Drug Stock Could See Another Massive Rebound

Walmart earnings came in above the consensus estimate

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OPENING VIEW     8/15/2019
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Stock Futures Hold Gains After Strong Retail Sales By Patrick Martin Share On Dow Jones Industrial Average (DJI) futures are signaling a higher open, as upbeat trade headlines help ease the sting of yesterday's ugly stock sell-off. Earlier today, a spokesperson for China's Ministry of Foreign Affairs expressed “hopes the U.S. will meet China halfway and implement the consensus reached by the two leaders during their meeting in Osaka.” The blue-chip index is also getting a boost from Walmart (WMT), after the retail giant reported second-quarter earnings, revenue, and same-store sales that were above analyst expectations. Elsewhere, U.S. productivity rose 2.3% in the second quarter, surpassing the 1.5% expected gain, while retail sales jumped 0.7% in July -- more than the estimated 0.3% increase. Continue reading for more on today's market, including:  Options traders piled on these sinking stocks. This drug stock could see another massive rebound. Checking in with the financial sector after the inverted yield curve. Plus, more troubling headlines for GE; Alibaba set for another post-earnings pop; and Buffett boosts stake in Amazon.com. >> Continue reading...
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