Shares of Altimmune Inc. (ALT) rose very sharply in trading over the last 24 hours. On the surface, it was alleged that the company’s shares rose due to positive news from its pipeline developments for its phase 1 and 2 research. However, the company recently completed a 1:30 reverse split, meaning that every 30 shares […]
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China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month – including the U.S. – fulfilling a previous pledge as a tariff war bites into trade. Premier Li Keqiang further said his government wouldn’t devalue its currency to boost exports. We “must uphold […]
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Finding the right stocks to trade (or not to trade) is one of the most difficult jobs we have as traders. Take a sneak peek inside a real trading room to see how we approach the trading day each and every day. Follow me on Twitter @MikeShorrCBOT
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Housing numbers released today gave a pleasant surprise to a key sector of the market. Financial Intelligence Training (FIT) students will know this important sector is the financial sector and why it is such an important area to watch as it may help gauge the market’s strength or weakness. So why the lift in XLF? […]
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When trading options, position allocation is one of the keys to avoiding undue variance in your trading portfolio. Watch this short video on how to access your risk and allocate accordingly. Follow me on Twitter @MikeShorrCBOT
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We had big movements in two stocks in the biotech/healthcare space. One was Abbvie (ABBV), whose stock was hammered late in the trading session after it was announced that the California Department. Of Insurance is suing the company over alleged kickbacks in the promotion of Humira. Meanwhile, Viking Therapeutics (VKTX) was up dramatically on successfully […]
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THIS IS TRIPLE D! Diners, Drive-ins, and oh.. wrong triple D. This is D, DNKN and DKS. There is no association outside of the letter D but they all do have one thing in common. That is potential for upside gains. Tune in to see the levels I reference and why I like these names […]
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China has no choice but to retaliate against the latest round of U.S. tariffs, the country’s Commerce Ministry said as Vice Premier Liu He convened a meeting in Beijing to discuss the government’s response. Stocks across the globe are shaking off the news, with some considering the announcement baked into prices, while others expect the U.S. […]
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Will there be a $200-billion tariff levied against China or not? The president tweeted about it again this morning when he sent the following: Tariffs have put the U.S. in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country – and yet cost increases have thus far been almost […]
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The Trump administration is reportedly set to announce a new round of tariffs on as much as $200B in Chinese goods, while Beijing considers scrapping upcoming trade talks in response. The duties will be set at 10%, below the 25% level announced in early August, to diminish the impact on U.S. consumers ahead of the holiday […]
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