Bears Blast Booming Drug Stock

The "phase one" trade deal with China will reportedly be signed in January

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OPENING VIEW     12/16/2019
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Dow Futures Climb With Trade Deal "Totally Done" By Patrick Martin Share On With the "phase one" trade deal details now out in the open, Dow Jones Industrial Average (DJI) futures are signaling a strong start the last full trading week of 2019. Over the weekend, U.S. Trade Representative Robert Lighthizer said in an interview that the deal with China was "totally done," and is expected to be signed in January. Dow futures would be higher, were it not for a big drop from blue chip Boeing (BA), after the Wall Street Journal reported the aerospace company was considering scaling back or ending production of its grounded 737 Max aircraft.  Continue reading for more on today's market, including:  Options bears piled on this drug stock rally. Behind Broadcom's post-earnings flop. Plus, Horizon Therapeutics gets great news; Urban Outfitters downgraded; and more trouble for PG&E.   >> Continue reading...
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>> Walt Disney Stock Shifts Higher on Disney+ Expansion The media name has added 33% in 2019 >> Boeing Stock Stumbles on Potential 737 Max Production Pull The aircraft manufacturer said it would either cut or halt production of its currently grounded 737 Max planes >> Why Now is the Time to Hedge With Call Options SPY call options are reasonably priced at the moment >> Dow Ekes Out Win as Trade Deal Details Emerge The "phase one" trade agreement failed to spark a big reaction in stocks >> Red-Hot Adobe Stock Sees Surge in Bullish Betting ADBE stock is popping today after a strong earnings report Sponsored How To Turn $25 into $100 repeatedly… Trading for income is really quite simple. I'll show you how to potentially turn $25 into $100 and then do it again… and again. My "Trading For Income" System is yours free today. Click here to download it instantly.
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