These Stocks Could be Early 2020 Winners

The NDX is gunning for its 10th straight record close

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12/26/2019

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Stocks Ready to Resume Uptrend

By Patrick Martin
Share On

Dow Jones Industrial Average (DJI) futures are poised for modest gains this morning, with volume still light in the wake of the Christmas holiday. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, with the latter ready to take a crack at an 10th straight record close. U.S.-China trade tailwinds continue to blow, after the Chinese Commerce Ministry said the two sides remain in close contact about signing the trade pact. Elsewhere, weekly jobless claims rose to 220,000 last week. 

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

  • Senior Quantitative Analyst Rocky White outlines the 20 stocks ripe for a short-covering rally in the new year.
  • Uber stock flashed a bearish signal after a big court ruling.
  • Plus, PayPal eyes 2020 takeovers; Amazon.com reports record holiday season; and Wedbush sees more Tesla gains.  
>> Continue reading...
LATEST HEADLINES
>> Dow, S&P Cool Off Ahead of Christmas
The thin trading session had the Dow pulling back from yesterday's record high
>> FXI Chart Comes Into Focus After Trade Deal
The 80-day moving average has captured recent downside on FXI
>> Bear Signal Flashes After UBER Ruling
Uber stock is higher today after Travis Kalanick said he would be stepping down from the board of directors
>> Why this Energy Stock Could Start 2020 Bullishly
Short-covering could help CNX rise
>> MBOT Stock Extends Breakout After Surgical Robot News
There's room for more bullish analyst attention to boost the medical device maker
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