👔 Deutsche Bank Argues for Micron Rally

Many small and independent energy firms have struggled in recent years as oil prices have struggled to break over $60 per barrel.

Good morning. Many small and independent energy firms have struggled in recent years as oil prices have struggled to break over $60 per barrel. For the more indebted companies, bankruptcy looks likely, particularly for investments in the shale space. But for every seller, there's a buyer. ExxonMobil's CEO stated that industry consolidation is a matter of time, and that the company will look for potential acquisitions in the resource-rich Permian Basin. It's another case of the rich getting richer by taking advantage of the miscalculations of smaller players… and an important investment lesson. Do you want to improve your investment returns while taking less risk? Our FREE Dividend Investing Mini-Course will show you how to create an amazing new stream of passive income with dividend stocks. Learn how to find good dividend stocks to invest in, offering a great yield as well as capital gains potential. Sign up today! Sponsored Content $48 billion purchase order – your $74,850 payday? A major automaker just placed a $48 billion purchase order — for electric vehicle batteries. It's a first shot in a war against Tesla and it's got Elon Musk shaking in his space boots. The "big boys" are about to sweep in and take the market. The huge growth is creating fast profits for investors, like one stock that took off 850% in under 12 months. And the next wave could deliver up to $74,850 profits to investors who act now. The  purchase order is the trigger — so you'll want to move fast. MARKETS DOW 26,355.47 +0.91% S&P 2,937.78 +1.08% NASDAQ 7,976.88 +1.30% *As of market close • Stocks moved higher on Wednesday, as tensions appeared to ease in Hong Kong. • Oil prices jumped higher 4.4 percent to $56.31, more than offsetting their decline on Tuesday. • Gold rose 0.5 percent, still trading near multi-year highs at $1,564 per ounce. • Cryptocurrencies took a breather, except Bitcoin which moved over $10,800. Today's TOP TIPS Deutsche Bank Argues for Micron Rally A research note released by Deutsche Bank suggests that shares of Micron (MU) are set to rally, as the business is likely to improve. The analyst note suggests that the Q4 DRAM price action was a temporary trough for business. Other fears surrounding shares, specifically Japan-Korea trade issues, are unlikely to result in supply problems for Micron as well. Deutsche reiterated their "Buy" rating on Micron, with a price target of $55, about 17 percent higher than current prices. » FULL STORY Citigroup Sours on Altria-Philip Morris Merger Citigroup weighed in on the potential merger between tobacco giants Altria (MO) and Philip Morris (PM) —and sees little upside or reasons for shareholders to approve a deal at the current time. The evidence for a stronger merged company looks weak, and recombining the two companies back into one offers little upside for the business of either company. Philip Morris investors may even be worse off, as the international company would add the risks of investing in the U.S. tobacco market. » FULL STORY Insider Activity: 8x8 (EGHT) Vikram Verma picked up over 3,000 shares of 8x8 (EGHT), where he serves as CEO. The buy cost just over $73,000 and leaves the CEO with just over 889,000 shares of the company. This marks his second buy this year, following a 4,200 share purchase in August. Insiders have a mixed track record at the company, with these CEO buys being offset by sales by the Chief Product officer year-to-date. » FULL STORY Unusual Options Activity: Netflix (NFLX) Over 10,500 contracts traded on the October $285 call option on Netflix (NFLX), a 76-fold increase in volume given the contract's prior open interest of 140. With 43 days to go before expiration, the option is a bet that shares will trend higher. Netflix shares trade around $288, putting these $285 calls $3 in-the-money. Any change in Netflix shares from here should cause the option to move dollar-for-dollar, less the decline of the remaining time premium. » FULL STORY IN OTHER NEWS • The U.S. trade gap narrowed in July on falling imports. • Declining manufacturing data hasn't hit bottom yet, and will lead to even lower interest rates. • It's only a matter of time before U.S. interest rates go negative, says former Fed Chair Alan Greenspan. • Flipkart, owned by Amazon and Walmart, plans to scrap single-use plastic packaging in India. • Walmart also announces plans to reduce the quantity of ammunition it sells, citing gun safety concerns. • Porsche unveils its first all-electric car, the Taycan. • Lamborghini only unveils its first hybrid car, but it's also the company's fastest, with a top speed of 217 miles per hour. • Declining demand for ethanol and trade disputes are a perfect storm for the industry.< • Google-owned YouTube agrees to pay $170 million fine over violating children's privacy. • In earnings, JetBlue declines after lower guidance and the impact of hurricane Dorian. S&P 500 MOVERS TOP PVH 9.125% IPGP 6.336% GE 5.642% TPR 5.137% CXO 5.084% BOTTOM TSN 7.75% ULTA 3.644% INCY 3.048% FTV 2.985% HUM 2.204% Quote of the Day It's difficult to have a recession when interest rates are zero - Real estate investor Sam Zell on why prior economic fears over inverting yield curves and low interest rates are unlikely to lead to a recession this time around Sponsored Content Possible $74k Cash Windfall for Investors (Act Today) A major automaker just placed a massive order for electric vehicle batteries. The huge growth in this industry is creating fast profits, like one stock that took off 850%. The next wave could deliver up to $74,850 profits to investors who act now.   Not sure the best way to get started? 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