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Chart of the Day
L-3 Communications (LLL) is the Barchart Chart of the Day. The electronic company has a Trend Spotter buy signal, a Weighted Alpha of 20.42+ and gained 16.61% in the last year.
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WASHINGTON (AP) — Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates. (full story)
Pfizer easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 percent due to higher sales, a lower tax bill and some one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook. (full story)