Bulls Eye Major Upside for Booming Weed Stock

Schaeffer's Opening View

May-dated crude is trading more than 2% higher this morning

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4/22/2019

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Boeing Pressures Dow Futures; Oil Prices Surge

By Karee Venema

Share On

Dow Jones Industrial Average (DJI) futures are signaling a lower start, under pressure from Boeing (BA). The blue-chip stock is off 1.2% in electronic trading, after a New York Times article over the weekend suggested "shoddy production" at a factory that makes BA's 787 Dreamliner. Futures on the S&P 500 Index (SPX) are pointed lower, too, ahead of a historically down day for the index. Traders are also returning from the long holiday weekend focused on surging oil prices, with May-dated crude futures up 2.2% at $65.43 per barrel on reports the U.S. will terminate sanction wavers for certain countries that have imported Iranian oil.

Continue reading for more on today's market, including: 

  • Options bulls see major upside for this booming weed stock.
  • One Chinese stock that could make a big move this week.
  • 2 reasons CVS Health stock could be headed even lower.
  • Plus, Kimberly-Clark eyes new highs; Halliburton's earnings impress; and a downgrade for D.R. Horton.
>> Continue reading...
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