Analyst: Scoop Up Cloud Stock on the Dip

Microsoft is higher after the tech giant unveiled a new share repurchase program

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MIDDAY MARKET CHECK     9/19/2019
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Microsoft Buyback, Upbeat Economic Data Push Dow Higher By Karee Venema Share On The Dow Jones Industrial Average (DJI) is higher at midday, with Microsoft (MSFT) stock the best of the blue chips amid buyback buzz. Stocks are also reacting to upbeat economic data -- namely, an unexpected rise in existing home sales in August, and a slimmer-than-forecast decline in the Philadelphia Fed's manufacturing index. Investors are keeping an eye on D.C., too, where U.S.-China trade talks are underway. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are gaining ground alongside the Dow, with the latter within striking distance of its late-July record high.  Continue reading for more on today's market, including: Analyst: Cloud stock correction creates trading opportunity. U.S. Steel stock downgraded after dismal third-quarter guidance. Plus, Macy's blasted by options bears; the Chinese stock near the top of the Nasdaq; and another big surge for Navistar. >> Continue reading...
LATEST HEADLINES
>> Option Bear Eyes More Downside for Hong Kong ETF Two massive blocks of puts traded in the EWH December options series early today >> Target Stock Bounces from Key Trendline on Buyback Buzz TGT options traders have been loading up on puts >> United States Steel's Gloomy Outlook Sparks Analyst Drubbing The firm widened its third-quarter loss forecast to 35 cents per share >> Microsoft Eyes Another Win on Stock Buyback News The Dow stock appears headed for its longest winning streak since early August >> Sharp Sell-Off in Twilio Stock Wins Over Bullish Analyst Yet another analyst migrated to the bullish camp for cloud stock TWLO Sponsored Hidden Income 'hack' This hidden income strategy was just leaked and it can be yours now. It goes in depth about how you can start off with a small account and turn that into your own weekly paycheck. Learn how you can GAIN that extra advantage over what others aren't doing. Click here to get this secret
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