASDAQ:NVDA) was ready to rally to $400 on AI and data-related tailwinds. Now, one cryptocurrency plagued quarter later, Nvidia stock is trading down at $140 and no one wants to buy it. Except for Citron Research. The widely followed short-seller, who
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The stock market spotlight this week belongs to retail stocks. From Target (NYSE:TGT) to Kohl’s (NYSE:KSS) to Urban Outfitters (NASDAQ:URBN), retail names dominate the earnings scene this week. A lot of these companies have already reported earnings and the numbers have broadly been solid. Yet, despite strong numbers, investors are dumping most retail stocks after
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U.S. equities are headed for another bloodbath on Tuesday, with Apple (NASDAQ:AAPL) opening down another 4% following a fresh analyst downgrade from Goldman Sachs on iPhone demand concerns. The “you can’t lose” momentum that powered the FAANG stocks higher for so long is now full in reverse, with stocks like Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX)
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U.S. stock futures are trading sharply lower this morning. High-momentum stocks and tech giants in the infamous FAANG gang all continued sliding after hours and are pressuring the Nasdaq once again. Elsewhere in retail land, Target (NYSE:TGT) shares are being dismantled to the tune of 12% premarket on disappointing Q3 earnings results. The slide is
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