The lower rail isn’t as clear cut, but if the stock drops anywhere near the lower rail, it will take the price down below the $16 level. The Tickeron AI Trend Prediction tool generated a bearish signal on the stock on February 5.The signal calls for a decline of at least 4% over the coming month. U.S.

Bristol-Myers Squibb said that the European Commission approved Sprycel, in combination with chemotherapy for the treatment of pediatric patients with certain cancers or leukemia. This is the second pediatric leukemia indication for Sprycel in Europe. “We are proud that the approval by the European Commission brings children with Ph+ acute lymphoblastic leukemia a new treatment option, including a powder formulation developed as part of our commitment to addressing the unique needs of children with cancer,” said Fouad Namouni, M.D., head, oncology development, Bristol-Myers Squibb.

Domestic construction spending picked up in November on the back of a surge in home building, particularly, apartment construction. Read more...

Johnson & Johnson is buying privately held Auris Health Inc. for $3.4 billion.Auris makes a robotic scope used in respiratory and lung cancer procedures and will allow J&J to gain access to devices that simplify difficult surgical procedures. “This acquisition will accelerate Johnson & Johnson’s entry into robotics with potential for growth and expansion into other interventional applications,” J&J said in a statement. J&J also said the acquisition would complement its purchase last year of Orthotaxy, a privately held developer of software-enabled robotic technology for surgery.

Saudi state energy giant, Aramco, plans to foray into international oil and gas exploration in future, which may put the company into competition with Exxon Mobil (XOM) and Royal Dutch Shell (RDS).Its top agenda is to build a global natural gas business. Other considerations include investments in LNG projects in the Russian Arctic and the U.S., as well as opportunities in Australia, which recently topped Qatar as the world's top exporter of LNG. Aramco has already made investments in overseas refineries and petrochemicals plants.

Beverage behemoth Coca-Cola had a magnificent 2018, as the stock appreciated by ~15% and emerged as one of the best-performing Dow stocks.Over the same period, the index was down around 4%. KO has seen another 5% surge in the last two weeks, and technician experts believe the company can keep up its strong performance -- particularly if the company reports earnings breakout this week. Keep an eye on the stock this week.   

Amazon and General Motors are currently negotiating a deal valued at $1 - $2 billion with Rivian Automotive LLC, a Michigan-based start-up specializing in electric pickup truck manufacturing.If the negotiations conclude successfully, a deal could be announced as early as this month. Tesla, currently the world’s biggest electric car maker, may have a tough time competing with this deal as it is already struggling to balance the production and profits of its flagship Model 3 sedan.

Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding.Improved prospects for a U.S.-China trade deal also boosted equities. Read More...

The outlook for the semiconductor sector may be turning positive.Analysts are expecting chip demand to hit bottom before picking up later this year. Read More...

OPEC fell just short of its production goal in January, as a fresh round of output cuts from the 14-nation producer group got under way. Read More...

Morgan Creek Digital has scored what it says is probably the first investment in the crypto asset universe from a U.S. pension fund. Read more...

Home-prices in the U.S. slowed in Q4, mainly due to a glut in supply. The median price for an existing single-family home was $257,600, up 4 percent from a year earlier, the National Association of Realtors said in a report Tuesday.About 1.55 million homes were available for sale at the end of December, up 6.2 percent from 2017. “Home prices continued to rise in the vast majority of markets,” Lawrence Yun, chief economist for the Realtors group, said in the report.

Aurora Cannabis said its net revenue grew to C$54.2 million in its fiscal second quarter as the producer's sales accounted for 20 per cent of all marijuana sold across Canada since the drug was legalized in October. "The Canadian consumer market provides an extremely good opportunity for us.Consumer response to the legalization of cannabis has been strong," Cameron Battley, chief corporate officer, said in a conference call after markets closed. Net revenue for the three months ended Dec. 31 increased from C$11.7 million in the second quarter of 2017. The increase was driven by $21.6 million in consumer sales in Canada and C$26 million in Canadian and international medical marijuana sales.

India’s antitrust commission is looking into accusations that Alphabet Inc’s unit Google abuses its popular Android mobile operating system to block its rivals, four sources with direct knowledge of the matter told Reuters.READ MORE...

Online platforms including Google, Facebook and Apple should be regulated in how they distribute news content, according to a new U.K. government report.READ MORE...

Investors thinking about betting in emerging markets should look at Brazilian stocks, Mexican bonds and banks in the space, according to strategists and analysts.READ MORE...

President Donald Trump has reservations about a tentative government funding deal that needs his support to pass, leaving its fate unclear with days to spare before another shutdown. The president did not immediately commit Tuesday to signing the agreement to prevent a partial closure this weekend.READ MORE...

Watts Water Technologies, Inc. reported its fourth quarter 2018 results, beating adjusted earnings and net sales expectations. The water management product maker’s adjusted net income of 88 cents per share for the quarter was higher than Zacks Consensus Estimate of 87 cents a share.Total adjusted net income came in at $30.1 million, and exceeded year-ago quarter’s $25.4 million. The company’s quarterly net sales increased +5.8% year over year to touch $387.6 million, which also edged past analysts’ estimate of $383 million. Watts Water’s organic sales in the quarter surged +7% from the year-ago quarter, largely driven by growth in the Americas and Europe.

BP has invested more money in Egypt in the last two years than anywhere else, the oil giant's Chief Executive Bob Dudley told CNBC. Read More...

On Monday, Meredith Corp. reported fiscal second-quarter earnings of $2.55 a share, beating analysts’ estimate of $1.29 a share.However, the revenue figure fell short of analysts’ expected $859.3 million. For full year fiscal 2019, the company is expecting to generate revenue  in the range of $3 billion to $3.2 billion.