Good Monday morning Stockaholics! Here are your morning movers & news: Spoiler: 12/5 Monday's Stock News Movers: MCD, AAPL, RBS, DIS, JNJ, GOOGL, TRIP, XRX, GS, NEM & more 12/5 Monday's Stock News Movers: MCD, AAPL, RBS, DIS, JNJ, GOOGL, TRIP, XRX, GS, NEM & moreGood day Stockaholics! Happy Monday! Frontrunning: December 5 Italy Sinks Into Political Limbo as Defeat Sweeps Renzi Away (BBG) Investors Shrug Off Italy Referendum Result (WSJ); Markets Rise After Italy Turns Down Referendum (BBG) Italy’s ‘No’ Poses Trouble for Eurozone (WSJ) Oil tops $55 for first time in 16 months as OPEC deal fuels buying (Reuters) Merkel regrets Renzi resignation but will work with new Italy government (Reuters) Rescue of Italian bank Monte Paschi in danger after Renzi's defeat (Reuters) Euro rebounds after hitting 21-month low on Italian referendum defeat (Reuters) New Zealand Prime Minister John Key Resigns (WSJ) Trump has broad power to implement immigration policies: legal experts (Reuters) Trump Takes On China in Tweets on Currency, South China Sea (BBG) China says Trump clear about Taiwan, in touch with his team (Reuters) Don't Hold Your Breath on Fannie Mae and Freddie Mac (WSJ) Greenspan’s Irrational Exuberance Looks Entrenched, 20 Years On (BBG) Dakota Pipeline Project Halted as Permit for Last Leg Is Denied (WSJ) Trump advisors aim to privatize oil-rich Indian reservations (Reuters) Credit Restrictions Cost Home Buyers ‘Deal of a Lifetime’ (WSJ) Fake US embassy in Ghana shut down after 10 years issuing visas (Guardian) Airbnb Ends Fight With New York City Over Fines (NYT) Never-Trump Senate Republicans Grapple With His Upset Victory (BBG) Brussels ‘close’ to free-trade deal with Japan (FT) SFO Probes Israeli Billionaire, Ex-ENRC Directors on Congo Deals (BBG) Rich Colleges’ Endowments Targeted by Trump Backer in U.S. House (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!): GLD JDST GDX DGAZ DUST ETP GOLD UGLD BAC GDXJ ETE SPXU CHK EWI SLV FFIC JNUG SDOW NUGT NBR MBLY UGAZ UVXY TODAY'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com McDonald's — Nomura upgraded the restaurant chain's stock to "buy" from "neutral," saying the issue of tough U.S. comparable sales will subside and that it is enthusiastic about the company's planned menu updates. Apple — London's Sunday Times reports that Apple is in a customs dispute with Britain, which is said to have labeled the wristband of the Apple Watch as "other plastic," making it subject to a 6.5 percent tariff. Separately, Bloomberg is reporting that Yoky Matsuoka has left the company – she joined Apple in May to serve as a health technology executive after serving as vice president of technology at Nest. Energy Transfer Partners, Sunoco Logistics — The two companies issued a statement criticizing the government's decision not to issue an easement for their Dakota Access Pipeline. The companies called it a "purely political action" and that the project has "done nothing but play by the rules." Royal Bank of Scotland — The bank settled most of its legal claims with shareholders involving a $15.2 billion rights issue in 2008. Those shareholders alleged they were misled when they took part in that issue. Walt Disney — Disney's "Moana" topped the weekend box office for the second straight weekend, taking in $28.4 million in North American ticket sales, continuing a strong year for Disney movies ahead of the release of the next "Star Wars" Film in mid-December. Johnson & Johnson — J&J increased its bid for Switzerland-based biotech firm Actelion to more than $250 per share, according to a Bloomberg report, after Actelion rejected an initial proposal of about $246 per share. Alphabet, Apple, Citigroup, Delta Air Lines, Deutsche Telekom, Merck, Novartis, Toll Brothers, Unilever, Walt Disney — Barron's has named these companies as its 10 favorite stocks for 2017, saying they have largely lagged the market this year and have reasonable valuations. TripAdvisor — TripAdvisor was upgraded to "hold" from "sell" at Stifel Nicolaus, which cited valuation for its call. The travel website operator's shares have fallen 28 percent since the beginning of November. Xerox — Xerox spinoff Conduent will hold an investor day today to present its business strategy as it prepares to become a separate company later this month. Conduent said it is implementing an expense management program that aims to save about $700 million through 2018. FairPoint Communications — Consolidated Communications will buy the business and broadband communications provider in an all-stock transaction worth about $1.5 billion, including assumed debt. Goldman Sachs — HSBC initiated coverage on Goldman with a "buy" rating and a price target of $250. Goldman is up 28 percent in the past month alone, but HSBC still thinks the stock has more room to run. Newmont Mining, Kinross Gold — Citi downgraded Newmont to "neutral" from "buy" and cut Kinross to "sell" from "neutral," following a 10 percent drop in the price of gold over the past month. Have a good trading day to everyone in here on this Monday!
Thanks @Cy McCaffrey for really setting the framework for the discussions here. The toughest part of any job is getting started! Or at least it is for a procrastinator like me. Really glad you're okay.
Gold prices flirt with lowest level in 10 months as rate hike looms http://www.marketwatch.com/story/go...-italian-uncertainty-2016-12-05?siteid=yhoof2
This market is going to go up all the way through the end of the year and make me nervous. Dunno how it's possible, but my account is actually green today even though I'm short the broader markets. I guess all the equities im long in are making up for it. Like under armor and first solar.
tech finally getting a little bounce back after the past few days here is the full market map heading into sandwich hour on the east coast:
tomorrow morning's pre-market earnings: ($TOL $AZO $MIK $FRAN $HDS $BOBE $BMO $BNED $HOME $CONN $PLAB)
yeah, I have been in and out of FSLR since it sold off. something like $20 cash/share made it really attractive to me.
I don't really know anything about the company. Just got caught on an earnings trade. I'm hoping to get out of all of my earnings trade before we get into the next round of earnings trades. If so, I think I'll share my excel spreadsheet here and show everyone how it all went down over one earnings cycle. Might be fun for others to look over. I doubt it'll happen though. Need several underlyings to go my way.
OPK has been on the move since 2 weeks ago, this thing might really get close to 12 before the year is out. hopefully we get good HGH phase results that i think are due this month, that should help it get close to 12.
I tried to get into TOL today for an earnings trade but my buy never went through. I tried to sell a put and buy a call spread. If this thing goes up $2 tomorrow, I'm going to be grumpy.
