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Added on the 19/01/2016 18:38:21 - Copyright : Wochit
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
Falling oil prices dragged down energy shares. But the major indices still posted gains for the week, as Fred Katayama reports.
Oil prices would have to bounce back to $60 a barrel for U.S. oil producers to generate a good rate of return, says S&P Capital IQ's Stewart Glickman. Fred Katayama reports.
US Secretary of State Antony Blinken says that the country's ambassador in Moscow, Lynne Tracy, was able to visit Wall Street Journal reporter Evan Gershkovich in prison. "I can report based on what Ambassador Tracy has said that he's in good health and good spirits, considering the circumstances. We continue to call for his immediate release from this unjust detention," Blinken told reporters in Japan after G7 talks. SOUNDBITE
New York, Oct 15 (EFE / EPA) .- (CAMERA: Justin Lane) Wall Street opened Friday in green and the Dow Jones of Industrialists, its main indicator, rose 0.83% encouraged by the quarterly reports from large US banks.
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