Research Firm: Buyer Beware of This Biotech

Over in the U.K., all eyes are on Prime Minister Theresa May's resignation

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OPENING VIEW     5/24/2019
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Dow Futures Higher on Trump Trade Comments By Emma Duncan Share On Dow Jones Industrial Average (DJI) futures are finally eyeing a positive open, after President Donald Trump said the trade war with China could be resolved soon, and a trade deal could result in relaxed restrictions on China's Huawei. He did, however, reiterate the security threat from the Chinese firm, calling it "very dangerous." Meanwhile, traders are digesting a smaller-than-expected drop in durable goods orders in April. Overseas, news that U.K. Prime Minister Theresa May will resign on June 7 has investors buzzing. May will be stepping down after a handful of attempts to reach a Brexit agreement failed. Despite today's positive open, all three indexes are pacing for a steep weekly loss. Continue reading for more on today's market, including:  Research Firm: "Buyer beware" of this biotech. Options volume ran hot after a ROKU bull note. A short seller expects 70% downside for this stock. Plus, J.P. Morgan Securities weighs in on ROST; the FAANG stock expected to hit $3,000; and Alibaba gets a prestigious bull note. >> Continue reading...
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