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Tonight’s Action List for Thursday, July 18, 2019

$CSX unexpectedly reported a terribly weak quarter. The company previously echoed upside for 2H but instead came up very short.

Oil prices are down and so are energy stocks. Accumulate. The economic growth will drive oil demand. Oil demand will exceed supply if the Middle East constrains output.

Daily intra-day stock dips? EASY PLAY.  The Fed has reversed losses once again. Easiest trade in town since 2010. Buy the morning dip, sell the afternoon rip. Rigged to perfection. Who needs free markets when we have Central Banks?

Solid Prime Day for $AMZN. Consumer demand online is hotter than ever. Then again, amazon may have raised the numbers by including Whole Food sales. By offering a $10 value for shopping, consumers get a $10 discount from prime membership. Also, prime day is now for TWO days.

In the drug stock space, the attack on opioid stocks and a focus on the epidemic risk sent $TEVA and $ENDP lower. Watch the sector before buying.

Technology

$NOK is inching higher. Slowly. Accumulate.

$ERIC slumped badly, down around 11.5% intraday. Boring stock, great value.

$NIO rallied ~5%. Will the stock return to 4? It depends on buying momentum. Short float is 20% of outstanding shares.

 Further Reading:

Himax fell as predicted. How far lower does it go?

What are your trades? Be sure to check out #Novoadvisor.

 

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