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I remember the days when Overstock.com (NASDAQ:OSTK) forwarded a brilliant business idea. Rather than let closeout merchandise sit in physical locations, Overstock drove sales through the then-burgeoning e-commerce platform. Such a groundbreaking concept eventually catapulted the OSTK stock price to unprecedented heights before an equally dramatic pullback. In recent years, Overstock made headlines for another
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To put the General Electric Company (NYSE:GE) quandary into perspective and properly evaluate the GE stock story, it’s useful to remember 2016’s docudrama Sully. The movie depicts the 2009 landing of US Air flight 1549 on the Hudson River, Tom Hanks’ character Chesley “Sully” Sullenberger abruptly and effectively shuts down what is shaping up to be a
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Semis are rebounding. The SMH semiconductor ETF has surged 18 percent off its December bottom, a welcome rebound after a 29 percent pullback during the preceding nine months. It’s not the first time chipmakers have seen those moves, says Todd Gordon, founder of TradingAnalysis.com. “There’s a lot of precedents to the bounce that we’ve seen,”
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Check out the companies making headlines midday Thursday: Southwest Airlines — The company’s stock rose more than 4 percent after the release of stronger-than-expected quarterly earnings. The company also said Thursday it has lost $10 million to $15 million this month due the partial government shutdown. Union Pacific Corporation — Shares of Union Pacific jumped
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Check out the companies making headlines after the bell Thursday: Shares of Intel dropped 7 percent following mixed earnings and weak first-quarter guidance. The semiconductor-maker reported $18.66 billion in revenue, compared to the $19.01 billion estimated by analysts. Earnings per share were $1.28, slightly higher than the $1.22 estimated on the Street. The company issued
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CNBC’s Jim Cramer implored investors on Thursday not to let day-to-day market volatility frighten them out of buying shares of great long-term performers like pharmaceutical giant Merck. “Merck is exactly the kind of company that investors circle the wagons around” during difficult macroeconomic events like long-lived government shutdowns, Cramer said on “Mad Money” amid a
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Threatened U.S. sanctions on Venezuelan oil could further destabilize the beleaguered country, but some economists say there’s already a good chance the Latin American country could collapse on its own. Venezuela’s 14 months of hyperinflation is among the worst in recent history, and that could be its undoing, according to Edward Glossop, Latin American economist
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The FOMO rally is here to stay. So the key is to buy top stocks now because there may not be a serious pullback coming any time soon. Or to put it another way, timing the market is a fool’s errand. It is better to just appreciate the long-term trend and align your portfolio accordingly.
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Never let it be said that Micron Technology (NASDAQ:MU) stock is a boring name to watch or own. Coming out of the 2015 computer-memory glut, MU stock ran from a 2016 low near $10 to 2018’s high of $65, only to slide all the way back to a low of less than $29 last month. Fears
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Investors who started watching Apple (NASDAQ:AAPL) stock in the last two years will think that the stock corrected so sharply lower that its future is questionable. But for long-time Apple investors, the meteoric rise to $233 in 2018 and its return to the $150 level is mostly noise. From 2012 to 2017, shares traded in
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