collected by :Molly Tony
President Trump has instructed the Commerce Department to help China's ZTE, which is a "good" sign for investors who have been worried about a trade war between the two nations. "It shows some kind of discussion is going on at a higher level," said Matthew Cheslock, an equity trader with Virtu Financial based on the floor of the New York Stock Exchange. "You saw today that Qualcomm (QCOM) and NXP Semiconductors (NXPI) have now said that they are going to [reenter talks] about what that merger could be." China had reportedly stopped looking into the merger of the two chipmakers given the tariff uncertainty between China and the U.S, according to Bloomberg. For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
President Trump has instructed the Commerce Department to help China's ZTE, which is a "good" sign for investors who have been worried about a trade war between the two nations. "It shows some kind of discussion is going on at a higher level," said Matthew Cheslock, an equity trader with Virtu Financial based on the floor of the New York Stock Exchange. "You saw today that Qualcomm (QCOM) and NXP Semiconductors (NXPI) have now said that they are going to [reenter talks] about what that merger could be." China had reportedly stopped looking into the merger of the two chipmakers given the tariff uncertainty between China and the U.S, according to Bloomberg. For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
Stock Market Rises, As Fed Calms Inflation Worries; This Sector Heats Up
The U.S. stock market plowed ahead in midsession trade Monday, as chips and retail contributed to the advance. Mester, a voting member of the Fed, spoke at the Bank of France conference in Paris. The Cleveland Fed president said inflation has not yet reached the Fed's 2% target on a consistent basis. Chip designer Qualcomm (QCOM) gapped up 3% in heavy volume as it retook its 50-day line. Another chip designer Marvell Technology (MRVL) gapped up 5% in fast trade, landing above its 50-day line.Stock Market Update - Still Too Much Pessimism
according to A growth slowing trend would put pressure on future expectations and limiting the upside of the stock market. These levels have last been seen in 2014 when economic sentiment peaked at lower levels than we are currently seeing. So far, this ratio remains in an uptrend and is not pricing in an economic growth slowing trend like it did in 2015. In other words, if leading economic indicators like the ISM Manufacturing Index stay at current levels or rise even further. As always, I will monitor economic sentiment going forward and cover some of the companies that I deem to be interesting longs.Stock Market News For May 14, 2018
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
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