Stay Away from This FAANG Stock to Start 2020

Oil prices hit nine-month highs in response

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Market Recap
MARKET RECAP
 
 

1/03/2020
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Dow, S&P Erase Weekly Gains as U.S.-Iran Tensions Spike

By Patrick Martin
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The Dow limped into the weekend with a 233-point loss, pressured by geopolitical tensions and weaker-than-expected economic data. The blue-chip index was down over 368 points at its session low in the morning, after a U.S. airstrike killed top Iranian military commander, Qassem Soleimani. Plus, investors also digested the latest manufacturing data that fell to a 10-year low in December. But while the Dow and S&P slipped into the red on a weekly basis, the Nasdaq held on to a modest week-over-week win.

Continue reading for more on today's market, including:

  • Stay away from this FAANG stock to start 2020.
  • Tesla's Model 3 update resulted in a new record close.
  • Plus, a retail stock to avoid; checking in with two airliners; and a bull note for Humana. 
>> Continue reading...
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Iran headwinds led to selling late in the week, however
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Wall Street is also watching heightened tensions between the U.S. and Iran
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