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You are here: Home / Stocks Fall As Trade War Heats Up; This Top Growth Stock Breaks Out

Stocks Fall As Trade War Heats Up; This Top Growth Stock Breaks Out

The stock market was mildly lower in morning trade Wednesday, as the major indexes looked set to snap recent win streaks. China retaliated with pledges of new tariffs on $16 billion worth of U.S. goods. Top growth stock Michael Kors (KORS) is breaking out above a potential entry, while blue-chip stock Disney (DIS) was still in buy range after its disappointing earnings results. (For updates on this story and other market coverage, visit the Stock Market Today.) X All three major indexes were quietly lower in early trade. The tech-heavy Nasdaq and S&P 500 moved down less than 0.1% apiece, while the Dow Jones industrial average fell 0.2%. Among the Dow stocks, Disney traded down 1% and is in the 5% buy range from a flat base’s 113.29 entry. The company reported disappointing fiscal-Q3 results late Tuesday. Meanwhile, CEO Bob Iger discussed the upcoming Disney-centric streaming platform, which will be priced substantially below Netflix (NFLX). Meanwhile, Leaderboard stock Apple (AAPL) trimmed early losses to trade flat and remains out of buy range of a 194.30 flat-base entry. The 5% buy range tops out at 204.02, but it’s best to buy as close to the buy point as possible. IBD Newsletters Get exclusive IBD… Read full this story

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Stocks Fall As Trade War Heats Up; This Top Growth Stock Breaks Out have 242 words, post on www.investors.com at August 8, 2018. This is cached page on Vietnam Art News. If you want remove this page, please contact us.

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