Analyst: This Pharma Stock is "Remarkably Cheap"

Schaeffer's Midday Market Check

Data showed weekly crude inventories rose again last week

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Midday Market Check
 
 

6/12/2019

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Oil Prices Nosedive, Dow Dips Again

By Karee Venema

Share On

The Dow Jones Industrial Average (DJI) is lower at midday, as traders digest the latest inflation data, putting the blue-chip index on track for back-to-back losses. While downside for the Dow is modest thanks to big gains from pharma stocks Johnson & Johnson (JNJ) and Merck (MRK), oil prices are making a notable move south after data showed a second consecutive weekly rise in domestic crude inventories. At last check, July-dated crude is down 2.9% at $51.71 per barrel.

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

  • Put buyers see new lows for sinking Dave & Buster's stock.
  • Analyst: This pharma stock is "remarkably cheap."
  • Plus, Teva legal troubles spark heavy options volume; Tailored Brands drops ahead of earnings; and analysts rush to raise Alteryx price targets.
>> Continue reading...
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