So starts the U.S. trade war with China.
Street Rumors
Coca-Cola KO could make a play for BodyArmor once Dr. Pepper Snapple Group DPS completes its merger with Keurig on July 9. Dr. Pepper Snapple owns 15.5% of the upstart sports drink brand. A purchase would post a clear threat to PepsiCo’s PEP dominance with Gatorade. Meanwhile, Nvidia NVDA is reportedly about to release a key new graphic chip.
Nvidia and PepsiCo are holdings in Jim Cramer’s Action Alerts PLUS.
Call of the Day
Bernstein analysts are out with a note projecting a “Super Spike” in oil prices to $150 a barrel. The reason: years of under-investment by oil majors such as ExxonMobil XOM .
The Big Story
The U.S. trade war has kicked off. Watch the trading action in “China Stocks” such as Apple AAPL and Walmart WMT .
Apple is a holding in Jim Cramer’s Action Alerts PLUS.
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