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Second quarter earnings season has delivered robust profits despite the recessionary concerns that have roiled the market in recent days. Now, Wolfe Research recommends a handful of stocks that are positioned to outperform in the back half of the year. Here are some of the stocks that made the Wolfe Research screen: Apple was the only "Magnificent Seven" stock that made Wolfe's screen. Zoetis also appeared on the Wolfe screen. Duke Energy , which also reported quarterly results that beat expectations last week, also made Wolfe's screen.
Persons: Chris Senyek, Wolfe, Apple, Luca Maestri, Kellanova, FactSet, Mars, Snickers –, CNBC's David Faber, Hershey, althought, Zoetis Organizations: Wolfe Research, Apple, LSEG, Pfizer Animal Health, Duke Energy Locations: Chicago, New Jersey, North Carolina
Cryptocurrencies dropped on Monday morning after the CFTC sued Binance, the biggest crypto exchange in the world, for allegedly violating trading rules. The price of bitcoin slid 2.5% to $27,142.29, according to Coin Metrics. In a court filing, the CFTC, or the Commodity Futures and Trading Commission, said Binance violated eight provisions of a commodities trading law "designed to prevent and detect money laundering and terrorism financing." It's the largest crypto exchange and any U.S. regulatory action against it will have huge implications for the industry," she said. "Many knew Binance had a bullseye on its back, but this is still unnerving some crypto traders," said Ed Moya, an analyst at Oanda.
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