Analyst: Drop This Oversold Retail Stock

Powell said the Fed is ready to "act as appropriate" to support the economy

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MIDDAY MARKET CHECK     6/04/2019
Perfect Stock Caught Trading Under Secret Name... It trades under a secret name... for just $3. But thanks to a developing situation involving Donald Trump, America's No. 1 tech company and $10 billion... this may soon be the most talked-about stock in America. Find out more about the "secret stock" here.
Dow Climbs 431 Points as Rate Cut Buzz Swirls By Karee Venema Share On The Dow Jones Industrial Average (DJI) is red-hot today, up more than 400 points as easing trade worries spark the risk-on session. Dovish comments from Fed Chair Jerome Powell are only fanning the bullish flames, with the head of the central bank earlier saying it's prepared to "act as appropriate" to support economic growth -- which some are are reading as potential support for an interest rate cut. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, too, as tech stocks bounce back. Continue reading for more on today's market, including:  Analyst: Drop this oversold retail stock. CBD buzz is boosting Sorrento Therapeutics. Plus, GM options in overdrive; Lands' End swings higher; and the energy stock at the top of the Big Board. >> Continue reading...
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