Hospital and health insurer stocks plunged in premarket trading Monday after a federal judge in Texas ruled former President Barack Obama‘s signature health law, the Affordable Care Act, unconstitutional. Shares of HCA Healthcare, the largest for-profit U.S. hospital operator, fell more than 5 percent early Monday. Shares of insurers Cigna and Humana were both down
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It’s certainly never a dull moment in the markets these days — or anywhere else for that matter. It’s hard to pick the best stocks with all these headlines tugging them in all different directions. The Chinese economy is slowing down to sub-6% growth. Brexit negotiations are in shambles. President Donald Trump’s political troubles are
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Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. “Once this volatility shows that we’re not going to resume the
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Shares of Alibaba (NYSE: BABA) started December on a positive note. The stock spiked to around $170 but reversed within one or two days. Even though it pulled back to around $152 recently, Alibaba stock is trending higher. This could signal the market’s willingness to invest in the online specialty retail giant despite the macro uncertainties. The big
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Simply put, Snap (NYSE:SNAP) and Snap stock are unmitigated disasters. I’ve written extensively about the social-media firm that has apparently turned into a camera company over the past two years. Usually, my tone was extremely negative. However, with SNAP stock price suffering such horrendous losses, I really want to say something positive about it. The
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[Editor’s note: This story was originally published December 2017. It has since been updated and republished to reflect changes in stock price.] The S&P 500 is in correction territory for the year, but its increase over the past few years has had a substantial impact on valuations. Notably, ever since the S&P’s upward rise in
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Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather, he sees stocks hitting fresh record highs — citing labor market trends, inflation levels, the
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