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3M Signals Downtrend on Relatively High Valuations

  The share price of 3M Company (NYSE: MMM) ended the Wednesday’s trading session at $177.59. The stock has failed thrice in as many months to break the resistance at 182. However, the share price of Post-it notes manufacturer continues

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Euro Signals Uptrend on Improvement in Business Sentiment

  The EURJPY currency pair, which was consolidating at 113 levels, fell last Friday when the IHS Markit reported a decline in the Euro zone’s flash PMI (Purchase Managers Index) reading to 52.6 in September, from 52.9 in August. The

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Teva Indicates Bullish Reversal on Attractive Valuations

  The shares of Copaxone drug manufacturer, Teva Pharmaceutical Industries Limited (NYSE:TEVA), which closed at $50.34 on Monday, is just $3 away from the 12-month low of 48.01. The share price of Teva rallied 10% to $56 in mid-July when

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GoPro Remains Bearish on Declining Sales

  The stock of action-camera manufacturer GoPro (NASDAQ:GPRO) has risen by nearly 40% in the past two weeks to finish at $17.01 on Monday. Ironically, the rise in the share price began after the company reported a swing to a

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Pound to Remain Weak as BoE Prepares for Rate Cut

  In spite of voting to exit from the EU, the UK’s economy performed well in the second-quarter. The consumer spending increased, thereby leading to a GDP growth rate of 2.2% y-o-y in the second-quarter. Even the trade deficit declined

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Salesforce Remains Bearish on Loss of HP’s CRM Contract

  On the last day of August, the cloud computing company Salesforce.com (NYSE:CRM) reported an increase in the fiscal 2017 second-quarter earnings and revenue, compared to corresponding quarter of fiscal 2016. The Q2 2017 results also topped analysts’ estimates. However,

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Kiwi Rises as Chances of Rate Cut by RBNZ Turns Bleak

  The surge in the US dollar on the basis of an increase in the US consumer prices in August shifted the investors focus away from the riskier commodity based assets such as the New Zealand dollar. The rise in

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Overbeaten Starbucks Signals Reversal on Q4 EPS View

  The share price of Starbucks Corporation (NASDAQ:SBUX), which ended Monday at $53.01, have lost nearly 20% of its value in the past one year. The management issued a caution at the end of the second-quarter stating that the changes

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GE Signals Uptrend on $1.9 Billion Turbine Order From UK

  The share price of multinational engineering giant General Electric (NYSE:GE) peaked two days before the declaration of fiscal 2016 second-quarter results that exceeded the analysts’ estimates. The stock was unable to consolidate near the 12-month high of $33 and

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Ruble Strengthens on Growth in Industrial Production

  Last Thursday, analysts and market participants were closely watching the series of economic data reported by the US institutions to assess the possibility of a FED rate hike in the weeks ahead. The mixed economic data indicates that the

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