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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...
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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