Stock Market Futures See Profit-Taking Amid Trade Deal Concerns
The stock market continues to roller-coaster back and forth amidst daily headline on the U.S. - China trade deal.
Regardless the market was due for profit-taking. With zero bias the last several months we are in the perfect environment for reading the tape and targeting short-term swings.
Here's my scan for today's ideas on the short side.
Trading should get easier once earnings season kicks in.
PS. Be sure to read this advanced lesson on tape reading, Getting some great feedback and questions from students.
US futures turn negative on report China wants more talks before signing ‘phase one’ trade deal
U.S. stock index futures turned lower Monday morning after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal U.S. President Donald Trump touted on Friday.
The 10 Biggest Robotics Stocks
If you've already looked at how and why to invest in robotics stocks, now might be a good time to turn your attention toward learning more about the biggest robotics stocks in the marketplace.
Their size is a good indication that investors are interested in buying into what they have to offer. Let's take a look at them.
Why Disney's Valuation Can Rise $55 Billion on New Streaming Magic
Walt Disney Co. (DIS), whose stock has led the market this year, is likely to rise as much as 25% from its early October trading price as the company expands its direct-to-consumer streaming strategy, according to Morgan Stanley analyst Benjamin Swinburne, per Barron's.
That would boost its market value by about $55 billion to $290 billion.
Facebook's digital currency dealt another blow
Facebook's Libra cryptocurrency must not go ahead until the firm proves it is safe and secure, according to a report by the G7 group seen by the BBC.
In a blow to the social media giant, the world's biggest economies warned cryptocurrencies such as Libra pose a risk to the global financial system.
The draft report outlines nine major risks posed by such digital currencies.