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Global Investing Roundups
Visa and MasterCard Settle Up; Daimler’s Plant Closures; Apple’s Christmas Bargain; Johnson Controls’ Weak Outlook; Gas Prices Down 23% From July; U.S. Budget Deficit the Highest Ever; Pepsi Fizzles
- Visa Inc. (V) and MasterCard Inc. (MA) have settled an antitrust suit with Discover Financial Services Inc. (DFS) rather than go to trial, sending Discover shares up almost 13% yesterday (Tuesday). Discover had filed a lawsuit against the two credit card processors seeking $6 billion in damages. The suit alleged that MasterCard and Visa prevented member banks from issuing Discover cards, Reuters reported.
- Daimler AG (DAI) yesterday (Tuesday) announced it would cut 3,500 jobs and close two…
Profit Today from Bullish Cup and Handle Pattern
The Cup with Handle is a relatively new technical pattern, the innovation of IBD founder, William O’Neil. There are many who claim for and against the pattern, but we like it for the potential it offers when grouped with other techniques as part of a more comprehensive analysis. The Cup and Handle is a consolidation pattern that indicates a breakout is imminent.
Let’s walk through the details of the Cup with Handle using a number of charts that currently exhibit the pattern.
To start, take a look at PepsiCo’s (NYSE:PEP) last six months trading. Here we see the first of many…
17Sep2008 | Oxbury Research | Comments Off | Continued
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