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Stocks Like These 4 Could “Take Off” If They Breach This Technical Level

This group of stocks has been facing mighty headwinds recently, but the technical picture says the group is gearing up to surge higher.

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Bed Bath & Beyond Shares Are Tanking After Retailer Says It’s “Experiencing Short-Term Pain”

Plus, the coronavirus finally has a name, Carnival Cruise Line said that the virus outbreak could dent full-year earnings, and Nissan is suing former Chairman Carlos Ghosn.

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Telecommunication

Sprint Is Surging Higher After Judge Approves Merger With T-Mobile

Plus, Fed Chairman Jerome Powell said the central bank is “closely monitoring” the effects of the coronavirus outbreak, and Under Armour shares are sinking after athletic apparel maker said it expects low-single digit sales growth this year.

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Xerox Just Upped Its Bid For HP To Nearly $35 Billion

Plus, Simon Property Group is acquiring Taubman Centers for $3.6 billion, and Eli Lilly shares are down after a failed trial for its Alzheimer’s drug candidate.

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Trade War

Twitter Shares Are Soaring After Earnings & Active Users Beat

Plus, China announced it will halve tariffs on $75 billion worth of U.S. goods, and Yum! Brands warned that it could fall short of its outlook as the coronavirus outbreak weighs on its sales in China.

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