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Stock market news: Opening bell, November 20, 2018



trump melania christmas tree white house
President Donald Trump and first lady Melania Trump look at the
North Carolina grown Fraser Fir Christmas tree at the North
Portico as it makes its way to the Blue Room for display at the
White House on November 19, 2018 in Washington,


Here is what you need to know. 

  1. Bitcoin plunges below $4,500
    The benchmark
    cryptocurrency has slumped 22% this week amid a dispute
    among Bitcoin Cash (BCH)
     that led to a hard fork of
    the currency on Friday.

  2. Pacific Gas and Electric Company

    discloses a second power-line outage
    biggest utility provider said in a filing that the outage
    occurred on the morning of November 8, when the deadly Camp
    Fire broke out.

  3. Carlos Ghosn is unfit to lead Renault, Bruno Le Maire, the
    French finance minister, said
    The Nissan chairman
    was arrested Monday in Tokyo amid financial misconduct

  4. Andrew Left is bullish on the Tesla of China
    In a
    note on Monday, Left’s Citron Research said the electric-car
    company’s shares have “little resistance” on their way to
    rallying to $12, a jump of about 60%.

  5. A $736 billion strategist is bracing for a 2019 stock-market
    meltdown worse than anything we’ve seen this year

    Andrew Milligan, the head of global strategy at Aberdeen
    Standard Investments, exclusively shared with Business Insider
    three ways investors can profit from a 5%-15% correction.

  6. Legendary investor Joel Greenblatt unpacks the Warren
    Buffett-inspired “magic formula” that’s crushed the
    Greenblatt’s Gotham Index Plus fund, has
    beaten 99% of its peers over the past three years. 
  7. Target
    plummets 7% after missing sales expectations ahead of the
    crucial holiday season
    Third-quarter sales at
    stores open for at least a year rose 5.1% versus 5.2%
  8. Best
    Buy and Kohl’s beat earnings forecasts and raised
    Foot Locker and Gap report after the
    market close. 
  9. Housing
    data is coming
    The Census Bureau will release its
    monthly starts and building permits numbers at 8:30 a.m. ET.
    The 10-year yield is down less than 1 basis point at 3.052%.
  10. US stock
    futures indicate another red open
    Nasdaq futures
    are down 77 points, or 1.16%, and Dow futures are down 182
    points, or 0.7%.
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