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These 2 Penny Stocks Could Rally All the Way to $11, Says Cantor

Is more volatility on tap for stocks? Following a three-week losing streak, the longest in about a year, all eyes are on the market. The three major U.S. stock indexes have struggled for the last few weeks as the titans of tech, which have fueled the charge forward from COVID-induced lows, came under pressure due to overheated valuations, with market watchers waiting to see how renewed lockdown fears will come into play.So, what’s the bottom line for investors? Even though uncertainty remains as Wall Street gears up for the fourth quarter, the pros are pounding the table on a select …read more […]

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Morgan Stanley Warns Nasdaq 100 May Fall More Than 20% From Peak

(Bloomberg) — The tech-led selloff in U.S. equities is likely only halfway done, according to the Morgan Stanley strategist whose warning last month about the top-heavy market now appears prescient.Down 13% from its Sept. 2 high, the Nasdaq 100 has tumbled below its 50-day average and is underperforming the S&P 500 for the first time in a year. Yet deeper losses may be ahead because the selloff has yet to clear out the positive sentiment that bubbled up in the past few months during its historic rally, according to Mike Wilson, the bank’s chief U.S. equity strategist.The tech-heavy gauge is …read more […]

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Occidental to pay dividend to Buffett's Berkshire in cash, not stock

Occidental Petroleum Corp said on Monday it will pay a $200 million quarterly dividend to Warren Buffett’s Berkshire Hathaway Inc in cash instead of common stock, even as the company tries to reduce debt following a plunge in oil prices. In a regulatory filing, Occidental said the payment on its perpetual preferred stock would be made on Oct. 15. Berkshire bought $10 billion of Occidental preferred stock in August 2019, helping fund the Houston-based company’s $35.7 billion acquisition of Anadarko Petroleum Corp. …read more […]

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Top 5 Best Apps for Trading Stocks

The best apps for trading stocks have a variety of tools and resources for all investors. There’s an app for anyone and everyone, no matter your experience level within the stock market.
Mobile investing applications have become extremely popular. And they’re attracting more younger investors than ever before.

Popular Apps for Trading Stocks
Mobile investing presents a wide range of benefits. It’s quick, easy and available to everyone for minimal fees. And in some cases, it’s commission-free with no fees at all.
These apps are consistently topping the Apple and Android charts as investing grows in popularity amongst young people. The time of delivery …read more […]

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Microsoft's Bethesda Buy Beats TikTok Any Day

(Bloomberg Opinion) — Ask enough gamers about their favorite console and this is what you’ll generally learn: Those who play Xbox tend to love it and stay loyal to that system, but PlayStation has the best games. Microsoft Corp., Xbox’s parent company, is betting $7.5 billion that it can change that perception.Microsoft agreed on Monday to acquire ZeniMax Media Inc., the owner of popular video-game publisher Bethesda Softworks, for $7.5 billion in cash. The deal has PlayStation fans worried that their favorite franchises — namely The Elder Scrolls, Fallout and Doom — could become Xbox exclusive. But the transaction is …read more […]

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Oracle Deal for U.S. TikTok in Doubt After Trump, China Remarks

(Bloomberg) — Doubts emerged Monday about Oracle Corp.’s deal to take over TikTok as President Donald Trump said he may still renege on his approval and the Chinese government signaled reluctance through state-owned media.Treasury Secretary Steven Mnuchin remains confident that Trump will sign off on the transaction, but U.S. national security officials continue to raise concerns that the data of more than 100 million American users would remain in the hands of a Chinese firm, according to four people familiar with the matter.U.S. officials are bracing for Trump to reject the deal if it becomes obvious that it doesn’t meet …read more […]

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3 Big Dividend Stocks Yielding Over 8%; Jefferies Says ‘Buy’

Bob Dylan sang, “There’s too much confusion, I can’t get no relief,” and that is a good way to describe the condition of the markets right now.Investors must interpret a range of conflicting signals. Macroeconomic data is rising – unemployment is falling, consumer confidence and spending are up – and indications are, the economy is recovering quickly from the sharp recession we experienced earlier this year. That goes hand-in-hand with a perception that COVID-19 is beginning to face back, and there are signs that another lockdown may be coming. Will there be a national policy? Or will we see a …read more […]