by Dorian Holden | Oct 3, 2019 | Markets
The trade war is about to intensify. Only this time, it’s happening with the European Union. While we wait for signs of cooling trade war tensions at the U.S. China meeting next week, the U.S. is imposing tariffs on EU goods. In fact, according to the Office of...
by Jamie Johnson | Oct 2, 2019 | Markets
A JP Morgan analyst issued a word of warning about McDonald’s third-quarter earnings. This week, shares of McDonald’s fell slightly after a JP Morgan analyst questioned the company’s pending third-quarter results. Analyst John Ivankoe lowered his guidance for...
by Dorian Holden | Oct 2, 2019 | Markets
Look out below. The Dow Jones just broke below its 50-day moving average, and could easily test its 200-day average at 25,830. Should that fail to hold, the next line of support doesn’t surface until 24,680 – or about 2,000 points than where we are right...
by Dorian Holden | Oct 1, 2019 | Markets
Major indices are red. Investors are running to the exits, eyes covered. All as the Dow slips 330 points. The NASDAQ shed 88, as the S&P 500 falls 35 points. All thanks to U.S. manufacturing woes that have investor fearing a recession. The...
by Jamie Johnson | Oct 1, 2019 | Markets
This week the company announced it is filing for Chapter 11 bankruptcy protection. For many companies, it’s tough to be in the retail business right now. This is undoubtedly the case for Forever 21, which announced it is filing for Chapter 11 bankruptcy this week. ...
by Dorian Holden | Oct 1, 2019 | Markets
Brokerage stocks are having one of their worst days on record. TD Ameritrade for example is down 21%, or $9.74 to just under $40. E-Trade Financial is down nearly 18%, or $7.68 to $36 a share. Charles Schwab Corporation just slipped 8% to $38.37. Even...
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