Red-Hot Pharma Stock to Watch

Tensions surrounding the U.S. and Iran appear to be fading

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MIDDAY MARKET CHECK     1/09/2020
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Stocks Hit New Highs as Iraq Fears Fade By Lillian Currens Share On The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are confidently higher at midday -- and earlier nabbed fresh record highs -- as investors shed some of their initial fears over the conflict between the U.S. and Iran. The tech-rich Nasdaq Composite (IXIC) also hit new highs after Advanced Micro Devices (AMD) got an upgrade from Mizuho, and data out of Reuters pointed to an 18% pop in iPhone sales in China during the month of December. Meanwhile, February-dated gold futures are ebbing, down 0.7% to trade at $1,548 per ounce at last check, while oil for February delivery is trading back near their Jan. 3 levels prior to the U.S. drone strike, at $59.02 per barrel. Continue reading for more on today's market, including: The pharma stock surging after a major allergy treatment breakthrough.  Subpar holiday sales and a lowered Q4 forecast aren't fazing L Brands bulls.  Plus, PINS stock pops on partnership; TRIL tops charts; and TUFN stock nosedives after revenue forecast.  >> Continue reading...
LATEST HEADLINES
>> Coca-Cola Stock Shifts Higher on Street-High Bull Note KO has been an outperformer over the past year >> L Brands Stock Brushes Off Holiday Sales Disappointment The retailer posted a decline in net holiday sales >> DBVT Breaks Out After Peanut Allergy Patch Update DBVT is on track for its best day in nearly two years >> Stock Futures Higher on Easing Iran Tensions President Trump said Iran "appears to be standing down" >> Options Bears Turn Up the Heat on Volatile Rite Aid It's been a wild ride for RAD stock in recent weeks Sponsored Would you like 12% tax-advantaged income each year? There are prolific investment opportunities available in the North American midstream energy infrastructure sector. With the U.S. alone using roughly 20 million barrels of petroleum products daily, midstream companies will need to invest $800 billion by 2035 to build pipelines and other energy infrastructure assets to meet this demand. Investors can capitalize on this demand by earning an attractive tax-deferred dividend and enjoying long-term capital appreciation. Learn more>
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