whelp, here we have yet another spike high made in the overnight session ... y'alls know what that usually means right? lol highs (especially if its an ATH) made in the ETH are typically not the ultimate highs of the move ... we would need to see that during the RTH so i'm thinking this will likely come back and get retested at some point ... whether it's this week, next week, whatever ...and how 'bout dat oil fed week this week could make things interesting just before we head into the holidays...
Good Monday morning Stockaholics! Here are your pre-market movers & news this morning: Spoiler: 12/12 Monday's Stock News Movers: NWL, T, CVS, FOXA, BA, FINL, CSCO, NVS, KKR, APO, JNJ 12/12 Monday's Stock News Movers: NWL, T, CVS, FOXA, BA, FINL, CSCO, NVS, KKR, APO, JNJ Good day Stockaholics! Happy Monday! Frontrunning: December 12 Crude Soars as Output Deal Weighs on Bonds; China Shares Tumble (BBG) 10-Year Treasury Yield Above 2.5% for First Time in Two Years (WSJ) The New Reality of TV: All Trump, All the Time (NYT) Fed May Struggle to Signal What Comes After December (WSJ) China warns Trump against ignoring its Taiwan interests (Reuters) China’s Stocks, Bonds, Yuan Slump in Unison on Liquidity Concern (BBG) Sovereign funds pulled cash from world markets for third year running (Reuters) Trump Adds To Criticism Of Companies (WSJ) Oil surges to 1 1/2-year high, Fed rate increase looms (Reuters) Iraq to abide by OPEC cut, expects output growth in future (Reuters) It All Went Wrong for Chinese Investors Today (BBG) Senators Balk at Tillerson Before He’s Nominated (BBG) Syrian army in 'final stages' of Aleppo offensive (Reuters) London House Prices Are Having Their Worst December in Years (BBG) Small Investors Join China’s Tycoons in Sending Money Abroad (NYT) The Complexity of Inequality (ProSyn) '3, 2, 1, Boom' -- Silver-Fixing Allegations Detailed in Private Chats (BBG) China Finds New Fans in Southeast Asia as U.S. Turns Inward (BBG) JPMorgan Traders Back Risky Property Deals as Bank Shows Caution (BBG) STOCK FUTURES NOW: FRIDAY'S MARKET HEAT MAP: FRIDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): OPHT CHK XOM RIG DGAZ UGAZ REGN CVS PEIX ALGT GUSH DEPO FOXA FBR ERX CYTK ERY T PAY QQQ WLL ABB AKS XBI NTT TODAY'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Newell Brands — The consumer goods company announced a deal to buy New Zealand-based Sistema Plastics, a maker of food storage containers, for $470 million. AT&T — Baird upgraded AT&T to "outperform" from "neutral." Baird said a confluence of events significantly improve the company's longer-term prospects, including President-elect Donald Trump's focus on deregulation and lower tax rates. CVS Health — Jefferies downgraded CVS to "hold" from "buy," saying both the drugstore business and pharmacy benefit management operation face overriding concerns that will discourage investors. 21st Century Fox — Telsey Advisory Group downgraded the media company's stock to "market perform" from "outperform," saying its proposed deal to buy Britain's Sky makes sense, but that the regulatory process could be drawn out and put Fox under pressure. Separately, the bid to buy Sky for $14 billion could run into a roadblock, with a major investor telling Reuters he will vote against the deal and another saying he is unhappy about the size of the offer. Boeing — Boeing struck a deal to sell nearly $17 billion in jets to Iran, the biggest U.S.-Iran transaction since the fall of the Shah in 1979. However, the deal could be threatened by political opposition to the Iran-U.S. nuclear accord. Finish Line — Brean Capital cut its rating on the athletic apparel and footwear retailer to "hold" from "buy," noting a 32 percent upgrade since it originally went to a "buy" rating and saying that the share price now largely reflects the stock's value. Cisco Systems — A U.S. International Trade Commission judge ruled that Arista Networks infringed several more Cisco patents in its Ethernet switches. In a separate case in June, the commission had imposed an import ban on Arista products that infringed other Cisco patents. Novartis — The drugmaker suffered a setback for its eye drug offerings, when studies showed that combining its Lucentis and Fovista drugs did not produce any better results for certain macular degeneration patients than when Lucentis was used alone. KKR — The private-equity giant is in talks to sell drug delivery company Capsugel to Switzerland's Lonza Group in what could be a more than $5 billion deal. Apollo Global — The investment firm is buying the 80.1 percent stake that Philips holds in Lumileds, the company's LED components and car lighting business, for $1.5 billion in cash. Johnson & Johnson — J&J could see a 20 percent rally in its stock, according to an article in this weekend's Barron's. The paper said J&J is less susceptible to possible cuts in drug and medical device pricing than its peers and that it could be helped by President-elect Trump's plan to raise corporate taxes. Have a good trading day to everyone in here on this Monday!
Financial stocks trying to roll over again. Watch to see if they close weak on the day, if so...correction has started.
No idea where the market is going but if this Santa rally continues I'm giving all my kids coal for Christmas!
Financial stocks finally coming in hard. Way long overdue. Don't expect too much until 2017 though imo.
Welcome to the board @AnthonyJackson and yes the pullback is overdue from a very overbought sector. Much will depend on the the FED meeting on Wednesday on whether they are hawkish on futures rates. I would be happy if they just traded side ways for awhile for the next leg up as I am loaded on financials.
Yeah, my read is, we stay flat until the Fed. Then we resume normal operating procedures no matter what the fed does. My nightmare scenario is they foresee unicorns and rainbows for the foreseeable future and the market goes screaming higher.
I'm guessing market continues up through the new year up until it gets closer to Trump taking office. I think the market will see some volatility with the uncertainty of what's going to happen when Trump actually takes office.
I think we start seeing weakness sooner than the end of the year. I saw it today. A lot of the of the big players are showing weakness. I'm seeing small declines over the next 18 days before the New Years.
Well marchballer, since you're new here, we've no idea if you know half of what you're talking about. However, I like the cut of your gib! Only because I'm already short and need the market to be nice to me. Can Gil cancel this Santa Rally already? Please Gil?
Here is my 15 year monthly /ES trend line I drew last week. This is zoomed in to a 15 minute chart. We are sure playing around that line. Most of that stuff is after hours, especially the large green candle on the left side. Interestingly, today's regular market hours went above the line briefly but failed and fell back below the line. I'll be encourage if we stay below the line during regular market hours tomorrow. But, a part of me think we're going to just play around this line until the FED meeting anyway, so not sure exactly how encouraged I'll be.
Good morning Stockaholics! Happy Tuesday Here are your pre-market stock movers & news on this Tuesday morning- Spoiler: 12/13 Tuesday's Stock News Movers: BA, PAY, DGX, LLY, FITB, GOOGL, BUD, XOM, URBN, BWLD, CBS, KO, PG 12/13 Tuesday's Stock News Movers: BA, PAY, DGX, LLY, FITB, GOOGL, BUD, XOM, URBN, BWLD, CBS, KO, PGGood day Stockaholics! Happy Tuesday! Frontrunning: December 13 Trump Picks Exxon Chief for State Amid Concerns (Reuters) Buoyant Markets Pose New Challenge for the Fed (WSJ) Tweeter-in-Chief Trump Faces Test After Yellen’s Rate Decision (BBG) Trump Dissing Daily Intelligence Briefing Worsens Rift With CIA (BBG) SWIFT confirms new cyber thefts, hacking tactics (Reuters) UniCredit share issue lifts banks before Fed meeting (Reuters) Senate Republican leader backs investigation into Russian hacking (Reuters) U.S. intelligence officials say Russian hacks ‘prioritized’ Democrats (WaPo) Merkel, Hollande back extending sanctions on Russia over Ukraine (Reuters) Billionaire's Son Not Interested in Taking Over Father's $91 Billion Business (BBG) Japan’s Asahi Buys Eastern Europe Brewing Assets From AB InBev (WSJ) Coverup at French Nuclear Supplier Sparks Global Review (WSJ) Netanyahu says Israel 'mightier' as first F-35 fighter jets arrive (Reuters) China's Sinopec Weighs Takeover Of Gulf Keystone (Reuters) How the Wealthy Avoid Paying Hong Kong Property Tax to Save Millions (BBG) Iran to build nuclear marine propulsion after U.S. 'violation' of deal (Reuters) After China’s Hubris, It’s Trump’s Turn (WSJ) OPEC Pumped at Record High as Cartel Agreed Output Cut (WSJ) OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says (IEA) GOP Leaders Join Call for Probe of Russian Hacking (WSJ) Drinking, drug use largely down among U.S. teens in 2016 (Reuters) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): XOM SPY PRTO MMM LMT CM.CA VIA.B OPHT BA CXO PG ERX EQT YELP IWM CERN SBGL OPK PAY RDHL XLV UNG GLD BSX GSK TODAY'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Boeing — Boeing announced a cut in 777 production to five from seven per month, beginning next August. Separately, Boeing said it would hike its quarterly dividend by 30 percent and also unveiled a $14 billion stock buyback plan. VeriFone — VeriFone reported adjusted quarterly profit of 30 cents per share, one cent above estimates, with revenue also above forecasts. However, the maker of payment terminals gave 2017 guidance that comes in below Street estimates. Quest Diagnostics — Quest is investigating an unauthorized intrusion into its systems, and the medical lab operator said it notified customers whose accounts have been affected. Quest said the accessed information did not include Social Security numbers or credit card information and that there is no evidence that the information has been misused. Eli Lilly — The drug maker raised its quarterly dividend by 1 cent to 52 cents per share. Separately, Lilly announced a new discount program for users of its insulin products. Fifth Third Bancorp — The Cincinnati-based bank struck a partnership deal with startup online lender ApplePie Capital, taking an equity stake and looking into potentially purchasing loans from the San Francisco-based company. Alphabet — Alphabet's Google unit signed a deal to put computer servers in Cuba, to improve the speed of its services there. Anheuser-Busch InBev — The brewing giant is selling five Eastern European beer brands to Japan's Asahi Group for $7.8 billion. AB InBev had put those brands up for sale as part of winning regulatory approval for its merger with SABMiller. Patterson-UTI Energy — Patterson is buying smaller drilling rival Seventy Seven Energy in an all stock deal worth about $1.42 billion excluding assumed debt. Realty Income — The real estate investment trust was upgraded to "overweight" from "equal-weight" at Morgan Stanley as part of an overall REIT industry report at Morgan Stanley. The firm has changed its view on REITS to "cautious" form "in-line," with Realty Income the only firm above the "equal-weight" rating. Morgan Stanley's caution comes from the impact of rising rates and slower growth, but it likes Realty Income because of its scale, balance sheet, and investor base. Exxon Mobil — The company's chairman and chief executive officer, Rex Tillerson, has officially been named as President-elect Donald Trump's choice for Secretary of State. Urban Outfitters — The apparel retailer gave updated guidance, saying fourth quarter comparable sales are growing in the low single digits, signaling a better performance than the 1.5 percent rise predicted by analysts. Buffalo Wild Wings — BMO Capital cut the restaurant chain's stock to "market perform" from "outperform," with the shares now within 10 percent of the firm's prior price target. BMO said there's a risk of a 2017 earnings guidance shortfall and the need for strong execution of cost savings initiatives. CBS — BMO upgraded CBS to "outperform" from "market perform" after the idea of a merger between CBS and Viacom was taken off the table. BMO said CBS has an attractive mix of assets, and that there's a small possibility that CBS itself could be an acquisition candidate. Coca-Cola, Procter & Gamble — Deutsche Bank downgraded the two Dow components to "hold" from "buy." The bank has favorable views of both companies longer term, but sees few near-term catalysts with the consumer group at or near fair value. Have a good trading day to everyone in here on this Tuesday!
