Here’s the no. 1 S&P 500 sector to steer clear of here, market bull Jeff Saut says

Here’s the no. 1 S&P 500 sector to steer clear of here, market bull Jeff Saut says

Stocks are within a whisker of all-time highs.The S&P 500 ended Friday just 0.2% from records after bouncing more than 1% for the week.But, top market bull Jeffrey Saut isn’t trusting one outperforming sector that carried the index to these heights.”I’m not a big fan of utilities here,” Saut, chief investment strategist at Capital Wealth…

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70,000 ceiling followers equipped at Lowe’s recalled due to the blades can soar off

70,000 ceiling followers equipped at Lowe’s recalled due to the blades can soar off

Joel Shannon USA TODAY Published 1:37 PM EST Feb 15, 2020 About 70,000 ceiling fans exclusively sold by Lowe’s have been recalled following more than 200 reports of broken or flying fan blades. The recall notice, announced by the U.S. Consumer Product Safety Commission on Thursday, affects the Harbor Breeze 48-inch Santa Ana ceiling fan, manufactured by…

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Germany’s economy stagnated within the fourth quarter

Germany’s economy stagnated within the fourth quarter

Germany’s economy stalled in the fourth quarter, the German statistics office Destatis said Friday. The country’s gross domestic product remained flat at 0.0% compared with the previous quarter, according to Destatis. This is below economists’ expectations of a 0.1% expansion in The Wall Street Journal’s survey. Weak manufacturing-orders and industrial-production data in December had raised…

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Alibaba Beats Q3 Profit Forecast On Anecdote Singles Day and Cloud Computing Revenues

Alibaba Beats Q3 Profit Forecast On Anecdote Singles Day and Cloud Computing Revenues

Alibaba Group Holding Co. (BABA) – Get Report posted stronger-than-expected third quarter earnings Thursday after a record Singles Day shopping event and rising cloud computing revenues helped boost profits for Asia’s biggest tech company.Shares in the group dipped lower, however, after CEO Daniel Zhang called the ongoing coronavirus outbreak a “black swan” event that will have a “significant…

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