The China Stock Expected to Surge 50%

The latest second-quarter GDP reading met expectations

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8/29/2019

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China Trade Comments Boost Stock Futures

By Patrick Martin

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Dow Jones Industrial Average (DJI) futures are roaring this morning -- putting the blue-chip index on track to build on yesterday's retail-fueled rally -- amid upbeat U.S.-China trade headlines. With President Donald Trump's latest round of tariffs on Chinese goods set to go into effect this Sunday, Sept. 1, Gao Feng of China’s Commerce Ministry said that while Beijing has "ample means for retaliation ... the question that should be discussed now is about removing new tariffs to prevent escalation of the trade war." Elsewhere, weekly jobless claims climbed modestly last week, while the latest reading on second-quarter gross domestic product (GDP) was revised down to 2% from 2.1%, on par with estimates. 

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

  • This China stock is expected to surge 50%. 
  • 2 mining stocks with cheap options.
  • Monster Beverage stock just gained "Top Pick" status.
  • Plus, Dollar General jumps after earnings; tariff troubles weigh on Best Buy; and Disney+ projections looking good.
>> Continue reading...
LATEST HEADLINES

>> 3 Stocks Making Sharp Moves This Morning
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>> Dow Rises as Oil, Retail Tailwinds Help Stocks
Oil prices propped up the entire energy sector
>> 2 China Stocks Make Massive Moves
Plus, CSIQ stock is higher after the firm secured funding for solar projects
>> Options Trading Pops on FIT Stock and Software ETF
Traders could be betting on a floor for software ETF IGV
>> 2 Mining Stocks With Cheap Options
Mining stocks have outperformed lately as gold prices surge
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