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Yahoo BusinessSep 18, 2020
Wells Fargo: These 2 Stocks Could Deliver Triple-Digit Wins
Was the recent market volatility just a fake out? After notching an all-time high on September 2, fears related to overheated valuations spurred a rapid correction, marking the first material correction of the current bull market. However, this doesn't mean the bears have been vindicated, so says Wells Fargo's Sameer Samana.Samana highlights the fact that both the S&P 500 and the NASDAQ "were able to hold above the levels we saw in June," arguing "from a higher highs, higher lows standpoint, the fact you were able to hold at higher levels than June or July is encouraging." He added, "Right away, it tells a lot to investors, nothing is wrong with the trend, we just got a blowoff and kind of a pullback."On top of this, the absorption of 10-year and 30-year Treasury issuances, recent M&A activity and easing of financial conditions like the volatility indexes and the dollar are all "helping sentiment on the day and leading to a rebound from the volatility over the past week or two," in Samana's opinion.With Samana's outlook in mind, we took a closer look at two stocks Wells Fargo is backing. The firm's analysts see over 100% upside potential in store for each. We usedĀ TipRanks' databaseĀ to find out what the rest of the Street has to say.Bellicum Pharmaceuticals (BLCM)Developing high-performance cellular immunotherapies, Bellicum Pharmaceuticals wants to unleash their power against a wide range of cancers. Given the progress of its controllable CAR-T therapeutic pipeline, Wells Fargo is pounding the table on this hea

MarketWatch MarketPulseSep 18, 2020
Leading U.S. economic index slips in August, signaling economy may be losing steam
The leading economic index rose 1.2% in August, the Conference Board said Friday. This is a slower pace than the revised 2% rise in July and 3.1% gain in June. "The slowing of the improvement suggests that this summer's economic rebound may be losing steam heading into the final stretch of 2020," said Ataman Ozyildirim, director of business cycles research at the board. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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