Scoop Up This Chip Stock on the Dip

Tech stocks enjoyed a big rebound today

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Market Recap
 
 

5/21/2019

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Markets Get a Boost as U.S. Softens Huawei Restrictions

By Lillian Currens

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The Dow enjoyed a rebound today, with the index ending on a roughly 200-point gain, sparked in large part by the U.S.'s decision to temporarily ease restrictions on China's Huawei. The tech-rich Nasdaq finished higher as well, as the Huawei news helped boost chip stocks. Elsewhere, blue-chip concern Boeing (BA) helped boost the Dow amid reports that a bird strike may have caused its deadly 737 Max crash last March. The S&P 500 joined its index peers in the black, despite a rough day for a few retail stocks

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

  • Step into this shoe stock ahead of earnings, says analyst. 
  • Buy the dip on this chip stock
  • The FAANG partnership luring options bulls to this penny stock 
  • Plus, 2 drug stocks demolished today; option bulls flock to Aurora Cannabis; and Snapchat's C-suite shakeup. 
>> Continue reading...
LATEST HEADLINES

>> 3 Drug Stocks Seeing Unusual Options Trading Today
The FDA approved Sesen's request to move manufacturing for its bladder cancer drug
>> Hedge Fund Takes Stake In Small-Cap Payments Stock
The firm took a 12% stake in the company
>> Kroger Put Volume Spikes After Upgrade
KR stock is set to snap its longest losing streak since December
>> Option Bull Sees Big Friday Finish for This Weed Stock
Calls have been popular on the cannabis name in recent weeks
>> Penny Stock Attracts Option Bulls on FAANG Partnership
The stock could move tomorrow, too, after earnings
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