Penny Stock Surges on Coronavirus News

Earnings from Cisco Systems, PepsiCo, and Alibaba are also in focus

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2/13/2020

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Stock Futures Fall as Virus Fears Pick Back Up

By Josh Selway
Share On

U.S. stock futures are trading below fair value this morning as the attention shifts back to the coronavirus outbreak. Reports pointing to another jump in cases of the virus in China have sparked losses for global stock markets, and the Dow Jones Industrial Average (DJI) is now facing a triple-digit drop at the open. The losses look poised to spread to the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX), as stocks pull back from Wednesday's record highs. Meanwhile, investors are monitoring a number of notable earnings releases, including a poorly received update from blue chip Cisco Systems (CSCO).

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

  • A closer look at one energy ETF from our founder and CEO Bernie Schaeffer.
  • Why this pharmacy stock could rebound soon.
  • Plus, PepsiCo gains on demand for healthy snacks; Alibaba shares dip; and a penny stock surging on coronavirus news.
>> Continue reading...
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>> Taking the Temperature of This Energy ETF
Bulls should keep an eye on the round $70 level
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