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The Trump administration’s mixed messaging on trade with China could result in increased tensions between the United States and the People’s Republic, CNBC’s Jim Cramer said Monday as the major averages endured a technology-led sell-off. After hearing the hard-line stance embraced by Vice President Mike Pence in his Oct. 4 speech at Washington’s Hudson Institute,
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Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had
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In 2019 many investors still don’t understand what a cloud even is, let alone a cloud computing stock. Clouds are networks of hyperscale data centers, built with commodity hardware and open source software, that enable the creation of scaled, global services delivered over the internet. I divide cloud stocks into three types: Cloud Czars, the
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The bull case supporting my position in Gap (NYSE:GPS) is reasonably simple. On a consolidated basis, Gap stock is cheap. Ahead of Gap earnings for Q3, on Tuesday afternoon, GPS stock trades right at 9x FY18 (ending January) consensus EPS estimates. As far as retail stocks go, that multiple is hardly an outlier. Foot Locker
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Amazon (NASDAQ:AMZN) stock finds itself struggling after years of growth. Profits keep increasing and the company continues to find success in new ventures. However, the recent drop in Amazon stock may indicate that Wall Street has become less fascinated with Amazon’s successes. Given the changing perception about Amazon and the equity’s high multiple, I would
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At the end of August, I wrote an article speculating on whether Facebook (NASDAQ:FB) stock had bottomed. Appropriately titled, “Has Facebook Stock Bottomed,” I concluded that it hadn’t, due to the short-term hit to profitability as a result of its ongoing efforts to make its social media platform safe and secure for all legitimate users. Since then,
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The backdrop is a grim one for Chevron (NYSE:CVX), as well as for its peers/rivals Exxon Mobil (NYSE:XOM) and even foreign oil giant BP (NYSE:BP). The United States’ levels of oil in storage is soaring again, prodding flashbacks of the situation right before crude’s 2014-2015 meltdown. Just like then, the major drillers and explorers have
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For the sake of all of you Ford (NYSE:F) shareholders, I sure hope autonomous cars can reinvigorate Ford stock. You’ve suffered enough financial pain in recent years. In mid-October, I suggested that F stock had bottomed and was likely going to rebound making it a potential buy for patient investors. Personally, I wouldn’t buy Ford stock, but
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U.S. stock futures are trading slightly lower as traders return to their trading turrets for a holiday-shortened week. Global trade tensions continue to dominate the headlines, and Apple (NASDAQ:AAPL) shares are weighing on the Nasdaq following reports that they are cutting production orders for all three new iPhone models by a third. Against this backdrop,
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