Oil rises 1.8% as OPEC pledges decision on supply

October 10, 2019 By: Todd Mitchell

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It’s been a crazy day for US-China trade news — here’s what we know

By: Todd Mitchell

Investors’ heads are spinning because of a slew of conflicting headlines related to the U.S.-China trade talks.Dow Jones Industrial Average futures dropped more than 300 points overnight at one point. By Thursday morning, however, the Dow was up more than 150 points.Stocks jumped Thursday morning after President Donald Trump said in a tweet: “Big day of negotiations with China. They want to...

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Market may be expecting more rate cuts than the Fed will deliver, meeting minutes show

October 9, 2019 By: Todd Mitchell

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Bulls Recover Near-Term Resistance Levels on Mild Rebound

By: Todd Mitchell

U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...

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Stocks rise for the first time in 3 days as traders hope for US-China trade progress

By: Todd Mitchell

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Chart of the Day… Ulta Beauty Inc. (ULTA) is Wildly Oversold

By: Todd Mitchell

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 $230However, 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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