Stocks Look to a Minor Pullback After Week of Record Highs
World stock markets have rallied this week as worst case scenarios for Hurricane Irma didn't pan out, refiners are mostly back on line and North Korea has stopped testing nuclear missiles-for now.
World stock markets have rallied this week as worst case scenarios for Hurricane Irma didn't pan out, refiners are mostly back on line and North Korea has stopped testing nuclear missiles-for now. U.S. markets have hit record highs both days of trading this week. Nordstrom ( (JWN) ) stock is rallying on reports that its about to be bought and taken private. Reports say the investment firm Leonard Green and Partners will provide Nordstrom with $1 billion dollars and then help take the company private. Transitioning to a private company means Nordstrom stock wouldn't exist and it could try to restructure without the glare of Wall Street. Toshiba is selling its chip business to a group of investors led by Bain Capital. The group also includes Apple ( (AAPL) ) and the price tag is $18 billion.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
