Morningstar: Two FAANG Stocks Are ‘Incredibly Cheap’

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🚨 🚨 #Morningstar strategist says Two FAANG stocks look incredibly #cheap right now and believes the massive sell-off in Big Tech this year could now be #overdone
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Foreign Investors Dump Chinese Bonds

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🇨🇳 🇨🇳 #Bond #Buyers Take Note: #Overseas #investors #cut #holdings of #Chinese sovereign #bonds for a fifth month in June, the longest string of #outflows on #record
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America’s “Green” Hotel Is Here

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🚨 🚨 #Hotel #Marcel #New #Haven, part of Hilton’s Tapestry Collection, utilizes on-site #solar #power sources to meet all its electricity needs, resulting in #zero #carbon #emissions
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BofA Says Small Caps Index Is Overeold

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🇺🇸 🇺🇸 BREAKING: #Bank of #America Turns #Bullish On Russell 2000 #Small #Cap Index. Bank says Index looks oversold in price-to-earnings (P/E) terms compared with prior recessions
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European Tech Co Books €8.46B Of Orders

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🚨 🚨 #European #Tech Company Books €8.46 billion of orders in the 2Q – A Record
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Tesla Sells Off Majority Of Bitcoin

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🚨 🚨 #Tesla Sells #Majority Of #Bitcoin: “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency”
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Bearish Oil? Think Again

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🛢 🛢 #Oil markets remain in #backwardation, a #bullish pattern marked by near-term prices trading above longer-dated ones. Brent’s prompt spread — the difference between its two nearest contracts — was $4.52 a barrel, up from $2.88 a month ago
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Goldman Hires Former Australian Treasurer

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🇺🇸 🇺🇸 #Goldman Sachs has appointed former #Australian #Treasurer Josh Frydenberg as a senior regional adviser for the Asia-Pacific region
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ADB Cuts Asia’s Growth Forecasts

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🌏 🌏 BREAKING: The #Asian #Development #Bank has cut its economic growth forecasts for developing Asia, reflecting “worsened” prospects because of the war in Ukraine, faster monetary policy tightening in advanced economies and China’s Covid lockdowns
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