Good Morning Folks,
It appears we have a nice open with some follow through form last week. Oil also appears to be displaying continued strength. As I said in this weeks video we will likely continue our Santa Clause Rally>> just be careful out there since volume is likely to be substantially less than normal as we move into the holiday.
Stocks on my radar this morning
ACHN wild move premarket off of pr, PSTI pr decent looking daily has some resistance around 2.66, ARIA active premarket can be a pop and flopper don't chase it, TASR pr new 52 week highs off pr and upgrade, RUSL had some pr about China offering support for the Ruble, OPK continue to grind higher looks like it may want the 10 dollar holla, KTOS contract win and an SA article last week active premarket
JNUG JDST TVIX TZA IWM USO UUP SPY NDAQ IBB for sentiment
This weeks Videos in case you missed them
Market take
http://www.screencast.com/t/oHOKr18YP
Stocks To Watch
http://www.screencast.com/t/885XmTgRId6
Seeking Alpha
Today's Markets:
In Asia, Japan +0.1% to 17635. Hong Kong +1.3% to 23409. China +0.7% to 3129. India +1.2% to 27702.
In Europe, at midday, London +0.8%. Paris +1%. Frankfurt +0.9%.
Futures at 6:20: Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +0.9% to $57.64. Gold flat at $1196.30.
Ten-year Treasury Yield flat at 2.17%
Notable earnings after today's close: SCS
CNBC in the news
IN THE NEWS TODAY |
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U.S. stocks were higher in early trading after the S&P 500 logged its second best week in nearly a year, closing Friday about 5 points shy of a record high. The S&P is up 12 percent for 2014. (CNBC) |
Battered oil prices were stable this morning, despite strong signals that Saudi Arabia has no intention of cutting crude output. The powerful oil minister there also took a swipe at non-OPEC producers. (Reuters) |
With lower oil comes cheaper gasoline, and the average price at the pump in the U.S. fell 25 cents to $2.47 a gallon in the past two weeks—its lowest level in more than five-and-a-half years. (Reuters) |
President Barack Obama said the hacking of Sony Pictures was not an act of war, but he would review whether to return North Korea to the list of state sponsors of terrorism. (Reuters) |
Police departments and union leaders are warning their rank-and-file to wear bulletproof vests, following the deadly weekend ambush of two New York City officers in retaliation for the deaths of Michael Brown and Eric Garner. (AP) |
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During this holiday-shortened trading week, investors get a bunch of economic reports starting today with November existing home sales. A drop of 1.1 percent to a seasonally adjusted annual rate of 5.20 million units is expected, following October’s 1.5 percent increase to 5.26 million. |
The stock market will close early Christmas Eve Wednesday at 1 p.m. ET. Financial markets are closed on Christmas Day, opening back up Friday for a full day of trading. |
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![](https://blogger.googleusercontent.com/img/proxy/AVvXsEjBLu36FRNWw03yapa5jhKZgA5ukLn-bgM6Eaj82CpqlvvWGgiBEhOyIEQNl8HUG_jB3PHVGuxQcQ3jGxZRdUy3Tr4YY_HEmHWS0UeK5IAHd1MGGfzo8k7e8njKKO1ujEs7mCQVXJB-rDZ6A6UNmKupmhR1R37UJw5jYD2dZJm11JqDelRhznQ00ws6zCPihVh5oEDChaCSJjlbkWVT1TlivGQQRnaoZQnlVe0l9azOb6PZywwhthjTEtI=s0-d-e1-ft) | STOCKS TO WATCH |
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Dish Network (DISH) subscribers were unable to watch Fox News Channel and the Fox Business Network Sunday when the channels were taken down as part of contract negotiations. (AP) |
Caesars Entertainment (CZR) plans to buy affiliate Caesars Acquisition(CACQ), according to the Wall Street Journal. The deal would better position Caesars Entertainment to restructure the $18.4 billion debt load of its largest unit. Based on Friday's close, Caesars Acquisition is valued at $1.29 billion. |
Airbus CEO Fabrice Brégier told CNBC today that his company would take the bragging rights on aircraft deliveries over rival Boeing (BA) this year, but added the focus remains on its backlog of 6,000 planes that are in the pipeline. |
Ocwen Financial (OCN) executive chairman, William Erbey, will step down as part of a legal settlement with New York's financial regulator, the Wall Street Journal reports. Ocwen will also pay $150 million toward New York housing programs and aid to foreclosed homeowners. |
Peter Jackson's "The Hobbit: The Battle of the Five Armies," distributed byTime Warner's (TWX) Warner Bros., won the weekend box office with $56.2 million in ticket sales, and a $90.6 million haul since opening Wednesday.
Best of Success! |
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