Chip Stock Faces Off With Key Trendline

Oil prices are also rebounding today

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Opening View
OPENING VIEW
 
 

4/02/2020

Make the Chinese Pay


A tiny American biotech owns a patent that could force China to pay it $7.4 billion a year in license fees.
Its current market capitalization is just $1 billion. But analysts Keith Speight thinks it will be worth twice what Facebook is worth or $1 Trillion.

That would be enough to turn every $1,000 into $1,000,000 (or more) >>>

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Stock Futures Tread Water After Shocking Jobs Data

By Patrick Martin
Share On

After a historically rough start to the new quarter, Dow Jones Industrial Average (DJI) futures are trading slightly above fair value this morning. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also up before the open, but have given back more substantial gains as investors unpack weekly jobless claims that soared to 6.6 million, blowing past the estimated 3.1 million figure. Oil futures are in rally-mode too, with May-dated crude futures up 10.4% at $22.45 per barrel, at last check. 

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

  • Founder & CEO Bernie Schaeffer paints a picture of  Nvidia stock's technical support.
  • Macy's stock was booted from the S&P 500 yesterday.
  • Plus, CarMax revs its engine after earnings; analysts weigh in on Disney stock; and Shopify becomes the latest to ditch 2020 guidance.
>> Continue reading...
LATEST HEADLINES
>> Dow Dragged 973 Points as COVID-19 Fears Persist
Gold prices fell for the fourth straight session
>> CE Stock Heading into Bullish Month
Celanese stock is coming off a free fall from its all-time-high in late 2019
>> Nvidia Chart Paints Picture of Technical Support
NVDA's 200-day moving average has emerged as resistance
>> Technical Trouble Stacked Up for WBA Stock Ahead of Earnings
Walgreens stock tends to underperform during the second quarter
>> Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
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