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But data on China and the global economy was less cheery, with a private gauge showing activity in China’s manufacturing sector cooling in June and moving into contraction territory. “Economic.
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On this wider view, the Nasdaq has thus far sustained the late-October gap to record territory. The index continues to trend atop the 20-day moving average, currently 6,691. Delving deeper, firmer.
Cowen’s top picks among “deep-value themed stocks” are Burlington Stores Inc. BURL, -0.04% , Ross Stores Inc. ROST, -0.23% , Wal-Mart Stores Inc. WMT, +0.10% , McDonald’s and Monster Beverage. and.
Moving to the small-caps, the iShares Russell 2000 ETF has rallied less impressively than the S&P 500 and Nasdaq Composite. This is the lone widely-tracked U.S. benchmark still capped by the 200-day.
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