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Continue reading >>The stock market shrugged off a weak first half of trading to close higher on Thursday and snap a two-session losing streak. Better-than-expected news on jobless claims provided some relief as unemployment benefits dropped to a one-year low.This was a positive sign that the U.S. economy is on the verge of stronger growth as the public health situation from the coronavirus improves. Meanwhile,...
Continue reading >>Keep an eye on Electronic Arts (EA). The stock has become exceptionally oversold after pulling back from $150 to $127.50. From here, we’d like to see it challenge its prior highs, especially with the video game market expected to grow even more this year. Video game spending in the U.S. totaled $56.9 billion for 2020. That was 27% higher year over year, according to NPD. In...
Continue reading >>The stock market traded in a tight range on Tuesday before selling pressure returned in the final hour to give the victory to the bears. Rising coronavirus cases overseas prompted an extended lockdown in Germany while commentary from Fed Chair Powell and Treasury Secretary Yellen weighed on sentiment. Powell and Yellen both stated more must be done to limit the damage from the coronavirus...
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Continue reading >>The stock market traded in a tight range on Tuesday before selling pressure returned in the final hour to give the victory to the bears. Rising coronavirus cases overseas prompted an extended lockdown in Germany while commentary from Fed Chair Powell and Treasury Secretary Yellen weighed on sentiment.Powell and Yellen both stated more must be done to limit the damage from the coronavirus pandemic...
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