All posts by Todd Mitchell

Market Settled Mixed After Strong Open

U.S. markets were choppy on Wednesday following the opening rebound as concerns over the new coronavirus outbreak kept Wall Street on edge. China announced national screening measures to contain the outbreak and has quarantined the city of Wuhan with plans to shut down the airport and public transportation.On the earnings front, Citrix (CTXS) reported Q4 […]

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Market Cools After 5-session Hot Streak

U.S. markets settled mostly lower on Tuesday as trading resumed after Monday’s holiday. A risk-off tone was evident amid rising concern about the spread of the coronavirus in China and Asia. The slight bout of profit taking came after the major indexes set another fresh record highs on Friday.The Dow traded down to 29,146 while […]

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Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change. Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering. Shares […]

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Extreme Option Profits Chart of Day…Activision Blizzard (ATVI)

At the moment, Activision Blizzard (ATVI) is up to nearly $62 as share and could run even higher, with new gaming consoles coming from Sony and Microsoft.  SunTrust Robinson Humphrey analysts have a buy rating on the stock, noting strong execution for recent releases like World of Warcraft Classic, Call of Duty: Mobile and Call […]

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Bulls Keep Weekly Momentum

NYSE

The market capped off a strong week with another run to record highs on Friday as strong housing numbers helped sentiment. The small-caps struggled after closing the session lower but had the strongest week out of the major indexes.The start of the 4Q earnings season was supported by strong numbers from the Big Banks and […]

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Stocks appear detached from reality, rallying for two things that may not happen

S&P 500

The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500′s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these kinds […]

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Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners.The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two fatal […]

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Another Breakout to Record Highs

The January melt-up rally continued on Thursday as the major indexes set another round of record highs. Solid bank earnings and healthy economic news helped fuel sentiment as overbought levels from 2018 remain in play.The smart money is still enjoying the upside but is also selling selective stocks while preparing for a February fade. The […]

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Bulls Trip Another Round of All-Time Highs

S&P

U.S. markets showed strength from the start of trading ahead of the U.S. and China’s phase one trade deal official signing ceremony, which took place midday. Although some tariffs will remain in place, the threat of further escalation is out of the picture for now.White House economic adviser Kudlow said negotiations on Phase Two are […]

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Here’s what China agreed to buy from the US in the phase one trade deal

tariffs

China agreed to purchase an additional $200 billion in U.S. goods over the next two years as part of the “phase one” trade deal.The additional purchases will come on top of the 2017 U.S. export numbers.The deal stipulates that Beijing will buy $77 billion in additional goods and services in 2020 and $123 billion in […]

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