Stock Analysis

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$CMG surged back above $400 as it appears the worst is finally over. CMG is a buy below $350 over the next three months if we see another dip.

 

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Morgan Stanley ($MS) reported fourth quarter earnings and revenues that exceeded analyst estimates, benefiting from a surge in trading activity after the presidential election.

 

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Chinese Internet search provider Baidu ($BIDU) announced the appointment of Qi Lu as Group President and Chief Operating Officer, effective immediately.

 

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Health insurer UnitedHealth ($UNH) also reported better than expected fourth quarter results and affirmed its 2017 financial outlook.

 

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Railroad operator CSX Corp. ($CSX) reported weaker than expected fourth quarter earnings but on revenues that came in above estimates.

 

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Citigroup ($C) reported fourth quarter earnings that exceeded analyst estimates, although the financial giant reported weaker than expected revenues.

 

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Discount retailer Target ($TGT) lowered its fourth quarter and full-year earnings guidance after reporting disappointing holiday sales.

 

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Railroad operator Union Pacific ($UNP) reported fourth quarter results that beat estimates on both the top and bottom lines.

 

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M&T Bank ($MTB) reported weaker than expected adjusted fourth quarter earnings, although its revenues came in above estimates.

 

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Kinder Morgan ($KMI) reported fourth quarter earnings that exceeded analyst estimates but on weaker than expected revenues.

 

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Canadian Pacific Railway ($CP) named Keith Creel President and Chief Executive Officer, effective January 31, 2017. Creel will succeed Hunter Harrison, who is retiring.

 

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Tech giant IBM ($IBM) reported fourth quarter earnings and revenues that exceeded analyst estimates, although its revenues fell for the 19th straight quarter.

 

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Consumer products giant Procter & Gamble ($PG) reported second quarter results that exceeded analyst estimates on both the top and bottom lines and raised its forecast for organic sales growth for the full year.

 

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General Electric’s ($GE) fourth quarter adjusted earnings matched expectations, although its revenues for the quarter came in below estimates. The company reaffirmed its guidance for 2017.

 

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Verizon ($VZ +0.69%) was downgraded to 'Market Perform' from 'Outperform at Wells Fargo Securities.

 

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FMC Corp. ($FMC +1.63%) was downgraded to 'Neutral' from 'Accumulate' at Seaport Global with a price target of $60.

 

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BB&T ($BBT +0.29%) was upgraded to 'Buy' from 'Neutral' at Hilliard Lyons with a 12-month target price of $51.

 

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$DRYS and $SSH were very active on Tuesday and are my top stocks to watch today. China 3x Bull (YINN) and Small Caps 3x Bull (TNA) are strong buys on all major pullbacks in 2017.

 

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China 3x Bull ETF (YINN) is now soaring back above $17 and is up 17% in 2017. YINN is a strong buy between $13-$14 if we see more downside. I sold in my trading account but will continue to hold shares over the long term.

 

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$AAPL is trading around $120 after a price target cut. AAPL is a good buy right now for the long term.