An indifferent session ending in negative territory 10 Aug 2016
- -29.85
- open 16699.08
- high 16822.86
- low 16657.59
- USDJPY 101.35 shrugging it off and finding dip-demand into 101.00
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Defense stocks surge on backlogs, but declining margins and high valuations raise profit growth concerns.
India's rupee rules spark bank losses. Lenders face $30B unwind, risking sharp rupee gains vs. dollar.
XOM surges 36% on Mideast crisis, yielding 2.5%. Watch for price pullbacks if tensions ease.
S stock's 4.8x sales vs 13.2x avg; Wall Street sees $18-$26 upside despite recent 32% drop.
ARCC (10.7%), ET (6.9%), STWD (11%) offer monster yields. Buy the dip!
CRWD stock drops 33% on AI fears, but module adoption & 22% growth suggest AI could boost its ceiling.
Chewy's margins expand, outlook brightens, yet stock trades at low P/E. Buy signal?
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