8 Stocks That Will Move The Market On Feb. 22

US Markets

  • S&P 500 Futures: +10 Points
  • US 10-Year 2.68%
  • Oil: $57.41 +$0.48
  • Dollar Index: 96.63

International Markets:

  • Japan Nikkei: -0.18%
  • China Shanghai: +1.91%
  • Hong Kong Hang Seng: +0.65%
  • Singapore STI: -0.24%
  • South Korea KOSPI: +0.08%
  • German DAX: +0.52%
  • UK FTSE: +0.53%

Global Growth Proxies:

  • Copper: $2.945 – Copper continues to see a big rally!
  • Silver: $15.82
  • Platinum: $834.30

Key Events:

US/China trade talks wrap-up today with President Trump meeting Vice Premier Lui He at 2:30 PM

International Trading Session

International markets continue to perform strongly, but many of the major indexes in Asia are approaching important areas of resistance, and we will need to do some work to decide what happens next. That will be something I will look to work on with an update over the weekend. 

U.S. Trading Sessions on February 22

US equity futures are pointing to a higher opening on February 22 of about 10 points on the S&P 500. Resistance on the S&P 500 is around 2,785, and I still do believe that we a bit further to fall in the major US indexes. Nothing has changed my view at this point.

S&P 500, spx

Intel (INTC)

Intel is jumping above $52.50  triggering a break out this morning after Morgan Stanley upgraded the stock to Overweight from Equal-Weight and a $64 price target. I just wrote a free article yesterday and noted that the stock might rise back to previous highs from June last year. Here’s Why Intel’s Bull Run Isn’t Over

Citigroup (C)

Citigroup was upgraded to a buy from hold at Jefferies with a $73 price target.  The stock has strong resistance at the $65 to $66 range. If it can manage to get above that region, then it has room to rise on to $70.

citigroup, c

Lam Research (LRCX)

Lam Research was downgraded to equal weight from overweight at Morgan Stanley. The stock has hit some resistance recently at $183, and it is likely to head back to $170.

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Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...

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