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Chris Lau

Mid-Week Moves for Wed., December 4, 2019

$CLF Cliffs is buying $AKS for ~$3 billion. Why? Steel prices are under pressure. If this vertical integration doesn’t pay off near-term, the stock is headed to $5.00.

$AMD continues to slip hard from $40. Do you hold this stock, still? Watch Micron $MU.

$NIO’s recovering, it seems. Don’t get fooled. Avoid.

Alibaba $BABA is holding up despite facts the US/China trade deal is NO deal. Watch out for China stocks after the Dec. 15 deadline. Expect higher tariffs.

$T AT&T is not rebounding post-downgrade. Silly. Accumulate this stock for the dividends.

In the drug sector, $TEVA held up $10 like a champ. This market selling may leave $TEVA and $BHC untouched. But $ABBV AbbVie is a few points away from $90.

Are you panicking? Don't. Either buy puts or calls on $SPY.

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