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Nasdaq Caps a $7 Trillion Decade With Its Best Rally In 10 Years

(Bloomberg) — In a decade of extreme wealth creation in markets, few assets did more to enrich investors than stocks in the Nasdaq 100 Index. Their combined value jumped by more than $7 trillion, ending with the best year since the bull run began.Powered by a near-doubling in Apple Inc. and gains exceeding 50% in Microsoft Corp. and Facebook Inc., the tech-heavy gauge surged 38% over the past 12 months, the biggest increase since 2009.Technology companies needed 15 years to recover from the dot-com crash, coming full circle in 2015. Since then, they’ve doubled again. But for all the rampant …read more […]

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Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs

Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, 3 Axis co-founder Eric Pachman said. More price increases are expected to be announced later this week, which could affect the median and range. …read more […]

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Analyst: 3 Predictions for Internet Stocks in 2020

The clock is ticking down on 2019, and you know what that means: It’s time for Wall Street analysts to tempt fate, clamber out on limbs, and make predictions about what will happen in 2020.Unable to overcome the temptation, Rosenblatt internet analyst Mark Zgutowicz joined the parade of prognosticators, with a few predictions about Facebook, Spotify, and Shopify, too. Here’s what he had to say:Facebook (FB)2019 saw presidential candidates Elizabeth Warren and Bernie Sanders (and even Facebook co-founder Chris Hughes) publicly call for breaking up Facebook to reduce its monopoly power in social networking — but Zgutowicz doesn’t think it …read more […]

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Is the Party Over? Here Are 10 Stocks to Avoid Now

It’s hard to believe there are only a handful of hours left in 2019.
And what a year it’s been!
Over the past several weeks, my focus has been on helping investors position themselves for the biggest possible gains in 2020.
And we’re seeing this pay off.
In mid-November, I wrote about 10 small caps expected to see revenue grow at least 100% in 2020. Even though Sage Therapeutics (Nasdaq: SAGE) has buckled and Tellurian (Nasdaq: TELL) has slipped since then, the rest have gained…

In fact, GSX Techedu (NYSE: GSX) has broken out, surging 50% and setting new 52-week highs!
But those aren’t the only …read more […]