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BioCryst and Idera to merge into rare disease company

“IDRA, +6.03% announced early Monday plans to merge into a rare disease company” writes Emma Court for marketwatch.com. BioCryst shares have surged 16.5% over the last three months to $5.59 and Idera shares have surged 8% to $2.55, compared with a 9.1% rise in the S&P 500 SPX, +0.44% and a 11.8% rise in the Dow Jones Industrial Average DJIA, +0.21%. The combined company, which will be renamed, will be led by Idera Chief Executive Vincent Milano, with BioCryst Chairman Robert Ingram serving at chairman of the new company’s board…

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Dow stock Nike is testing a key level, and it could be very bullish

“Nike shares surged 4.8 percent on Friday, settling at $67.21, in its best one-day performance since November 2015” writes unknown author for cnbc.com. Nike’s stock performance since last summer has Maley feeling more bullish in its prospects for 2018.The stock then rallied back to $60 and exceeded it, a key breakout level in its performance.Nike shares have not fallen below $60 since Dec. 1.Analysts surveyed by FactSet have an average $66.40 price target on Nike shares, roughly 0.7 percent below current levels. Source: cnbc.com Share This:

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Dow futures retreat as government shutdown stretches into 3rd day

“U.S. stock futures on Monday pointed to a step lower at the open as a partial government shutdown stretched into a third day” writes Markets Writer for marketwatch.com. Dow Jones Industrial Average futures YMH8, -0.20% fell by 50 points, or 0.2%, to 25,996, while S&P 500 futures ESH8, -0.05% shed 2 points, or 0.1%, to 2,809.Gold futures GCG8, -0.07% and oil futures CLG8, -0.03% were inching down.Buyout news was lifting biotech stocks Juno Therapeutics Inc.The ICE U.S. Dollar Index DXY, +0.03% was modestly lower as traders waited for developments on…

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Government Shutdown Is Here

“Amazon’s stock surged 56% last year and is already up 11% this year, the latter dusting the Nasdaq’s 6% gain” writes Brian Sozzi for thestreet.com. Seeing as this one focused on silly stock market bears, we think the below video is definitely a must-watch ahead of Monday’s open.That is Amazon’s stock may be set up for failure on earnings day.Points out Jefferies, “Amazon’s stock trading at all-time highs in recent days has put the stock in a position where any softness in results or guidance could give investors a reason…

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Rare Bear Who Called Crash Warns Housing Too Hot Again…

“He described the pattern as a steep run-up in housing prices spurred by low interest rates” writes Prashant Gopal for bloomberg.com. Stack, 66, who manages $1.3 billion for people with a high net worth, predicted the housing crash in 2005, just before prices reached their peak.Bill McBride, who runs the Calculated Risk blog and also called the crash, doesn’t think home prices are inflated this time around. Source: bloomberg.com Share This:

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Stocks Daily Review January 22, 2018

Stocks Daily Review for January 22, 2018 Asian Shares End Mostly Higher Most Asian stocks rose on Friday as stronger-than-expected Chinese GDP data and expectations for strong corporate earnings helped investors shrug off concerns about a potential U.   European Shares Seen Lower As US Govt Shutdown Looms European stocks are seen opening a tad lower on Friday as the threat of a U.S. federal government shutdown looms. The U.S. House of Representatives passed a stop-gap funding measure late Thursday to avert a government shutdown.   Losing Streak May Continue…

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Dollar holds steady as investors wait for shutdown developments

“The dollar traded steady on Monday, with investors so far reacting calmly as a U.S. government shutdown entered its third day” writes Markets Reporter for marketwatch.com. The dollar held steady as investors waited for the next developments surrounding the government shutdown, which was stretching to a third day as lawmakers have thus far failed to end an impasse.The index fell 0.4% last week, its fifth-straight weekly loss. Source: marketwatch.com Share This:

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Asian stocks advance despite US government shutdown

“Asian stock markets were mostly higher Monday after global investors shrugged off the latest U.S. government shutdown” reports foxbusiness.com. WALL STREET: Investors drove U.S. stocks higher, setting records despite the impending government shutdown.ENERGY: Benchmark U.S. crude gained 10 cents to $63.41 per barrel in electronic trading on the New York Mercantile Exchange. Source: foxbusiness.com Share This:

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The regular investor can now trade the stock market 24 hours a day with TD Ameritrade

“TD Ameritrade extended trading hours on its platform starting Monday to 24 hours, five days a week for several popular exchange-traded funds” writes David Paul Morris for cnbc.com. The eBroker also told CNBC trading individual stocks around the clock may not be too far away.Traders on the TD Ameritrade platform are now able to buy and sell shares of ETFs like the SPDR S&P 500 (SPY), iShares MSCI Emerging Markets ETF (EEM) and the SPDR Gold Trust (GLD) at any time of the day. Source: cnbc.com Share This:

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