Industrial Stocks Break Major Resistance Levels

XLI ETF Chart 11-8-19

XLI ETF Chart 11-8-19

These stocks are carrying the industrials sector to record highs

Industrials stocks are busting out to new highs. “I think [this rally is] to be trusted,” Katie Stockton, founder of Fairlead Strategies, told CNBC’s “Trading Nation” on Thursday.

“It’s a little bit early to say, but it looks like the industrial sector is breaking out relative to the broader market after a long-term basing phase so that’s very promising.”

cnbc.com/industrials-sector-record-highs

Zillow stock jumps after earnings show sales more than doubling

Zillow Group Inc. Z, -0.56% shares gained more than 10% in after-hours trading Thursday after the online real-estate company reported that sales more than doubled from the year before in the most recent quarter thanks to the company’s push to buy and sell homes.

marketwatch.com/zillow-stock-jumps-after-earnings

Negative U.S. interest rates? Not likely, say investors

NEW YORK (Reuters) – Don’t expect negative interest rates to be the next U.S. import from Europe or Japan, as those two economies are providing a real-time cautionary tale of the pitfalls of central bank stimulus efforts gone awry.

reuters.com/negative-u-s-interest-rates

Michael Bloomberg Prepares To Enter The Presidential Race

Former New York City Mayor Michael Bloomberg is preparing to enter the 2020 Democratic primary despite saying earlier this year he would not run for president, according to the NYT.

The billionaire environmentalist has been privately weighing a bid for the White House for weeks and has not yet made a
final decision on whether to run, an adviser said.

zerohedge.com/michael-bloomberg-prepares-enter-presidential-race

Pete Renzulli
 

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