Apple's (AAPL) stock has rallied by nearly 20% since its Jan. 3 lows. Now the technical chart suggests that the stock can continue to recover to as high as $182. The company delivered first quarter results that were in line with its lowered guidance. However, more important was that fiscal second quarter revenue guidance was only 3.5% below analysts' consensus estimates, not the disaster the...
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General Electric just had its best month ever. Shares rose just over 34 percent in January — the largest monthly gain in the company's 127-year history. January's jump was in large part due to the company's fourth-quarter revenue beat, boosted by strong performance from the aviation business.But January's performance notwithstanding, it hasn't exactly been smooth sailing for the company, to put...
Continue reading >>U.S. markets closed mostly higher on Friday following a strong jobs report and positive comments on trade by House National Economic Council director Larry Kudlow. He said President Trump is optimistic about the prospect of a trade agreement with China following the good vibe of trade talks. The Dow rose 0.3% after testing a high of 25,193. Fresh and lower resistance at 25,250-25,500 held on the...
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Continue reading >>U.S. markets showed strength throughout Wednesday’s session following good corporate earnings and the Fed’s unanimous decision to stand pat on interest rates.The major indexes cleared major resistance levels while breaking out of a two-week trading range and getting the 200-day moving averages back in play. Meanwhile, volatility tested near-term support levels but remains trapped...
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