strong dollar taking a breather plus russia supporting opec cut talks, oil looking delicious, i hope it runs up into the meeting, im currently in UWTI.
Good Monday morning Stockaholics! Here are today's market movers & news: Spoiler: 11/21 Monday's Stock News Movers: TSN, MMM, FB, NFLX, C, GSK, BX, WMT, LOCK, AAPL, WFC, GDDY, INTC & more 11/21 Monday's Stock News Movers: TSN, MMM, FB, NFLX, C, GSK, BX, WMT, LOCK, AAPL, WFC, GDDY, INTC & moreGood day Stockaholics! Happy Monday! Frontrunning: November 21 Dollar dips, stocks fall as Trumpflation trade pauses (Reuters) A profile of RenTec's Medallion fund: Inside a Moneymaking Machine Like No Other (BBG) Mattis, Christie, Giuliani in contention for top posts (Reuters) Paulson’s Big Long: A Bet on Trump Yields Power and Profit (BBG) Ex-PM Fillon is favorite to win French conservative presidential ticket (Reuters) In weekend of deliberation, Mattis favored for Trump Pentagon chief (Reuters) Citigroup Leads U.S. Banks Higher in Global Systemic Risk List (BBG) Obama says urges a wait-and-see approach on Trump proposals (Reuters) Obama Seeks to Bolster Iran Deal (WSJ) Russia to deploy S-400 and Iskander missiles in Kaliningrad: RIA cites senator (Reuters) Trump Said to Discuss Treasury Post With Blackstone’s Gray (BBG) Trump’s Offshore Cash Plan Will Benefit Investors Not Jobseekers (BBG) British PM May says knows firms do not want 'cliff edge' after Brexit (Reuters) Why Saudi Arabia’s Oil Giant Aims to Be Big in Chemicals, Too (WSJ) ECB's Costa says populism, protectionism creating uncertainty (Reuters) Advertisers Search for Middle America (WSJ) Symantec to Buy LifeLock for $2.3 Billion to Add ID Security (BBG) Boral Buys Headwaters For $1.8 Billion in Infrastructure Bet (BBG) Pope extends power to forgive abortion to all Roman Catholic priests (Reuters) Two police officers shot in San Antonio, St. Louis; a suspect killed (Reuters) Police clash with North Dakota pipeline protesters, arrest one (Reuters) STOCK FUTURES NOW: MONDAY'S MARKET HEAT MAP: MONDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): DRYS SPU CSIQ LOCK NVS SYMC CLD YY OCUL SINA TIF VIPS JACK HPQ KLIC TEF GME BRK.B AER DHR RDC EEM TSN COPX THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Tyson Foods — The poultry and beef producer earned an adjusted 96 cents per share for its latest quarter, missing estimates of $1.17 a share. Revenue and forward guidance missed, as well. Tyson also announced that President Tom Hayes will succeed Donnie Smith as chief executive officer on December 31. 3M — 3M was downgraded to "sell" from "neutral" at Goldman Sachs. Facebook — Facebook announced a stock buyback of up to $6 billion, to begin in the first quarter of 2017. Separately, Facebook said its Chief Accounting Officer Jas Athwal will leave the company on February 17. Netflix — Brean began coverage of the video streaming service with a "buy" rating, saying Netflix has created an "unstoppable lead" in the internet TV business. Citigroup — Citi replaced HSBC in an annual list of 30 banks deemed globally systemic by the G-20's financial stability board. Those banks are required to hold extra capital to insure financial stability. Novartis — Novartis is buying privately held U.S. drugmaker Selexys Pharmaceuticals for up to $665 million. Selexys specializes in treatments for blood diseases. GlaxoSmithKline — The drugmaker filed for U.S. approval of its new three-in-one inhaled lung drug, meaning it could reach the market ahead of similar treatments by rivals AstraZeneca and Novartis. The drug is designed to offer a single treatment for patients with chronic obstructive pulmonary disease. Blackstone — The private-equity firm is in talks to sell as much as $2.3 billion in Japanese property to China's Anbang Insurance, according to sources quoted by Reuters. Wal-Mart — The retailer plans to begin offering Cyber Monday deals on Black Friday, following up its recent announcement that it plans to increase its online inventory significantly. LifeLock — LifeLock will be bought by cybersecurity software maker Symantec for $2.3 billion or $24 per share. LifeLock specializes in identity theft protection services. Apple — Apple will replace iPhone 6s batteries for free for customers who are experiencing an unexpected shutdown problem. Apple said there is no safety issue and the problem affects only a limited number of phones. Wells Fargo — Wells Fargo was hit with new management restrictions by the Office of the Comptroller of the Currency, with the bank now required to get approval before making various business decisions or giving out executive severance packages. The restrictions cancel some aspects of the OCC's September settlement with Wells Fargo. Headwaters — Headwaters is being bought by Australian construction firm Boral for $1.86 billion in cash, or $24.25 per share. Headwaters is a Utah-based maker of building products. GoDaddy — GoDaddy is finalizing a roughly $1.8 billion bid for European web hosting firm Host Europe Group, according to London's Sunday Times. GoDaddy is competing with United Internet for Host Europe, with Deutsche Telekom having dropped out of the bidding. Intel — Intel is cutting its investment in wearable device technology and may exit the market altogether, according to sources quoted by TechCrunch. However, the chip maker is denying that this is the case. Have a good trading day to everyone in here on this Monday!
Earnings after the close today: ($PANW $WB $JACK $DY $VIPS $BRCD $SINA $BECN $CPRT $PMNT $SBLK $TEDU $CIB $ENTA $GLAD $CORI $GSUM)
The cash SPX has finally joined the DJ30, Nasdaq, and Russel 2000 in new ATHs ... and don't look now but the DJ Transports are now less than 5% away from their respective highs which is pretty amazing to think as they were beaten down the most during the last correction. Dow theorists with a raised eye brow!
Earnings before the open tomorrow: ($DLTR $BURL $MDT $DSW $SDRL $HRL $KIRK $CBRL $CPB $SIG $ADI $AMWD $BKS $CHS $NM $TECD $INNL $JEC $HQCL)
What Happens Thanksgiving Week? Posted by lplresearch This is Thanksgiving week, and we all have many things to be thankful for. With equities near all-time highs, the end of the earnings recession, and positive seasonality for the next few months, investors have much to be thankful for considering this year started off as the worst ever after 28 days for the S&P 500. One popular question is, what happens during the week of Thanksgiving? Historically, this is a strong week, and going back 20 years shows the average Thanksgiving week was up a solid 0.8%. Of course, that was skewed by a huge 12% jump in 2008, and the median return dropped to slightly positive as a result. Here is a daily breakdown of each Thanksgiving week going back 20 years. Note that the only week to see all four days higher was indeed during the bear market of 2008, while 2011 was the only year to drop all four days. Also, Monday had the highest average return, but Wednesday tended to be green the highest percentage of the time. Finally, last year was one of the calmest Thanksgiving weeks ever, as not a single day closed higher or lower by 0.2%.
i wonder if the rate hike is "priced in" gold already , would be interesting if gold gets back into a uptrend after december.
I was thinking of how gold would rally in a "rising interest rate environment". My hypothetical idea is that rates may have moved in anticipation of next year's hikes already without much confirmatory data. So too much may have been "priced in" already. If bad data comes out, then we'll see.
All of Asia closed up, and Europe is up right now. Pre market looking like we're going to have another green day most likely. I'm sure @Tiptopptrader will post an update before the market opens as well. Headed home from work, good luck in the markets today everyone!
