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Trading Ideas

Why These 3 Bank Stocks Can Take Off in 2020

January 9, 2020 admin Comments Off on Why These 3 Bank Stocks Can Take Off in 2020

Bank stocks underperformed the broader market in 2019. A changing landscape with increasing competition from fintech disruptors, low interest rates, and one-off credit events all played their part in stifling the industry’s growth. While the BANK index generated returns of more than 20%, the number still fell short of the S&P 500’s 29% increase.2020 brings with it new uncertainties, too; A U.S. presidential election, EPS volatility expected from CECL (current expected credit loss), the unavoidable change in the credit cycle, all attaching risk to financial stocks.While the sector is trading at one of the lowest multiples over the last two …read more […]

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Trading Ideas

Meghan Markle, Prince Harry to step down from roles

January 9, 2020 admin Comments Off on Meghan Markle, Prince Harry to step down from roles

The Duke and Duchess of Sussex are stepping down from their roles with the Royal Family. Meghan Markle and Prince Harry announced Wednesday that they will be taking on a “progressive new role” and splitting their family’s time between the U.K. and North America. Yahoo Finance’s Edmund Heaphy joins On the Move to discuss. …read more […]

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Business News

Trump’s tariffs cost U.S. companies $46 billion to date, data shows

January 9, 2020 admin Comments Off on Trump’s tariffs cost U.S. companies $46 billion to date, data shows

Tariffs imposed by President Donald Trump to restructure the United States’s top trade relationships have cost American companies $46 billion since February 2018, and U.S. exports of goods hit by retaliatory tariffs have fallen sharply, according to an analysis of Commerce Department data.

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