This Chip Stock is a Top Pick

Developments out of Hong Kong and China boosted global markets

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Market Recap
MARKET RECAP
 
 

9/04/2019

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Stocks Rally Amid Upbeat Global Headlines

By Patrick Martin
Share On

The Dow logged a triple-digit gain today, with the blue-chip's recovery sparked by a positive political development in Hong Kong and upbeat economic data from China. This helped drive a rally in tech stocks, with Intel (INTC) shares gaining more than 4%. Investors also digested a raft of Fed speeches, with comments from New York Fed President John Williams gaining attention. The voting member of the Federal Open Market Committee (FOMC) said the U.S. economy is in "a favorable place," but remains "vigilant to act as appropriate to support continuing growth."

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

  • 2 penny stocks that popped today.
  • This chip stock is a top pick at J.P. Morgan Securities.
  • Plus, 2 REITs to watch; frenzied options activity on Box and Roku; and a soaring software stock.
>> Continue reading...
LATEST HEADLINES
>> Box, Roku Options Trading Erupts During Huge Stock Rallies
Options action on 2 of today's biggest winners
>> How the 2020 Election Will Affect the U.S. Economy
The 2020 election could see some major changes in the American economic system.
>> Starbucks Stock Could Reward Options Traders Again
SBUX has tended to make outsized moves in the past 12 months, compared to what its options have priced in
>> 2 Penny Stocks Popping on Partnerships
The shares are both boasting double-digit percentage gains today
>> 2 REIT Stocks Bulls Should Be Watching
IYR hit a 12-year peak earlier
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