2 Stocks Analysts Love Today

The U.S. has extended a temporary reprieve to Huawei

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Midday Market Check
MIDDAY MARKET CHECK
 
 

8/19/2019
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Dow Continues Recovery as Tech Stocks Rally

By Lillian Currens

Share On

The Dow Jones Industrial Average (DJI) has tacked on nearly 265 points at midday, amid news that the U.S. will offer a 90-day reprieve to Huawei, allowing the Chinese company to buy from American suppliers. Today's gain is led by Apple (AAPL), which is surging after a discussion between President Donald Trump and CEO Tim Cook, in which Trump said Cook made a "good case" against the imposition of additional tariffs on Chinese goods. Elsewhere, traders are cheering a rebound in Treasury yields, and China's key interest rate reform to lower borrowing costs. Against this backdrop, the tech-rich Nasdaq Composite (IXIC) and the S&P 500 Index (SPX) are also in the black.

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

  • The food service stock scaling the NYSE on activist interest. 
  • 2 retail stocks raking in bullish analyst notes today. 
  • Plus, option bulls hop on RIG stock; DPW quadruples; and PCG stock plummets on bankruptcy buzz. 
>> Continue reading...
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