Trendline for GILD Bulls to Watch

The timing of President Trump's proposed 0% payroll tax rate is uncertain

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3/11/2020

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Dow Futures Poised to Give Back Yesterday's Gains

By Lillian Currens

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Yesterday's market bounce looks to be short-lived, with Dow Jones Industrial Average (DJI) futures pointing to an almost 800 point drop before the open this morning. The resumed selloff comes after U.S. President Donald Trump proposed on Tuesday a 0% payroll tax rate for the remainder of the year, though it was not specified when this would go into effect. Oil prices are back down too, after Saudi Aramco said it was asked to hike its output capacity by 1 million barrels per day. This has sent April-dated crude futures down 3.8% to $33.07 per barrel, at last check. 

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

  • Why CEO and founder Bernie Schaeffer thinks traders should consider this outperforming biotech name. 
  • Which underperforming stocks do the best after a decline, according to Schaeffer's Senior Quantitative Analyst Rocky White.  
  • Plus, PEP picks up Rockstar; AAPL hit with a bear note; and HLT withdrawals full-year forecast.  
>> Continue reading...
LATEST HEADLINES
>> How Stocks Behave During During a Market Bounce
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>> Stocks, Oil Rally Back From Historic Losses
Oil rallied with the Dow after historic losses
>> Buy the Dip on This Gold Stock
Mining stocks have pushed higher amid the global sell-off
>> Drug Stock Puts Trendline Support to the Test
GILD has amassed 19% year-to-date
>> Struggling Southwest Airline Stock Sinks Deeper on CEO Pay Cut
Southwest Airlines' CEO announced he's taking a 10% pay cut in response to the sector's "severe recession"
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