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On November 16, the Six Swiss Exchange has given a greenlight to a new exchange-traded product (ETP) tracking multiple currencies. The global multi-crypto Amun ETP will track five major cryptocurrencies. Bitcoin will account for 50.3 percent of the ETP assets, while the rest is divided in...

In a bid to improve pay structure, pilots at American Airlines Group Inc (NASDAQ: AAL) are planning to amend the existing contract, inked in 2015, before it becomes due for renewal in early 2020. To this end, Daniel Carey, president of the Allied Pilots Association, representing its 15,...

After soaring in 2017, emerging market stocks suffered a brutal sell-off this year. A slew of problems — trade tensions, rising interest rates in the U.S., a strong dollar, China's economic slowdown and crises in Argentina and Turkey — impacted these markets. However, it...

Summary: NVIDIA Corporation (NASDAQ: NVDA) took a beating on Friday, trading 19 percent in the afternoon session. The devastation came after the company posted mixed earnings, as well as guidance that missed Wall Street expectations. However, we expect a bounce in early December, after the stock...

Allstate Corp (NYSE: ALL) expects to incur $202 million pre-tax ($160 million after tax) catastrophe loss for the month of October. These losses can be attributed to eight events at an estimated cost of $174 million, pretax. The rest of the loss pertains to unfavorable reserve re-estimates of...

Per Reuters, BMW, Vodafone Group Plc (NASDAQ: VOD) and Ericsson (NASDAQ: ERIC) have recently urged the European Commission to consider the use of 5G technology in cars. The step is a culmination of their concerns about the EU executive's preference for a Wi-Fi-based technology being used by...

Summary: Cisco Systems, Inc. (NASDAQ: CSCO) traded 6 p higher on Thursday. The company posting earnings that beat Wall Street expectations for revenue and earnings, demonstrating it was continuing to deliver on its “software as a service” business model. Given its positive...

Summary: Pan American Silver Corp. (NASDAQ: PAAS) traded 10 percent lower on Wednesday. The mining company announced that it would acquire Tahoe Resources Inc (NYSE: TAHO), which shot 48 percent higher on the news. While there may be additional near-term risk, we believe Pan...

Estimates for Synchrony Financial (NYSE: SYF) have been revised upward over the past 30 days, reflecting analysts' optimism on the stock, and the company flaunts a Zacks VGM Score of A. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted...

Alibaba Group Holding Ltd (NASDAQ: BABA) traded 3 percent higher on Tuesday. This move is based in part upon news reports that the U.S. and China have resumed preliminary trade talks. U.S. Treasury Secretary Steve Mnuchin and Chinese Vice Premier Liu He have started preparation for their...

Phillips 66 (NYSE: PSX) and Bridger Pipeline LLC have announced a joint open season for the proposed Liberty Pipeline. The pipeline, anticipated to be commissioned in the fourth quarter of 2020, will provide opportunity to shippers to secure crude oil transportation service from the Rockies and...

Raytheon Company (NYSE: RTN)'s Missile Systems business division recently secured a $74.8-million modification contract to execute the Guidance Electronics Unit (GEU) Phase III procurement under the Standard Missile-3 (SM-3) Block IIA contract. The deal was awarded by the Missile...

Yelp Inc (NYSE: YELP) got clobbered, trading 26.6% lower on Friday after posting mixed earnings and lowering its 2018 revenue guidance. The online review company reported earnings per share of $0.17 and total revenue of $241 million, compared to analyst estimates of $0.10 and $246 million....

Kevin Cook is a Senior Stock Strategist for Zacks Investment Research. Since the first stock market correction we saw this year in February through April, I've been following the research of a strategy team at investment bank Morgan Stanley headed by CIO Mike Wilson. They were right to call a...