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Saturday, October 21, 2017

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A Stock Market Break? These Indices Say No

By michael lombardi, published on Jun 12, 2014

... advancement is that it’s blue chips that are pushing through to new record highs.

Speculative fervor in several sectors has diminished, but hasn’t completely disappeared. But it’s the big brand-name companies—a lot of which pay dividends—that just keep on trucking as institutional investors buy earnings safety, and outlook reliability and are betting on revenue and earnings acceleration going into 2015.

Union Pacific Corporation (UNP), a benchmark railroad stock, just hit another new record high on the stock market, breaking through the $100.00-per-share level.... (more)

Tags: china, stock market, u.s. economy, earnings, dow jones, earnings season, blue chips, dividends, institutional investors, investor sentiment, old economy

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