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Microsoft Corporation is still trying its hand at hardware despite the massive losses its efforts have produced so far. The one bright spot in the firm’s hardware mire has been the Xbox One. The home console segment, despite massive losses to Sony in market share, is still a success. Just because it’s a success in…
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The price of crude oil is at a six-year low, and big oil stocks like ConocoPhillips and Total SA (ADR) are finally cheap enough to consider nibbling. That’s what Citigroup analyst Alastair Syme told clients in a briefing. This was Citi’s first bullish assessment of energy stocks since the start of 2011. Markets in the…
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While it appears the Fed is getting set to throw an interest rate hike at the economy later this year, most strategists, including yours truly, see little chance of a rapid rise over the next 18-24 months. Investors will still need to contend with risk-free yields that hardly light the world on fire. To compensate…
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BlackBerry Ltd , traders are jumping on the back of a new rumor on Thursday morning. On Wednesday Cisco Systems Inc. CEO Chuck Robbins said that his firm was going to invest in cyber security. Those with shares in BlackBerry are hoping that means buying into mobile handsets too. Mr. Robbins made the comments after revealing…
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SPDR Gold Trust (ETF) had a nice bump yesterday after the index closed with gains of 1.40% at $107.75. The gains contrast sharply with weak global demand for gold in the second quarter and it is unlikely that the ETF will keep yesterday’s gain in today’s session. CNBC reports that the global demand for gold…
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Update 16:01 EDT: The market is now closed. Apple ended the day down 0.81 percent at $131. Update 16:07 EDT: Remember that Apple will probably keep us waiting until around 16:30 EDT. That’s the usual trend. If you’re looking for something to do until then, have a look at Chipotle after hours. Update 16:08 EDT:…
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Tesla Motors Inc shares were down strongly on Tuesday morning after a downgrade rocked the market’s confidence in Elon Musk’s firm. UBS reigned in its already bearish view on Tesla Motors in a report issued early on Tuesday morning. The analysts said that Tesla would not be able to spur demand in the years ahead….
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Tesla Motors Inc CEO Elon Musk likely doesn’t need much more money, but when he gets his salary from the EV firm, it might pinch a little. Assuming his check arrives once a month, Mr. Musk cashes in a little over eight cents every pay period, but he has earned a whole lot more. Mr….
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The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was up in pre-market trading on Thursday morning as the US markets headed into earnings season and China’s market rebounded. The rally comes as the index dropped below its January 1 value once again in trading on Thursday. Jobless claims also arrived on Thursday morning and, through their…
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World Wrestling Entertainment, Inc. (NYSE:WWE) is a buy according to Wells Fargo (NYSE:WFC). In a new report, the financial institution said that investors “STILL” aren’t giving the sports entertainment promotion enough credit on Wall Street as there is a tremendous upside to the stock. Wells Fargo Champions WWE On Wednesday, Wells Fargo initiated coverage of…
