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Crude's Climb & STX Earnings Set Bar Higher for Mag 7 Earnings
Description
Pressure's on for the Mag 7. Kevin Green points out that most of the names reporting today historically traded lower a week after earnings, all while stocks currently trade in an all-time high stock market. One company showing little signs of weakness: Seagate (STX), where shares rally strong in the premarket following its blockbuster earnings. On crude oil, KG talks about why the spread between Brent and WTI thinning is something investors need to watch.
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