Dec. 11 (Bloomberg) — Robert Prechter, founder of Elliott Wave International Inc., talks with Bloomberg’s Betty Liu about asset price bubbles. Prechter also discusses the outlook for the U.S. stock market and his investment strategy. (This report is an excerpt. Source: Bloomberg)
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This morning, the investment firm Kaufman Brothers upgraded shares of Yahoo! (YHOO) from Hold to Buy as the online advertising market could be turning the corner. The improving economy has led to improvements in pricing and demand during the fourth quarter and the firm’s checks have sho...
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Retailer Christopher & Banks (CBK) announced preliminary third quarter results. Same store sales fell just 8.4%, compared to the company’s previous expectations for a decline in the low to mid teens.
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Keep an eye on shares of Citigroup (C) this morning, as investors are pushing the stock higher in anticipation of the banks repayment of the funds it borrowed under the Troubled Asset Relief Program. Citi is reportedly planning to raise $20 billion in new equity to help it pay back the ...
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The majors are extending yesterday’s gains Friday. Retail sales rose more than expected in November. In earnings news, National Semiconductor reported a 30% jump in second quarter profit. Boeing’s 787 “Dreamliner” could make its maiden flight as early as Tuesday. Meanwhile, Biogen’s cha...
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Dutch bank and insurer ING announced on Friday that it intends to repay 5.56 billion Euro, or $7.4 billion, in government bailout money on December 21 by raising cash from investors. The represents a sum of half of what ING received from the government a year ago, plus interest.
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The Commerce Department announced on Friday that retail sales increased by 1.3 percent in November. Analysts had expected an increase of 0.6 percent.
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America Online yesterday regained its status as an independent company, completing its spinoff from Time Warner. America Online and Time Warner will now trade as two separate stocks, bringing an end to the one of the history’s worst business mergers.
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