Analyst Bets Big on China Stock Before Earnings

The Nasdaq is also comfortably higher

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MIDDAY MARKET CHECK     10/28/2019
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S&P Set for Four Straight After Record High By Patrick Martin Share On The Dow Jones Industrial Average (DJI) is kicking off the week with big gains -- up triple digits at midday -- but is ceding the spotlight to the S&P 500 Index (SPX), which just nabbed a new all-time high of 3,044.08 and is cruising toward its fourth straight win. The Nasdaq Composite (IXIC) is is nearing its own record highs and four-day winning streak, as investors digest the latest batch of corporate reports, including the latest quarterly figures from Spotify Technology (SPOT). Hopes for a U.S.-China trade deal are also bolstering stocks, as well as expectations for another Fed rate cut this week.  Continue reading for more on today's market, including: Tiffany options are red-hot following a LVMH bid. One analyst is betting big on this Chinese stock before earnings. Plus, calls pop on Walgreens Boots Alliance post-earnings; a new bottom for PG&E stock; and AT&T breaks out after an earnings beat. >> Continue reading...
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>> GM Strike Ends Just Ahead of Q3 Earnings Report Workers signed a contract outlining a mix of one-time bonuses and three U.S. plant closures >> More Bullish Analyst Attention for RingCentral Stock Analysts love RingCentral stock >> Tiffany Options in High Demand After LVMH Bid The Paris retailer made a $14.5 billion unsolicited bid for Tiffany >> Spotify Stock Breaks Out After Surprise Earnings Beat SPOT is on track for its biggest one-day jump ever >> CFO Departure Knocks NIO Stock Even Lower CFO Louis Hsieh resigned from the company for personal reasons Sponsored The 5G Stock That Practically NOBODY Knows About... YET Its partners include AT&T, Verizon, Sprint and T-Mobile. It owns more than 200 patents. And analysts say it has "home-run potential." Yet this 5G superstock trades for only $5 a share. Get the details on this unknown stock now...
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