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Reuters Company NewsSep 20, 2019
EMERGING MARKETS-India tax break, China rate cut lift stocks; FX rises
A surge in Indian shares led emerging markets higher on Friday, after the government announced deep cuts in corporate taxes to revive flagging growth, while a widely expected domestic interest rate cut from China added to the chipper mood.

MarketWatch MarketPulseSep 20, 2019
Pound climbs after EC's Juncker says 'we can have a deal' on Brexit
The British pound jumped against rivals on Friday after European Commission President Jean-Claude Juncker said a Brexit deal was possible. Juncker made the comments in an interview with Sky News late Thursday and the remarks reassured some investors who are worried a no-deal Brexit for Britain was a growing possibility. "I had a meeting with Boris Johnson, the prime minster. this was a rather positive meeting, although the British press was reporting it in the other way. We can have a deal," he said. U.K. Prime Minister Johnson held talks with Juncker earlier this week. The pound rose 0.3% against the dollar to $1.2571 and gained 0.3% against the euro to 1.1344.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchSep 20, 2019
Mark Hulbert: Two-thirds of these corporate insiders now expect a U.S. recession by the end of 2020
Fading CFO optimism is a warning sign for U.S. stocks and the economy, writes Mark Hulbert.

KiplingerSep 19, 2019
7 ‘Strong Buy' Oil Stocks to Buy Now
Oil stocks have been put through the volatility wringer of late.

On Sept. 14, drones attacked a key processing facility in Abqaiq as well as an oil field in Khurais, temporarily knocking out about 5.7 million barrels of Saudi daily production. That represents half of Saudi Arabia's output and approximately 5% of global oil supply, so unsurprisingly, the news sent U.S. crude oil prices soaring by almost 15% on Sept. 16 - the largest gain in more than 30 years.

But a day later, oil pulled back nearly 6% following Saudi Energy Minister Prince Abdulaziz bin Salman's announcement that the country's oil production will be back at normal levels by the end of September. Crude closed another 2% lower Sept. 18.

Was this merely a quick flash in the pan for energy investors? Maybe. But heightened regional tensions still could bode well for oil prices in the coming months. And Citi analysts argue that the attacks highlight a fundamental problem for the kingdom's oil production. "No matter whether it takes Saudi Arabia five days or a lot longer to get oil back into production, there is but one rational takeaway from this weekend's drone attacks on the Kingdom's infrastructure - that infrastructure is highly vulnerable to attack, and the market has been persistently mispricing oil," they write.

Here are seven analyst-loved oil stocks to buy in this volatile energy environment. Here, we've used TipRanks' stock screener to find energy stocks that have earned a Strong Buy consensus rating from the analyst community over the past three months. We'll examine each one, including price targets and what the pros are saying about their potential.

SEE ALSO: 25 Dividend Stocks That Analysts Love the Most


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MarketWatch MarketPulseSep 19, 2019
U.S. leading economic indicator index flat in August, trends point to continued but slow growth
The leading economic index was flat in August after a big gain in the prior month, the Conference Board said Thursday. The recent performance of the index is consistent with "a slow but still expanding economy," said Ataman Ozyildirim, senior director for economic research at the Conference Board. Strength in housing permits and credit growth offset weakness from manufacturing.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchSep 19, 2019
Market Snapshot: Stocks lose steam to end near unchanged after S&P 500 nears record territory
U.S. stocks struggled to hold on to modest gains on Thursday as investors weighed better-than-expected housing and manufacturing data, a day after the second interest rate cut of 2019 by the Federal Reserve.

MarketWatch MarketPulseSep 19, 2019
Jim Chanos announces short position in GrubHub
Legendary short-seller Jim Chanos of Kynikos Associates on Thursday announced his fund has taken a short position in online food-delivery company GrubHub Inc. during the CNBC Institutional Investor Delivery Alpha conference, arguing that the company is "making almost no money per order, it's something like 15 cents." Chanos said that the company's financial position will only worsen from here as labor costs rise, in part due to new regulations that could classify gig-economy workers as employees rather than independent contractors. He also cited stiff competition from Uber Inc. , whose Uber Eats division has been growing revenue in the food-delivery business at a rapid pace. Chanos said that GrubHub does not have the financial "wherewithal" that Uber does and that competing with Uber "is like being locked in a cage with a psychopath with an ax." GrubHub shares fell 5.5% during Thursday trade.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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