The Tech Stock Squeezing Shorts

Third-quarter GDP was better than expected

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Midday Market Check
MIDDAY MARKET CHECK
 
 

11/27/2019

This Pot Stock Could Be The Next Procter & Gamble


A tiny cannabis company is about to disrupt Latin America's $31.98 billion cosmetics industry with a revolutionary new line of CBD beauty products. Then it's on to conquer CBD health care...skin care...and even the pet care markets. So far this company's flying under Wall Street's nose...

But not for long.

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Stocks Hold Near Highs Ahead of Thanksgiving

By Karee Venema
Share On

Stocks are little changed at midday, as traders look ahead to tomorrow's Thanksgiving Day holiday. While the price action is muted, there's plenty of economic data to digest, including a stronger-than-anticipated reading on third-quarter gross domestic product (GPD) and an eighth straight monthly rise in consumer spending in October. At last check, the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are all holding near yesterday's record highs.

  • A third-quarter beat is putting the squeeze on VMware shorts.
  • Deere breaches key trendline in trade-related tumble.
  • Plus, Guess sees surge in post-earnings options volume; UAA pops; and one retailer moving lower.
>> Continue reading...
LATEST HEADLINES
>> One Sector for Bulls to Trade During the Holiday Season
It's definitely not retail, based on historical data
>> VMW Stock Bombarded with Bull Notes After Earnings
VMware posted third-quarter earnings and revenue that both beat analysts' estimates
>> Deere Stock Drops After Trade Tensions Ding Outlook
DE is set to breach a key trendline today
>> Analysts Adjust Outlooks as PVH Stock Flirts with Triple-Digit Territory
Options traders have taken a put-focused approach
>> Dow Futures Gain Ground Ahead of Thanksgiving Holiday
Upbeat trade comments from Trump have stock futures pointed higher this morning
Sponsored

A rare "private placement" opportunity in cannabis


Right now you've got a short window to get in on a tiny new company set up perfectly to dominate the cannabis market. From CBD-infused cosmetic, skin, and pet care products...to medical marijuana...to THC-based consumables...and everything in between...This company's positioned to profit from virtually every kind of pot-based product you can think of. Yet Wall Street's hardly aware of it. Institutional buyers sure are, though, but they can't buy it...yet.

It's the most exciting - and overlooked - opportunity in the new cannabis sector today.
 

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