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Wednesday's Action List for June 19, 2019

The Fed meets in a week to discuss a rate hike. Sadly, the US/China trade war forced the Fed's hands and a 25bp cut is assured. Trade cannabis stocks:

$ACB, $CRON, $CGC.  Avoid $TLRY Tilray. Canabis stocks trade at wild valuations but lead markets on speculation.

Resource stocks and energy stocks will rally after the cut. UDW traded at fresh multi-year lows last week. Stick with big names like $XOM, $COP, $CVX.

Chip stocks will fly higher on expectations of resumed trade between US/China. Trade the speculation on $MU, $AMD, $SWKS, $AVGO, $QRVO.

What are your trades for tomorrow? Share them below.

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