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☆ Here are some of the companies saying weight loss drugs could impact their business
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The impact of new weight loss treatments is being felt well beyond the health-care industry . During the second quarter, which beat expectations , shoppers were still focused on health and wellness, CEO Doug McMillon said Thursday. Some companies already bar weight loss medications from their insurance plans to keep costs down. Executives said it was tied to an increase in specialty drug use for weight loss and diabetes. Eli Lilly's Mounjaro hasn't yet been approved for weight loss, though some people are taking it off label for that reason.

Persons: Eli Lilly, Joe Scalzo, Scalzo, Atkins, Regeneron, George Yancopoulos, Doug McMillon, WMT, Kroger, Paul Sarvadi, Eli Lilly's Mounjaro, Stephan Tata, Tata hedged, Tata Organizations: Analysts, Novo Nordisk, Co, Simply, Atkins, Walmart, WMT KR, Kroger, Cardinal Health, Drug Administration, Tata Locations: U.S

☆ Macro improvement in China could be tailwind for oil prices in H2, says RBC's Helima Croft
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro improvement in China could be tailwind for oil prices in H2, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk on the Street' to discuss the more powerful dynamic for oil markets, the Saudis discipline with production cuts, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets Locations: China

☆ Zero-day-options, weak technicals and China: Breaking down the market’s August headwinds
▼ + stars: | 2023-08-17 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

"The S & P is not quite there, but we would be very surprised if it doesn't follow the NDX's lead." On top of that, some are worried that another real estate crisis in China may be brewing. "It's been almost two years since China Evergrande Group, once China's largest real estate developer, shocked the financial markets by defaulting on $340 billion in debt. Since then, the Chinese real estate market has been in a serious slump," wrote Ed Yardeni of Yardeni Research. Investment in real estate fell 8.5% y/y during the first seven months of this year."

Persons: Goldman Sachs, Scott Rubner, Rubner, 0DTE, Technicals, Wolfe, Rob Ginsberg, Ginsberg, It's, Ed Yardeni, we're, Sarat Sethi, Johnson, Sethi, CNBC's, — CNBC's Michael Bloom Organizations: Wolfe Research, Nasdaq, China Evergrande Group, Yardeni, Investment, U.S, JPMorgan Locations: China, U.S, Freeport, McMoRan, Haleon

☆ Stocks will charge higher as economic fears fade and bears give up, Bill Miller says
▼ + stars: | 2023-08-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Bill Miller expects a strong second-half showing from the US stock market. The Miller Value Partners founder sees a rosy economy and defeated bears driving stocks higher. "It's entirely possible that we're going to get back to a 2% inflation rate by the end of this year," Miller said during a recent live call hosted by Miller Value Partners. Miller noted that a robust first-half showing from stocks is usually followed by a similarly strong second half. The veteran fund manager predicted stocks would head higher, as bearish institutional investors swallow their doubts and pile into equities to catch up to their peers.

Persons: Bill Miller, " Miller, Miller, Legg Mason Organizations: Miller Value Partners, OneMain, Service, Federal Reserve, Nasdaq, Legg Mason Value Trust Locations: Wall, Silicon

☆ Lux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare services
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLux Capital's Josh Wolfe: If labor unions win, it'll be a tailwind for healthcare servicesCNBC's Morgan Brennan with Josh Wolfe, Lux Capital co-founder, join 'Closing Bell' to discuss the tipping point for health care, AI breakthroughs for biotech, and tailwinds for the sector.

Persons: Josh Wolfe, it'll, CNBC's Morgan Brennan Organizations: Lux Capital

☆ Walmart vs Target: When it comes to groceries it's not really a competition
▼ + stars: | 2023-08-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Walmart posted surprisingly strong sales growth in the last quarter, while Target reported a decline. As shoppers increasingly prioritize essentials, one in four US grocery dollars are spent at Walmart. When Walmart's grocery sales are combined with those of its subsidiary warehouse club Sam's Club, the total approaches a third of total US grocery spending. Target meanwhile accounts for 3% of grocery dollars, or about a tenth of Walmart Inc., per Numerator. Target sells those things too, of course, but if shoppers are already heading to Walmart for groceries, they may not want to make a second stop.

Persons: headwind, Walmart's, John David Rainey, Rainey, Target's, Sara Batchelder, Neil Saunders Organizations: Walmart, Target, Service, Costco, Walmart —, Kroger, Albertsons, Sam's Club, Walmart Inc, Target's Locations: Wall, Silicon

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ CNBC Daily Open: More obstacles for U.S. banks
▼ + stars: | 2023-08-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. consumer strong as everU.S. consumer spending in July remained healthy, according to data from the Commerce Department. Seasonally adjusted retail sales rose 0.7% for the month; economists were expecting 0.4%. Excluding autos, sales rose 1% against a 0.4% forecast.

Organizations: CNBC, bourse, Fitch, JPMorgan Chase, Bank of America, Commerce Department, U.S Locations: Russian

Japan’s Q2 GDP grows fastest in more than two yearsMarcel Thieliant, head of Asia-Pacific at Capital Economics, said the export-driven momentum in growth is unlikely to be sustained. Exports expanded 3.2% in the second quarter led by car exports and inbound tourism, while capital expenditure was flat. Strong U.S. and European demand has also supported exports while the post-COVID boom in foreign tourists has given the economy a much-needed tailwind. That boost in external demand, or net exports, added 1.8 percentage points to second quarter growth. It doesn't mean a strong recovery in Japanese economy," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.

Persons: Kim Kyung, Marcel Thieliant, Thieliant, Takumi Tsunoda, Shigeyuki Goto, Goto, Tetsushi Kajimoto, Pasit Kongkunakornkul, Sam Holmes Organizations: REUTERS, TOKYO, Capital Economics, Private, U.S, Shinkin Central Bank Research Institute, The Bank of Japan, Thomson Locations: Tokyo, Japan, Asia, China

☆ Barclays names the global stocks benefitting from falling inflation — and gives two 60% upside
▼ + stars: | 2023-08-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays identified several European stocks that it says could benefit from an environment of falling inflation. As interest rates remain elevated, inflation is expected to fall further toward the European Central Bank's 2% target in the coming months. The below table highlights 10 "disinflation winners" from Barclays with the biggest upside: Delivery Hero Among the stocks highlighted, shares of food delivery company Delivery Hero had the biggest upside potential. Lloyds Banking Group Barclays expects shares of U.K.-based lender Lloyds Banking Group to rise 64% over the next 12 months to £0.70 ($0.89). Together with falling provision risks we expect higher profits to drive outsized capital returns," said Barclays' analysts led by Aman Rakka in a note to clients on July 27.

Persons: Emmanuel Cau, Andrew Ross, Aman Rakka, Larissa van Deventer Organizations: Barclays, Central, Lloyds Banking Group Barclays, Lloyds Banking Group, Lloyds, Legal, General Barclays Locations: U.S

☆ Bank of America survey signals investors are overconfident and stocks' ‘strong tailwind’ is over
▼ + stars: | 2023-08-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

"Bear positioning strong tailwind for risk assets in H1…not the case in H2," Hartnett wrote in a summary of the closely watched survey. Cash allocations have dropped to 4.8% of portfolios, below the 5% dividing line that has traditionally been a buy signal. Even if there is a recession, managers expect it to be mild, with 65% expecting a "soft landing." Allocation to stocks is the least underweight as a share of portfolios since April 2022 and up 13 percentage points from July. The survey was taken Aug. 4-10 and entailed 247 panelists with $635 billion in assets under management.

Persons: Michael Hartnett, Hartnett, REITs, Lehman Organizations: Bank of America, Survey, FMS

☆ David Einhorn is worried about the market, sees stickier inflation than expected
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said he's getting concerned about the stock market after a strong rally and has added sizable downside protection to his portfolio. Between January and June, the S & P 500 popped 15.9% for its best first half since 2019. Einhorn, 54, believes inflation remains a big risk even though data has suggested easing price pressures. Recent inflation readings have shown a noted deceleration and the tailwind from higher rents is likely to dissipate, causing core inflation to fall further," Einhorn said. "Even so, we believe inflation is stickier and more entrenched than the market is currently appraising."

Persons: Greenlight Capital's David Einhorn, he's, Einhorn, Michael Burry Organizations: CNBC, Green Brick Partners, Nasdaq, Trust, NET

☆ Japan’s economic growth beats forecasts as exports zoom
▼ + stars: | 2023-08-14 | by ( ) edition.cnn.com time to read: +3 min

While the headline GDP data provides some relief to policymakers seeking to balance economic growth with sustainable inflation, it masks underlying weakness in the household sector. Marcel Thieliant, head of Asia-Pacific at Capital Economics, said the export-driven momentum in growth is unlikely to be sustained. Exports expanded 3.2% in the second quarter led by car exports and inbound tourism, while capital expenditure was flat. Strong US and European demand has also supported exports while the post-COVID boom in foreign tourists has given the economy a much-needed tailwind. That boost in external demand, or net exports, added 1.8 percentage points to second quarter growth.

Persons: Marcel Thieliant, ” Thieliant, ”, Takumi Tsunoda, Shigeyuki Goto, ” Goto Organizations: Tokyo Reuters, Capital Economics, Private, Shinkin Central Bank Research Institute, The Bank of Japan Locations: Tokyo, Asia, China

☆ Morning Bid: Soft landing fatigue
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +3 min

Positive economic data tends to move stock markets, either by fueling rallies, or prompting a temporary sell-off as traders take profits. But Wall Street stock markets ended Thursday flat. Futures point to mild declines for the S&P 500 and the Nasdaq 100 on Friday. The S&P 500 has risen 16% year-to-date. Analysts have cut their estimates for S&P 500 companies' 2023 earnings by about 15% since the end of last year, Capital Economics says.

Persons: Brendan McDermid, Naomi Rovnick, Emmanuel Cau, Cau, Ned Davis, Elaine Hardcastle Organizations: New York Stock Exchange, REUTERS, Nasdaq, Barclays, Economics, Capital Economics, Ned Davis Research, U.S Federal Reserve, Reuters Graphics Reuters, Reuters, University of Michigan, Thomson Locations: New York City, U.S, Tuscany

☆ Analysis: US stock gains may grow elusive as boost from inflation slowdown wanes
▼ + stars: | 2023-08-10 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 (.SPX) has gained more than 16% on a year-to-date basis, though it was last trading largely flat on Thursday. The latest CPI report "is good news. However, another CPI report is due to be released before that meeting. The CPI report is "obviously positive for the markets," said Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest Wealth Management. The month of August has delivered on average the third-lowest return for the S&P 500 since 1945, with September ranking as the lowest, according to CFRA Research.

Persons: Carlo Allegri, Jack Ablin, Guy LeBas, Janney Montgomery Scott, LeBas, Paul Nolte, Murphy, Refinitiv, Barry Bannister, Bannister, Lewis Krauskopf, Karen Brettell, Ira Iosebashvili, Paul Simao Organizations: REUTERS, Federal, CPI, Cresset, Sylvest Wealth Management, Research, Thomson Locations: Manhattan, New York City , New York, U.S, Jackson Hole , Wyoming

☆ Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
▼ + stars: | 2023-08-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Homeowners' equity is the highest it's been in 25 years, which could provide a cushion as consumer savings dwindle. That trend could be set to continue as the massive accumulation of home equity provides a lifeline that consumers can tap into if things get tough. Bankrate data shows that home equity lines of credit, or HELOCs, are currently carrying an average rate close to 7%. Home equity revolving credit balances climbed for the fourth straight quarter leading up to March 2023, which presents another factor that could help sustain consumer spending. Now, real estate accounts for about 25% of total household assets, and despite deteriorating savings, still-rising equity presents a potential path forward for consumers to keep spending, Quinlan and Seery said.

Persons: Tim Quinlan, Shannon Seery, that's, Quinlan, Seery Organizations: Soaring, Service, Homeowners, Federal Reserve Board, Wells Locations: Wells, Wall, Silicon, Wells Fargo

We're selling 200 shares of Halliburton (HAL) at roughly $40.64 each Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,400 shares of HAL, decreasing its weighting to 1.97% from 2.24%. HAL YTD mountain Halliburton YTD performance Supporting the energy trade of late has been the impressive recovery in oil and natural gas . The recent move in HAL and our energy stocks has us feeling a little greedy about our three positions, which also at one point this year were in the red. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.

Persons: Jim Cramer's, Halliburton, We'll, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Technology, West Texas, Coterra, Natural Resources, CNBC, Getty Locations: Stillwater , Oklahoma

☆ BMO names this software stock as a top pick, citing A.I. tailwinds
▼ + stars: | 2023-08-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Adobe could be another generative AI winner, according to BMO Capital Markets. Analyst Keith Bachman named Adobe its top pick in a Tuesday note, replacing Palo Alto Networks . "For ADBE, we believe that generative AI can be a meaningful tailwind to net new ARR, starting mostly in FY24. Generative AI can also help with the price and mix of Creative Cloud solutions, according to the analyst. Bachman raised his price target on shares to $600 from $575, implying more than 13% upside from Monday's close.

Persons: Keith Bachman, Bachman, —, Michael Bloom Organizations: BMO Capital Markets, Adobe, Palo Alto Networks, BMO

☆ Goldman Sachs: These 18 companies have double-digit upside in the best market for stock-pickers since 2016
▼ + stars: | 2023-08-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 18 stocks with double-digit upside right now, according to Goldman Sachs. Investors taking a top-down look at markets to find opportunities should study individual stocks instead, according to Goldman Sachs. Fund managers usually fare best when stock dispersion is high. The richest 20% of stocks across market sectors trades at a 30x earnings multiple, which is nearly triple that of the bottom quintile, according to Goldman Sachs. Goldman Sachs highlighted 25 stocks set to separate themselves the most from their index — either to the upside or downside.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman Sachs Goldman Sachs isn't, Morgan Stanley, Mike Wilson, Morgan Stanley's, Goldman, Wilson, Kosting, it's Organizations: Investors, Fund

☆ Here are Tuesday's biggest analyst calls: Apple, Home Depot, Tesla, Adobe, Walmart, Disney and more
▼ + stars: | 2023-08-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's still bullish heading into Walmart earnings Aug. 17. Deutsche Bank reiterates Estée Lauder as buy Deutsche Bank said it sees a "difficult" quarter when Estée Lauder reports earnings next week. Citi opens a negative catalyst watch on Spirit Airlines Citi opened a negative catalyst watch on the discount airline and said it sees a "bumpy ride" to gain regulatory approval for the merger with JetBlue. Citi reiterates TJX Companies as buy Citi said it's bullish heading into earnings next week. JPMorgan downgrades Freshpet to neutral from overweight JPMorgan said it downgraded Freshpet mainly on valuation.

Persons: Tesla, We'll, Truist, DraftKings, Ralph Lauren, Morgan Stanley, it's, Fisker, Estée Lauder, Telsey, JPMorgan Organizations: BMO, Adobe, Bank of America, of America, Management, Walmart, UW, Deutsche Bank, Citi, Spirit Airlines Citi, JetBlue, Watch, JPMorgan, Boston, Networks, Disney, UBS, Apple, FX, TJX Companies, Cellular, USM, US Cellular Locations: China, Orlando

☆ 54 million Americans have been in credit card debt for at least a year. Here are the best payoff strategies
▼ + stars: | 2023-08-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

While balances are higher , more cardholders are also carrying debt from month to month, according to a new Bankrate report . On the heels of another rate hike by the Federal Reserve , the average credit card rate is now more than 20% on average, an all-time high , making it even harder to dig out of debt. Snag a 0% balance transfer credit card"My top tip is to sign up for a 0% balance transfer card," Rossman said. Cards offering 12, 15 or even 21 months with no interest on transferred balances are one of the best weapons Americans have in the battle against credit card debt, added Matt Schulz, LendingTree's chief credit analyst. To make the most of a balance transfer, aggressively pay down the balance during the introductory period.

Persons: Ted Rossman, Rossman, Matt Schulz, LendingTree's, Schulz, There's Organizations: Federal Reserve, CNBC, YouTube

☆ Caterpillar warns of lower sales, margins in third quarter
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Aug 1 (Reuters) - Caterpillar Inc (CAT.N) warned of a fall in third-quarter sales and margins on Tuesday as dealer inventories rose again, stoking worries that demand for its heavy machinery used in everything from construction to mining may have peaked. Caterpillar, seen as a proxy for global economic activity, said on Tuesday it was expecting third-quarter sales and operating profit margin to be higher than in the previous year, but lower compared to the second quarter. The manufacturer reported a $600 million increase in dealer inventory in the second quarter from a year earlier, primarily in its energy and transportation business, as drilling at North American rigs shows signs of weakening. Meanwhile, Caterpillar reported an adjusted profit of $5.55 per share in the second quarter, beating analysts' expectations of $4.58 per share. Sales rose 21.6% to $17.32 billion, above Wall Street estimates of $16.49 billion.

Persons: stoking, Ryan Keeney, Bianca Flowers, Shivansh, Anil D'Silva Organizations: Caterpillar Inc, Caterpillar, Thomson

☆ Toyota nearly doubles Q1 profit, China remains challenging
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

The world's top-selling automaker said operating profit for the three months through June totalled 1.12 trillion yen ($7.85 billion), an increase of 94% from a year earlier, beating the average 945.22 billion yen profit estimate in a poll of 10 analysts by Refinitiv. Last year's operating profit was 578.66 billion yen in the first quarter. Toyota maintained its forecast for a 3.0 trillion yen profit for the current year, as the conditions it faced had not changed greatly from three months earlier. That forecast compared to a 3.6 trillion yen average forecast from 23 analysts. In North America, another key market, Toyota said it had benefited from pent-up demand among consumers as the impact of a post-pandemic chip shortage wanes.

Persons: Daniel Leussink, David Dolan, Miral Organizations: Toyota, Refinitiv, Lexus, Thomson Locations: TOKYO, China, North America, Japan

☆ Shares of these 2 global stocks could soar over 30% as bankruptcies begin to rise, analysts say
▼ + stars: | 2023-08-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Company insolvencies are on the rise in Britain , and analysts are expecting two U.K.-based consultancies to be major beneficiaries. Earlier in the month, Begbies Traynor beat its rival and delivered a double-digit annual growth rate. Begbies Traynor Analysts expect Begbies Traynor's core insolvency division to benefit from rising U.K. insolvencies as economic conditions worsen. BEG-GB FRP-GB YTD line Analysts at Canaccord Genuity and Stifel echoed that view, saying that Begbies Traynor is strongly positioned, with over 80% of revenue derived from counter-cyclical insolvency services. The bank raised its forecasts for the firm's earnings for the rest of the year and expects FRP's stock to rise by 47% to £1.75.

Persons: Begbies Traynor, FRP, —, James Bayliss, Bayliss, Stifel, Sam Dindol, Berenberg Organizations: Bank of England, FRP, FRP Advisory Locations: Britain, United States, Canaccord

☆ Tech's done well this year — and Goldman Sachs says these 6 stocks have even further to go
▼ + stars: | 2023-08-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech stocks have already had a strong year, but one corner of the sector has more "appealing" opportunities in store for investors, according to Goldman Sachs. Software stocks that Goldman covers have already soared 37% in the year to date, said the bank in a July 21 note. Goldman added that software companies are more "adequately set up to outperform" in the second quarter and for the rest of the year. This sets the stage for a potential return to the more normalized beat-and-raise cadence typically associated with software companies," the bank's analysts said. Six software stocks Goldman said these stocks still offer strong investment opportunities: Adobe , Salesforce , Monday.com , Microsoft , ServiceNow , Workday .

Persons: Goldman Sachs, Goldman, they'll, — CNBC's Michael Bloom Organizations: Software, Microsoft, Adobe

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