Month: April 2019

While the biotech sector saw early gains in 2019, the selling pressure has picked up steam recently as the government continued its scrutiny over the Medicare system and the pricing model for drugs. Not only are biotechnology stocks lower, but so are drug stores and drug plan suppliers. But this could be creating an interesting
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Technology investor Paul Meeks is putting the brakes on his bullish forecast. Meeks sees investors getting burned by tech stocks, saying the rally has gone too far, too fast. “My issue is not fundamentals,” he said Monday on CNBC’s “Trading Nation ” segment. “It’s more about stretched valuations.” The tech-heavy Nasdaq has surged more than
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Check out the companies making headlines before the bell: Alphabet — The Google-parent reported better-than-expected earnings but its stock dropped nearly 8% in the premarket after posting a slowdown in advertising revenue growth. The company said its ad revenue grew by 15.3% in the first quarter, down from 24.4% in the year-earlier period. General Electric
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Nintendo (OTCMKTS:NTDOY) fell in last Thursday’s trading on what was seen as “ultra-conservative guidance.” Traders sold off Nintendo stock as the video- game company announced sales forecasts that came in well below analysts’ consensus estimates. Source: Shutterstock Now the gaming company finds itself at a crossroads, as gamers are increasingly losing interest in the console-based
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More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
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Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s mixed first-quarter results. Alphabet reported earnings per share of $11.90 on revenue of $36.34 billion.
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In another sleepy trading session, U.S. stock bumbled along through morning trading before drifting higher into the close. Last week was full of big earnings reports, but this week is also loaded, with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Apple (NASDAQ:AAPL) and others all reporting. Here are the top stock trades we’re watching going into Tuesday. Top Stock
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Check out the companies making headlines before the bell: Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Horton’s business unexpectedly fell. The company posted a profit of 55 cents per share. Analysts polled by Refinitiv expected earnings of 58 cents per share. Tim Horton’s sales fell 0.6% in
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[Editor’s note: This story was previously published in February 2019. It has since been updated and republished.] There’s an old saying in the financial services business that it’s better to buy a company’s stock than a company’s products if you genuinely want to become wealthy. That’s because the products are designed to make the company
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