2 Oil Stocks to Steer Clear of This Month

The Dow lost 105 points, snapping its three-day win streak on Monday

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Market Recap
 
 

12/09/2019

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Dow Snaps Win Streak on AAPL Dip

By Lillian Currens

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The Dow kicked off the week with a triple-digit drop, snapping its three-day win streak. Apple (AAPL) dragged on the blue-chip index, as investors turned cautious ahead of a new round of U.S. tariffs on Chinese goods set to go into effect this Sunday, Dec. 15. Losses were contained, though, following comments from China's Assistant Commerce Minister Ren Hongbin that a partial U.S-China trade deal could be imminent. Elsewhere, the Trump administration and House Democrats are reportedly nearing a deal which would replace the North American Free Trade Agreement (NAFTA) with the United-States-Mexico-Canada Agreement (USMCA).

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

  • Options bulls hold out hope for Peloton stock, despite holiday ad. 
  • These 2 oil stocks could be perfect for options bears right now. 
  • Plus, call traders storm GE, MU, and BABA; Merck stock pops; and the bear signal flashing for FDX stock. 
>> Continue reading...
LATEST HEADLINES

>> Peloton Options Trading Picks Up as Stock Recovers
Peloton shares are seeking a second straight win
>> 3 Stocks Call Traders are Crowding
We are taking a look at three stocks with extremely active options
>> Dow Sits Near Breakeven in Tepid Trading
The VIX is moving higher today
>> FedEx Stock Flashing Bearish Signal For Holidays
A FDX put option could triple in the coming month
>> 2 Oil Stocks That Could Slide Soon
Exxon Mobil and Schlumberger just ran into historically bearish trendlines
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