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Jefferies says buy these quality ‘fallen angels’ trading near 10-year valuation lows

It’s been a tough year for equities as the Federal Reserve’s rate hike campaign and fears of a coming recession hit growth-oriented sectors of the market broadly. But despite a tough 2022, Jefferies says it’s time for investors to consider putting their money back in “fallen angels” with strong fundamentals and a decent growth trajectory. …

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This bear market is getting long in the tooth — here’s what is changing

Something is happening. You can feel it. The dead days, as painful as they are, seem more discreet. Rising days show a shortage of supply. Most importantly, when we hit our earnings, many companies will buy back shares and, more than ever, that could matter. If there isn’t much “above”, i.e. not much to sell, …

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Dow rallies 600 points in huge market turnaround following hot inflation data

Stocks rose in volatile trade on Thursday, rebounding from steep losses earlier in the session, as traders assessed the latest US inflation data and what it means for the Federal Reserve going forward. The Dow Jones Industrial Average rose 518 points, or 1.78%, recovering from a 500-point decline earlier in the day. The S&P 500 …

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Where Walmart, Amazon, Target are spending billions in slowing economy

A Walmart worker loads a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro fulfillment center in Salem, Massachusetts on January 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows, the classic consumer business response is to cut spending: slow …

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Dow closes lower Wednesday to end 5-day win streak, Wall Street mulls new retail data

Stocks fell on Wednesday as the rally on Wall Street that has driven prices higher since mid-June appeared to peter out as traders weighed the latest retail data and Federal Reserve minutes. The Dow Jones Industrial Average fell 171 points, or 0.5%, while the S&P 500 and Nasdaq Composite fell 0.69% and 1.15%, respectively. Equities …

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