Analyst: This Dow Stock is a "Best Idea"

Oil prices are pulling back after a Trump tweet

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MIDDAY MARKET CHECK     2/25/2019
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Trump Trade Tweets Have Dow Eyeing Highest Close Since October By Patrick Martin Share On The Dow Jones Industrial Average (DJI) is up over 167 points at midday, on track for its highest close since Oct. 9, after U.S. President Donald Trump's tariff tweet said the March 1 trade deadline with China has been extended. POTUS also tweeted about a potential upcoming meeting between the leaders of the two countries at Mar-a-Lago. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also higher and gunning for their best closes since Nov. 7 and Oct. 17, respectively, as the latter enjoys a strong day from chip stocks with high exposure to China. Elsewhere, oil prices are pulling back after POTUS tweeted, "Oil prices are too high," telling the Organization of the Petroleum Exporting Countries (OPEC) to "please relax and take it easy." At last check, April-dated crude futures were down 3.6% at $55.18 per barrel. Continue reading for more on today's market, including: This Dow stock made it to Wedbush's "Best Ideas" list. The deal that's sparked a big day for General Electric stock. Plus, pre-earnings options bulls bet on Macy's; Aphria stock pulls back; and WDC enjoys sector tailwinds. >> Continue reading...
LATEST HEADLINES
>> Pre-Earnings Traders Target Key Macy's Chart Level Macy's has lost almost 33% of its value in the past six months >> Analyst Sees More Upside Coming For Rallying Pulse Biosciences Short interest remains very high on PLSE stock >> MU Stock Pops on Trump Tariff Announcement The semiconductor concern was higher after President Trump announced a delay in tariff hikes >> Microsoft Named One of the "Best" Stocks to Buy MSFT has had a great year on the charts >> GE Stock Set For Best Day in Years After Danaher Deal GE has added more than 50% since its early December bottom ADVERTISEMENT Surprising Law Offers "Consumer Bonus" to 121 Million Americans In the new tax reform bill, Congress quietly gave 121 million eligible Americans the chance to collect on "consumer bonuses" that max out at $3,700 for some people. This is available every year until 2025. And there are no income requirements to collect. Full details here...
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