Investing

Hedge fund billionaire Paul Tudor Jones knows that the stock market is facing a reckoning as the Federal Reserve continues its cycle of raising interest rates to combat inflation. “Obviously, what typically starts bear markets is interest rates get so high they click it,” Jones told CNBC on Friday in an interview with Jim Cramer.
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Maestri said iPhone sales are “not necessarily representative of the underlying strength of our business.” He later added that “a unit sale is less relevant for us today than it was in the past, given our breadth of our portfolio and the wider sales price dispersion within any given product line.” Translation: Apple’s iPhone lineup
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Colgate-Palmolive Co.: “Colgate did not have a good quarter and there were a lot of people who downgraded it. But I’m going to wait. At 3.5 percent [yield] is where I would buy this and not before then, because you have stocks like IFF and Estee Lauder that are really crushing it. Church & Dwight,
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Knowing the difference between real, federally-approved medicine and alternative treatments is key when it comes to cannabis, says GW Pharmaceuticals CEO Justin Gover, whose company’s cannabis-based epilepsy treatment launched Thursday in the United States. “We think it’s’ really important to distinguish between what is medicine and what is not,” Gover told CNBC’s Jim Cramer in
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Seznec is less convinced that MBS will not face any challenge to his power, but he stressed that in phone conversations he has had this week with people in kingdom, there wasn’t much concern shown. “The whole issue is not seen in Saudi Arabia as a major crisis. … People are not about to go
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Netflix’s sell-off has left the video streaming company with a “back-of-the-truck” price, RBC Capital Markets lead internet analyst Mark Mahaney, told CNBC on Friday. Mahaney, who has been bullish on Netflix, is betting that the company will rebound from its recent slides. The stock closed down just over 4 percent on Friday at $299.83. “You
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“It’s a bad sign that oversold markets not bouncing,” Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategist wrote. “The inability of oversold markets to bounce suggests investors worried by either systemic financial market event or recession.” Tech has been especially slammed this week. The Nasdaq Composite dropped 1.7 percent Friday, led lower by
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About Trading Nation is a multimedia financial news program that shows investors and traders how to use the news of the day to their advantage. This is where experts from across the financial world – including macro strategists, technical analysts, stock-pickers, and traders who specialize in options, currencies, and fixed income – come together to
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The S&P 500 slipped past two closely watched levels on Friday. It fell below its 200-day moving average and is down more than 10 percent from its intraday high of 2.940.91 on Sept. 21, a correction as defined on Wall Street.The 200-day moving average is one of the most popular technical indicators used by investors
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“It’s a bad sign that oversold markets not bouncing,” Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategist, wrote. “The inability of oversold markets to bounce suggests investors worried by either systemic financial market event or recession.” Tech has been especially slammed this week. The Nasdaq Composite dropped 1.7 percent Friday, led lower by
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Mazor Robotics Ltd.: “It’s being bought, so it’s kind of done. I do think that you’re just going to take the money and run. You did a great job with it.” Take-Two Interactive Software: “OK, Take-Two Interactive got some incredible reviews for ‘Red Dead Redemption [2].’ The stock’s up big. [CEO] Strauss Zelnick may have
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TORONTO — Trian Partners co-founder and chief investment officer Ed Garden said Thursday that PPG Industries needs to replace its “struggling” management to reverse disappointing profit at the global coatings company. Garden told investors at a conference that current PPG CEO Michael McGarry should be replaced by former chief Chuck Bunch, who “knows how to
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