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Home improvement retailer Home Depot will report its earnings next Tuesday and shoppers who sought to improve their homes during lockdown are expected to have lifted the firm’s revenues. Sales for the second quarter are expected to come in at $33.31bn, up 8% from the $30.84bn the company reported a year ago, while earnings are…
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We’re now towards the end of the second-quarter earnings season. Last week several key companies reported their quarterly performance and the chief executives told us how their company’s performed and how they saw the economy. Hotel operator Marriott posted a wider-than-expected loss of $234m in the second quarter while its revenues plunged 72% year over…
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Todd Gordon, managing director at Ascent Wealth Partners expects Visa stock to rally another 7% by next month as the “duopoly business” benefits from boosted digital transactions and e-commerce spending. The payments industry is dominated by market leader Visa and runner up Mastercard that hold a formidable 45% and 24.5% share respectively in global card…
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L Brands, the owner of Victoria’s Secret and Bath & Body Works, is expected to report a fall in revenues and a net loss when the fashion retailer reports next Wednesday as lockdowns continue to weigh on its outlets. But despite falling revenues, L Brand shares are up sharply for the year as investors give…
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Rumour has it that a lot of people made money by trading with Bitcoin and investing. Those that are making good money are reportedly using a trading robot known as Bitcoin Digital. For the record, a trading robot is a piece of software that automatically conducts trading on behalf of users. In This Guide Bitcoin…
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The S&P 500 has staged a remarkable rebound, gaining almost 50% from its late-March lows and is just short of the all-time high it hit in February. What are strategists watching as the S&P 500 is just 1.5% away from its record level? Its been a volatile year for US stock markets. In March, US…
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A number of new initial public offerings (IPO) report this week and could be buys into earnings, according to analysts. During an interview with CNBC’s Trading Nation on Monday, Boris Schlossberg, director of FX strategy at BK Asset Management, and Craig Johnson, chief market technician for Piper Sandler, shared their insights about which shares are…
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Donald Trump (pictured) has lit a fire under Microsoft to complete its takeover of TikTok after signing an executive order late on Thursday that bans Americans from dealing with the Chinese social media network. The order comes into effect in 45 days. The US president signed the document, which applies to ByteDance owned TikTok and…
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Exchange-traded funds (ETFs) now hold more gold than any country in the world apart from the US as the price of yellow metal broke through $2,000. Investors have flocked to these financial vehicles, which hold gold either through derivative products such as futures and options or by buying bullion directly, as the price of gold…
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While some analysts have been cautioning on the valuation of US tech stocks, Rick Sherlund vice chairman of technology investment banking at Bank of America feels that tech stocks are not in a bubble and hold long term potential. Sherlund who’s an investment banker with Bank of America has been a star analyst and for…
