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Category Archives: Investment Advisor

A ‘boring’ economy is setting stocks up for a winning year, Barclays top economist says

Top Wall Street economist Michael Gapen believes the market’s record rally has stamina. The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver. “We’re kind of sitting at a trend-like outlook where growth is … Continue reading

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Big Tech is worth over $5 trillion now that Alphabet has joined the four comma club

Even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever. On Thursday, Alphabet topped $1 trillion in market value, becoming the fourth U.S. technology company to … Continue reading

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Morgan Stanley shares jump after massive beat on fourth-quarter profit

Morgan Stanley shares popped after the firm exceeded analysts’ profit estimates and each of its three main businesses produced more revenue than expected. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with … Continue reading

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JP Morgan beats analysts’ estimate for fourth-quarter profit on record Wall Street revenue

J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on a strong rebound in trading revenue at the end of 2019. The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared to the … Continue reading

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Delta’s fourth-quarter profit beats estimates thanks to cheaper fuel and strong travel demand

Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel demand — particularly for high-priced premium tickets — lifted the Atlanta-based carrier’s results and boosted shares more than 4% in premarket trading. — … Continue reading

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