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IPhone’s falling sales will hurt a key Apple supplier, according to a Wall Street firm. Mizuho Securities lowered its rating to neutral from buy for Skyworks Solutions shares, predicting the chip maker will face pricing pressure later this year. The supplier manufactures radio frequency semiconductors, which enable the ability for smartphones to communicate with wireless
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He may see stocks soaring around 12 percent this year, but Art Hogan isn’t overlooking near-term risks that could lead to another stock market downdraft. The B. Riley FBR chief market strategist cites jitters over 10-Year Treasury note yields ticking passed 3 percent and potential Washington policy errors. He believes Wall Street is too “hyper-focused”
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Founder Mark Zuckerberg‘s apology before Congress came off as insincere, Gundlach added, and the company’s fortunes are changing. Supporters, he said, argue that “regulation outprices competition,” but Gundlach said “equity bubbles pop by regulation.” The pair trade of energy exploration and technology seems incongruous, but such efforts have paid off before. Looking at the diversion
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Citigroup upgraded shares of Caterpillar to buy from neutral on Monday, saying the industrial giant will benefit from improvements in the Chinese construction sector. “Recent outsized seasonal draws in China steel [inventories] point to improving construction sector activity,” analyst Timothy Thein wrote in a note. “Our commodities team believes a pick-up in China growth indicators
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TSMC is the largest semiconductor foundry company in the world and manufactures chips for leading technology firms such as Apple and Nvidia. Apple shares are down 1.8 percent in Thursday’s premarket session, while Nvidia is down 2.2 percent. Taiwan Semiconductor Manufacturing shares fell 5 percent. TSMC on its conference call blamed “softening” demand in the
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High-testosterone managers “trade more frequently, have a stronger preference for lottery-like stocks and are more likely to succumb to the disposition effect,” the report said, referring to the tendency of investors to sell assets at higher prices and holding onto those that have dropped in value. The researchers also found that hedge-fund investors — specifically,
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IBM slumped more than 7.5 percent Wednesday, making for the stock’s worst day since April 2013, as analysts and investors balked at lower-than-expected adjusted margins. The tech company announced better-than-expected earnings and revenue Tuesday. But IBM reported margins that, exempting one-time boosts from workforce restructuring and changes to the U.S. tax code, were mostly flat
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Zuckerberg’s testimony “raised investor concerns about the potential for government regulation of the use of consumer data,” he wrote. “The Zuckerberg hearing revealed to many government officials the scale of personal data that FB users had agreed to allow the firm to gather, raising regulatory risks. “ In addition to the regulatory challenges, Facebook and
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As President Donald Trump piles on tariff threats, China could use other tactics to strike back at U.S. businesses and the economy, like driving down its own currency or barring U.S. service sector companies, according to Goldman Sachs economists. Trump upped the ante in the trade battle between the world’s two largest economies Thursday night
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The head of macro investing at billionaire George Soros’ family office is planning to trade cryptocurrencies, Bloomberg said Friday, citing sources familiar with the matter. Soros Fund Management’s Adam Fisher received internal approval to trade digital assets in the last few months but has not taken action yet, the report said, citing sources. The firm
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