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U.S. markets settled higher following the “official” start to the 3Q earnings season, which saw better than expected results from the Healthcare and Financial sectors. The solid start to the earnings season trumped concerns about a report that China aims to have the U.S. roll-back some existing tariffs before committing to added agricultural purchases.The major indexes once again pushed...
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Continue reading >>After a poor third quarter earnings report, and a reduction to its outlook, ULTA fell out of favor with investors – and fast. In fact, investors forced the stock from a high of $340 to $230 However, it now appears the stock is greatly oversold – with great insider buying to boot. Over the last week, CEO and Director Mary Dillon bought $308,000 worth of stock. Director Charles Heilbronn also...
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U.S. markets were choppy throughout Monday’s action following reports that China was cautioning that the phase one trade agreement with the U.S. was not a deal at all, but simply represented progress toward a deal. Treasury Secretary Steve Mnuchin tried to downplay that view, acknowledging that while the deal hadn't been fully documented and signed, he viewed it as a substantial agreement which...
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Stocks opened lower on Monday as new worries around a U.S.-China trade agreement emerge despite Friday’s announcements.The Dow Jones Industrial Average fell 52 points at the open, or 0.2%. The S&P 500 slid 0.1% along with the Nasdaq Composite. Monday’s decline came after a surge for stocks in the previous session. The S&P 500 and Nasdaq both gained more than 1%. The Dow,...
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