Sector Indicator Should Give Bulls a Boost

Boeing stock is also lifting the Dow

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Opening View
 
 

5/21/2019

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Stock Futures Higher on Relaxed Huawei Restrictions

By Emma Duncan

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Following yesterday's tech sell-off, futures on the Dow Jones Industrial Average (DJI) are signaling a positive open, as U.S. officials Monday night temporarily eased trade restrictions on China’s Huawei through Aug. 19. Elsewhere, Boeing (BA) shares are pointed higher in electronic trading, on reports that a bird strike may have caused a 737 MAX crash in March. That's helping to offset what could be a negative open for Home Depot (HD) after earnings. The tech-heavy Nasdaq-100 Index (NDX) and the S&P 500 Index (SPX) are also pointed higher.

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

  • This sector indicator should give bulls a boost, per Schaeffer's Senior Market Strategist Matthew Timpane.
  • BofA-Merrill: Dump this finance stock before earnings.
  • This travel stock's "buy" signal has never been wrong.
  • Plus, the retailer swinging higher on earnings; Elon Musk's latest blow; and the auto stock seeing a post-earnings dip.
>> Continue reading...
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>> Chip Stocks Could Face Spring Headwinds
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This innovative company could help investors see some major upside.
>> Chip Stocks Sink Nasdaq Amid Huawei Drama
Google was among the U.S. companies to cut ties with Huawei
>> Sprint Put Volume Peaks as Stock Soars
FCC Chair Pai threw support behind a Sprint-T-Mobile merger
>> 2 Stocks Slammed By Analyst Bear Notes
One equity is set for its worst day ever on a Huawei-related downgrade
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