U.S. markets continued their v-shape recovery off the late December lows as the major indexes closed mostly higher on Tuesday. Optimism surrounding the Fed's monetary policy following a dinner between Fed Chair Powell and President Trump helped furl the gains. Powell said he did not discuss expectations for monetary policy, except to stress that the path of policy would depend entirely on...
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Continue reading >>U.S. markets showed continued strength to start February and ahead of the State of the Union address on Tuesday and Fed Chair Jerome Powell’s upcoming remarks on Wednesday.Earnings will also play a key role in current momentum as the major indexes continue to push fresh resistance levels. Meanwhile, volatility continues to weaken and is showing signs of ongoing near-term strength in the...
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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...
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