737 Buzz Draws Boeing Options Bulls

Fed Chair Jerome Powell will speak later this morning

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OPENING VIEW     8/23/2019
David Stockman: "We're on the verge of the worst American crisis in nearly a century…" ADebt is skyrocketing. The stock market is teetering on the edge. And Donald Trump is seeing his presidency self-destruct before his eyes. All of this adds up to a VERY dangerous situation for your wealth and your democracy. That's why former White House official David Stockman is sending out FREE copies of his urgent new book, Peak Trump: The Undrainable Swamp and The Fantasy of MAGA (a $26.99 value), today. Learn the truth before it's too late. See how to claim your FREE copy here.
Stock Futures Crumble After Latest China Trade Jab By Patrick Martin Share On Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop out of the gate, under pressure from renewed trade tensions with China. Wall Street seemed ripe for healthy gains ahead of this morning's speech from Fed Chair Jerome Powell, but stock futures immediately pivoted lower after China announced it was ready to raise tariffs on $75 billion in U.S. goods, including automobiles. The tariffs will range from 5% to 10%, and go into effect on Sept. 1 and Dec. 15, the same dates U.S. import duties on Chinese goods are set to increase. Oil prices are careening, too, with October-dated crude futures down 2.9% at $53.73 per barrel. Continue reading for more on today's market, including:  737 buzz attracted Boeing options bulls. L Brands options traders set a floor as the retail stock slumped. Traders more than doubled their money during Starbucks' latest surge. Plus, bull notes roll in for Salesforce after earnings; Facebook in hot water again; and Foot Locker eyes new low after dismal earnings. >> Continue reading...
LATEST HEADLINES
>> Stocks End Mixed Ahead of Powell Speech Regional Fed presidents don't currently see the need for more rate cuts >> Starbucks Option Traders Locked in a 244% Profit in Under 3 Months We recommended the August 75 call in late May >> 737 Buzz Draws Options Bulls to Booming Boeing Reports suggest the blue chip is ready to ramp up 737 MAX production by early next year >> L Brands Options Traders Set a Floor as Stock Slumps The retail stock hit a multi-year low earlier >> ULTA Shares Feel Long-Term Support Before Earnings ULTA earnings are due out in a week Sponsored If You Need Your Money in the Next 5 Years… America is at a crossroads. The middle-class is disappearing… government spending is out of control… and the implosion of Bubble Finance will cause the greatest market crash in history. So, if you need access to your nest egg in the next 5 years and can't afford another market crash it's time to take matters into your own hands. Find out what to do, right here.
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