Leaked details of the GOP tax reform plan shows big tax cuts for companies and individuals. The Republicans hope the tax cuts will free up cash flow for companies to hire workers and Americans to spend money and stimulate the economy. The tax reform plan will be unveiled in Indianapolis. Nike (NKE) shares were weighed down after their latest quarterly report. The takeaway is that sales are flat in North America but booming in China. It's a victim of the sluggish retail environment. Nike recently announced an agreement with Amazon to sell its products on that site and the CEO says to expect more digital initiatives. Twitter (TWTR) will begin testing a new limit of 280 characters, double its current limit. The new, longer limit is just being used by a limited number of users and Twitter says it will experiment with this for weeks before making a final decision.
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.
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