Brendan McDermid | Reuters8:30 am: Micron jump 3% as UBS says stock can rally 31%rose nearly 3% in the premarket after UBS updated them to a buy. "As cyclical concerns evaporate, structural dynamics should carry the day," the analysts said. The firm also lifted its target on the stock to $75 per share from $47 per share, which is 31% higher than where it closed Tuesday.
, while sales in the pharmacy unit grew 4.1%. In September, a federal judge signed off on the company's $69 billion merger with insurer Aetna, which CVS has said will lead to double-digit growth. —Jerome Powell is scheduled to return to Capitol Hill on Wednesday for a second day of testimony on monetary policy, the economy and financial statutes. The Senate Banking Committee hearing is set to begin at 9:30 a.m. ET and include Powell's already-published prepared remarks before a Q&A session. In his testimony before the House Financial Services Committee on Tuesday, Powell said that the
given tame inflation, low unemployment and modest economic growth. But he cautioned that low interest rates, while a positive for business borrowing, could hamstring the Fed's ability to stimulate the economy in the event of a future downturn. —
An American somewhere today got denied important life saving healthcare coverage from their private insurance provider even tho they paid their premiums on time. They will end up expiring due to corporate greed in the insurance industry. BUT THE STOCK MARKET!
It’s interesting, as trumps reelection gets more imminent the stock market surges...
Can we have the S&P500 up to 3400
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Source: CNBC - 🏆 12. / 72 Read more »