FAANGs Quietly Show Strength in Tumultuous Period: Taking Stock [Bloomberg Business News]
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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Source: Bloomberg Business News
LISTEN TO ARTICLE 8:04 "You wanna get nuts?! C’mon, let’s get nuts !" The back-and-forth tough-guy tariff game has escalated exponentially over the past 24 hours to the point that it evokes a classic line from a Seinfeld episode where George Costanza blows his lid as various self-inflicted dramas snowball. I’d say that things are getting a little bit nuts given some of the hefty numbers being thrown around, with Trump now threatening tariffs on another $200 billion in Chinese imports (and an additional fat $200 billion if there’s any retaliation, as China has already signaled that they would do "forcefully") as well as the tense political debate over ZTE Corp., which plummeted ~25% overnight after the Senate voted 85-10 to restore penalties, complicating matters for Trump, who has aimed to ease sanctions on the Chinese telecom giant. Monday’s Taking Stock talked about how it might get harder to buy the dip if more legitimate trade
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