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The trade war is taking a big bite out of profits for Wall Street's biggest names


Added 06-12-19 02:02:07pm EST - “Companies that derive more than half their sales outside the U.S. are expected to see a 9.3% slump in earnings as the reporting season looms about a month away.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “The trade war is taking a big bite out of profits for Wall Street's biggest names”. Below is an excerpt from the article.

Companies that derive more than half their sales outside the U.S. are expected to see a 9.3% slump in earnings as the reporting season looms about a month away.

A Goldman Sachs portfolio that tracks industry-dominant "superstar" companies is beating the stock market over the last three years.

The recommended strategy will entail a bet on falling rates and rising gold, as well as against the U.S. dollar and "at some point" stocks "at least initially," Jones said.

Facebook stock dropped on a Wall Street Journal report that the company uncovered emails linking CEO Mark Zuckerberg to the social media giant's controversial privacy...

Security software vendor CrowdStrike began trading on the Nasdaq under the ticker symbol "CRWD."

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