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  • Trader bets against Apple — here’s how low he thinks it will go
    Business
    CNBC.com

    Trader bets against Apple — here’s how low he thinks it will go

    Here's how one trader is shorting Apple    32 Mins Ago | 01:53 Apple is having its worst month since April 2016, and Todd Gordon of TradingAnalysis.com says the charts are hinting at even more downside ahead for the tech giant. "Apple broke down pretty sharply here, and it looks like we want to go back and retest some lower levels," he said Thursday on CNBC's "Trading Nation." The stock has fallen almost 3 percent in the last week, the drop spurred by poor reviews of the company's new iPhone 8 and Apple Watch products. But while Apple rallied to all-time highs at the beginning of the month, Gordon says the stock could actually give up all of its pre-earnings gains. In other words, Gordon thinks

  • It’s a Bad Time to Be a Big Jet
    Business
    Bloomberg

    It’s a Bad Time to Be a Big Jet

    For the better part of a decade, the skies have grown increasingly hostile to jumbo jets such as Boeing Co.’s 747 and Airbus SE’s A380. Now the fuel-efficient planes intended to replace those behemoths are also encountering resistance. Interest in Boeing’s 777X, a revamped version of its biggest wide-body set to begin deliveries in 2020, is flagging. And in recent weeks, United Airlines and Cathay Pacific Airways Ltd. together have scratched 41 orders for the Airbus A350-1000, a twin-aisle plane designed to carry about 370 passengers, leaving Airbus with only 171 orders for the model. “We’re seeing sluggish demand” for the biggest planes, Steven Udvar-Házy, chairman of U.S jet-financing giant

  • JPMorgan, Bank Of America Lead 4 Bank Stocks Near Buy Points After Fed Moves
    Business
    Investor's Business Daily

    JPMorgan, Bank Of America Lead 4 Bank Stocks Near Buy Points After Fed Moves

    JPMorgan (JPM), Bank of America (BAC), Morgan Stanley (MS) hovered near buy points on Thursday following the Federal Reserve decision to begin paring its massive bond holdings and sticking to a hawkish forecast for raising interest rates. PNC Financial Services (PNC) is moving into a buy zone, joining Citigroup (C). JPMorgan, which climbed 0.4% to 95.02 in morning trade in the stock market today, is in a flat base with a 95.32 buy point. Bank of America, whose large U.S. operations make it sensitive to the Fed's rate hikes, is in a shallow base with a 25.45 buy point. BofA shares edged up 1 cent to 25.07. Morgan Stanley is in a shallow base with a 49 buy point. Morgan Stanley dipped 4 cents to