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For much of his presidency, the stock market has loved President Donald Trump, trading higher on his pro-growth policies, like tax cuts, as well as his hands-off regulatory stance. But now with the stock market well off its highs, the president has increasingly become a source of uncertainty and volatility. Trump and Washington politics are
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Amid a messy and violent stock market backdrop, Nike (NYSE:NKE) played the role of knight in shining armor Friday, Dec. 21. Nike stock jumped as the global athletic apparel giant reported very strong second quarter numbers which beat both top and bottom line expectations, and underscored that growth globally is accelerating. Also, management delivered robust
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BlackBerry (NYSE:BB) reported stronger-than-expected third-quarter results on Dec. 20, driven by its strong auto and government businesses. BlackBerry stock rose less than 3% on the news, but that gain was actually better than it looked, considering that the Nasdaq Composite plunged 1.63% on Dec. 20. Impressively, the company’s operating margin came in at 12%, representing
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