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Fly Intel: Wall Street's top stories for Monday

Stocks opened with modest gains and proceeded to move in a narrow range for most of the session. With the earnings season winding down, there was little for investors to key in on. The Turkish economic crisis remained in the minds of investors although direct U.S. exposure is fairly limited. The market had an early afternoon dip, with the Dow dropping more than 100 and posting a 4-day losing streak. Oil prices fell more than 0.5% and closed just above $67 a barrel. Investors sold the commodity on concerns of slowing growth in emerging growth economies... -The Fly

Credit Suisse downgrades Akamai to Neutral after 29% rally

Credit Suisse analyst Brad Zelnick downgraded Akamai Technologies to Neutral from Outperform and lowered his price target for the shares to $84 from $88. The shares closed Friday down $2.18 to $74.66. With the stock up 29% since Elliott Management's disclosure of a stake on December 15, 2017, many of the catalysts have played out, Zelnick tells investors in a research note. The analyst views the stock's risk/reward as "increasingly balanced" at current levels. Further, he thinks "forthcoming headwinds may overshadow longer-term upside potential and... -The Fly

Europe's Thinnest Market In 18 Years Sends Ominous Signal

While US investors are fighting each other off to buy stocks (well FANG stocks), Chinese and European equity markets have suffered in recent months amid growth concerns and trade war fears. One might not know it looking at the Euro Stoxx 50 Volatility Index hovering just barely in the double digits... But, as Bloomberg's Benjamin Dow notes, larger prices swings could be coming to European stocks this month as volumes dry up. Even by August standards, it's unusually quiet. The last time Stoxx 600 volumes' 15-DMA for this particular day was lower was... -Zero Hedge

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