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Okta (NASDAQ:OKTA) is a cloud software company that provides identity and access management services, putting it in the scorching hot software-as-a-service arena. Source: Michael Vi / Shutterstock.com Although shares of Okta are up 80% year-to-date, the company’s market capitalization of $14 billion puts the stock at the higher end of mid-cap territory, one of the
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Stocks advanced to close the week amid a slew of favorable economic data points and as President Trump said a formal signing of Phase I of a trade accord between the U.S. and China is being arranged, allaying fears that the agreement would be delayed. Source: Provided by Finviz The S&P 500 advanced 0.49% The
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Global technology giant IBM (NYSE:IBM) performed great during the first three quarters of 2019. From January to September, IBM stock rattled off a 30% gain as investors became enthusiastic about the company’s acquisition of Red Hat. They thought the deal would usher in a new era of sustainable growth by IBM. Source: Twin Design /
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Nike sneakers on display Mike Pont | Bloomberg | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — U.S. Steel shares dropped 8.1% after the company cut its dividend and issued fourth-quarter earnings guidance that was well below analyst expectations. The company expects it will lose $1.15 per share in the
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It’s true that the markets continue to rise, and stocks keep hitting new highs almost daily. It’s also true that we haven’t had a recession in almost a decade, which is very rare. But that doesn’t mean you should be complacent. Newton’s Law of gravity still endures. And next might be positive, but expectations aren’t
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Okta (NASDAQ:OKTA) stock has struggled since peaking in July. It showed signs of recovering in the latter part of November. Still, trade concerns killed that rally, and its decline accelerated despite its positive fiscal Q3 results which it unveiled on Dec. 5. Source: Lori Butcher / Shutterstock.com Nonetheless, this shows  why investors need to differentiate
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Democratic presidential candidates do not seem particularly concerned about Americans’ retirement savings accounts, CNBC’s Jim Cramer said Friday. “I listened to the Democratic debate last night. None of those candidates, I find, is really interested in your 401(k),” Cramer said on “Squawk on the Street.” Seven candidates qualified for Thursday’s primary debate in Los Angeles,
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The pattern of bullish-leaning opens for U.S. stock futures continues this morning. Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average and S&P 500 are higher by 0.15%. Nasdaq Composite futures have gained 0.29%. In the options pits, call volume surged to a level that nearly doubled total put trading. Approximately
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Shopify (NYSE:SHOP), which operates a platform that provides eCommerce services to small businesses, seems unstoppable. The company now has a market value of $45 billion. This compares to eBay’s (NASDAQ:EBAY) $29 billion. In fact, among eCommerce companies, Shopify stock has the second-highest value. Source: justplay1412 / Shutterstock.com Keep in mind that the return for the
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