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The third-quarter earnings parade continues. According to data compiled by FactSet, 73% of S&P 500 listed companies have reported better-than-expected earnings, and 66% have announced better revenue than had been anticipated among professional analysts. Overall, that’s a pretty good track record. However, there have been plenty of hits and misses among some notable names this
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An official gauge of China’s manufacturing activity unexpectedly fell into contraction after rising to expansion territory for one month in September, signaling renewed weakness in the sector. China’s official manufacturing purchasing managers’ index fell to 49.5 in October from 50.2 in September, the National Bureau of Statistics said Tuesday. A reading above 50 indicates an
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It’s been a challenging time for the real estate investment trust (REIT) market in 2023. Higher interest rates make it much more expensive to service debt. Investors are demanding higher yields on their stocks, which pushes down share prices. And lower share prices, in turn, make it harder for REITs to issue new equity to
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An indirect but interesting way to invest in the electric vehicle (EV) boom is through shares of high-conviction lithium miners. Thus, you may have heard about multinational specialty chemical and lithium company Albermarle (NYSE:ALB), but we definitely don’t consider it to be high-conviction. Indeed, we’re seeing major issues with ALB stock and can only give it
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SYDNEY — Australian carrier Qantas Airways QAN, +0.74% said that it sold tickets for flights that it knew had been canceled because of internal systems’ shortcomings rather than for financial gain. Qantas, which faces legal action over the issue following allegations by Australia’s consumer watchdog, on Monday said that its systems had been unable to
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Cloud computing, artificial intelligence, autonomous systems and other emerging innovations that reshape our lives and economies remain a focal point for investors seeking robust growth. With top tech stocks constantly innovating, allocation to the sector is mandatory. However, rapid innovation also causes massive disruption. Indeed, some incumbents face competition from new entrants with superior technologies.
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