👻 Markets spooked by Trump announcement of Friday press conference as U.S. and China tensions heat up

3 Small Cap Penny Stocks that are Breaking Out
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Good morning. Things were moving along swimmingly before the announcement came of a press conference tomorrow by President Trump on China. What's happening on Hong Kong is tragic.

I have a brother that's lived there for over 10 years and he's had to move to Japan. Somehow a tear gas gun in the face will do that to you. The market has continued to shrug off the tremendous risks that are still present. This is just another reminder that we're still lost in the woods economically.

Now here's the rest of the news:

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MARKETS
DOW 25,400.64 -147.63
S&P 3,029.73 -6.40
NASDAQ 9,368.99 -43.37 
*As of market close
Stocks fell yesterday, economic data surprises on the negative side.
Oil rose 2.19%, as refinery rates offset the weekly crude oil build.
Gold rose 0.26%, as US trade tensions with China escalate.
Cryptocurrencies traded higher, with Bitcoin finishing 2.94% higher closing at $9440.

Today's TOP TIPS
3 Small Cap Penny Stocks that are Breaking Out
So much of the movement you see in the major market indices comes down to a handful of stocks. Just five companies make up over 20% of the S&P 500 and over 40% of the Nasdaq 100. As those companies move, it will tend to cause the market and many of the larger cap names to move with them. Therefore, looking at smaller cap stocks with lower prices is a way to have some investments that aren't as correlated to the overall market.

» FULL STORY

What is the Options Market Saying About Gold?
The option market appears to be picking up interest in gold stocks on Thursday. A product that represents gold mining stocks is VanEck Vectors Gold Miners ETF (GDX). The overall volume for calls and puts were higher than average, with calls surging to 40% higher than average.

» FULL STORY

After New All-Time High, Insiders of this Home Improvement Megastore Start Selling
As regulators stood back and debated what stores would be considered "essential," it would have been really interesting to hear the arguments for why one company should remain open and another closed. One "essential" company during the COVID-19 closures was Home Depot Inc (HD). Now, as the company is hitting an all-time high, the insiders are starting to sell.

» FULL STORY

IN OTHER NEWS

U.S. Stocks End Rally With China Tensions Rising: Markets Wrap

Dow takes a 300-point U-turn lower Thursday as Trump says he will hold a Friday news conference on China

Oil rises as higher U.S. refinery rates offsets surprise crude build

Gold prices settle slightly higher Thursday

Fed's Kaplan says U.S. economy has bottomed, ties rebound to testing

Huawei Ruling Crushes Hope China May End Canola Feud With Canada

Old School Food Firms Bet on Faux-Meat Demand More Than Doubling

U.S. Corporate Bond Sales Smash Record, Soaring Over $1 Trillion

GE CEO Sees Cash Burn of as Much as $4.5 Billion This Quarter

Trump set to order review of law that protects social media companies


S&P 500 MOVERS
TOP
DLTR  11.55%
ALXN  7.801%
WDAY  7.149%
 REGN 6.287%
NLOK  5.438%
BOTTOM
HPQ  12.325%
KSS  9.735%
HBI 9.646%
TRIP  9.465%
GPS  9.272%

Quote of the Day
In terms of presidential efforts to limit critical commentary about themselves, I think one would have to go back to the Sedition Act of 1798 - which made it illegal to say false things about the president and certain other public officials - to find an attack supposedly rooted in law by a president on any entity which comments or prints comments about public issues and public people.
- Floyd Abrams, First Amendment Lawyer, quoted by Reuters

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Estimates say the cure could be worth $1.3 TRILLION.

James West snooped around the pharmaceutical industry and found something game-changing.

Several companies are close to finding the remedy of this $1.3 trillion problem, but one tiny firm could be closing in on the finish line of a virus vaccine.

Weeks from now, we may see the first vials of the "virus killer" being distributed all over the world.

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