With hopes of progress towards a US-China deal this weekend at the G20 summit, stocks mostly pushed into positive territory today. Boeing was a drag on the Dow while tech stocks continued to enjoy their move following Micron’s upbeat report. There was no real escalation in US-Iran tensions today which helped stocks along as well.
Check out Dave’s Daily Dive video above where I break down the market action today!!!
Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is when I break down stock charts of a few key names today. In addition, I’ve got two Zacks Rank #1 (Strong Buy) stocks breaking out to new highs. The list of stocks I cover today include:
Boeing (BA) Zacks Rank #4 (Sell)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
Micron (MU) Zacks Rank #5 (Strong Sell)
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels.
Nike (NKE) Zacks Rank #3 (Hold)
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
Arconic (ARNC) Zacks Rank #1 (Strong Buy)
Arconic Inc. engineers, manufactures, and sells lightweight metals worldwide. The company operate in three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions. The Engineered Products and Solutions segment produces and sells fastening systems and seamless rolled rings; investment castings, including airfoils and forged jet engine components; and extruded, machined, and formed aircraft parts for aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets.
Zymeworks (ZYME) Zacks Rank #1 (Strong Buy)
Zymeworks Inc., a clinical-stage biopharmaceutical company, engages in the discovery, development, and commercialization of bio-therapeutics for the treatment of cancer in Canada. The company’s lead product candidates include ZW25, a bispecific antibody that is in Phase I clinical trial for the treatment of breast and gastric cancer; and ZW49, a bispecific antibody-drug conjugate that is in preclinical stage for treating breast and gastric cancers, and solid tumors.
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Zymeworks Inc. (ZYME): Free Stock Analysis Report
NIKE, Inc. (NKE): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
The Boeing Company (BA): Free Stock Analysis Report
Arconic Inc. (ARNC): Free Stock Analysis Report
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