Traders Market Weekly: Santa Claus Came to Town

Viewing 15 posts - 46 through 60 (of 97 total)
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  • #69150
    Truman
    Participant

    FedEx (FDX 249.70, -30.30, -10.8%): misses by $0.20, reports revs in-line; reaffirms FY24 EPS guidance, lower FY24 revenue outlook
    General Mills (GIS 64.04, -2.67, -4.0%): beats by $0.09, misses on revs, lowers FY24 organic revenue and adjusted EPS growth forecast

    #69151
    Truman
    Participant

    Guardant Health (GH 25.98, -1.92, -6.9%): announces that the FDA Advisory Panel is tentatively scheduled to review the premarket approval application for the company’s Shield blood test to screen for colorectal cancer on March 28, 2024

    #69152
    Truman
    Participant

    Alibaba (BABA 74.38, -0.01, -0.01%): announces change of CEO of Taobao and Tmall Group

    #69153
    Truman
    Participant

    Southwest Air (LUV 29.25, -0.09, -0.3%): and pilots’ union reportedly reach new preliminary labor deal, according to CNBC

    #69154
    Truman
    Participant

    Mosaic (MOS 37.94, -0.21, -0.6%): releases October and November revenue and sales volumes

    #69155
    Truman
    Participant

    The weekly MBA Mortgage Applications Index dropped 1.5% for the week with refinance applications falling 2.0% and purchase applications declining 1.0%.

    #69156
    Truman
    Participant

    Consumer confidence jumped to 110.7 in December (consensus 104) from a revised 101.0 in November (from 102.0).

    #69157
    Truman
    Participant

    Existing home sales totaled 3.82 million in November (consensus 3.8 million) following a total of 3.79 million in October.

    The 2-yr note yield is down five basis points to 4.39% and the 10-yr note yield is down three basis points to 3.89%.

    US Existing Home Sales Rebound 0.8% in November as Mortgage Rates Fall

    #69158
    Truman
    Participant

    Market Lunch time
    Dow 37587.07 +29.09 (0.08%)
    Nasdaq 15041.83 +38.99 (0.26%)
    SP 500 4770.22 +1.85 (0.04%)
    10-yr Note +26/32 3.882
    NYSE Adv 1740 Dec 1035 Vol 308.0 mln
    Nasdaq Adv 2471 Dec 1745 Vol 3.72 bln

    Industry Watch
    Strong: Communication Services, Energy, Consumer Discretionary, Real Estate
    Weak: Consumer Staples, Industrials, Utilities, Materials, Financials

    Moving the Market
    — Continued inclination to buy and fear of missing out on gains in seasonally strong period

    — Relative strength in mega cap stocks

    — Small cap stocks outperforming

    — Disappointing FY24 revenue guidance from FedEx (FDX) contributes to slowdown worries

    — Geopolitical angst related to the Middle East and China

    #69164

    OOOOHHHHHH THE HUMANITY … SOME MODERATE SELLING & PROFIT TAKING AT CLOSE
    As the GRINCH is trying to stop the great SANTA RALLY for past 10 days
    If ICARUS flies too high those GOLDEN WINGS of WAX may melt 😉

    Dow 37,082.39 -475.53 -1.27%
    S&P 500 4,698.36 -70.01 -1.47%
    Nasdaq 14,777.94 -225.28 -1.50%
    VIX 13.40 0.87 6.94%
    Gold 2,044.70 -7.40 -0.36%
    Oil 73.83 -0.11 -0.15%

    #69177
    MoneyNeverSleeps
    Participant

    AutoZone (AZO) authorizes the repurchase of an additional $2.0 billion of the Company’s common stock in connection with its ongoing share repurchase program… AZO up 2.0%

    #69178
    MoneyNeverSleeps
    Participant

    BlackBerry (BB) beats by $0.05, beats on revs; guides Q4 revs below consensus… BB down 3.5%

    Micron (MU) beats by $0.06, beats on revs; guides Q2 EPS above consensus, revs above consensus… MU up 4.6%

    MillerKnoll (MLKN) beats by $0.05, misses on revs; guides FebQ EPS above consensus, revs below consensus; guides FY24 EPS above consensus… MLKN down 0.9%

    #69179
    MoneyNeverSleeps
    Participant

    Warner Bros. Discovery (WBD) down over -1.0% as the CEOs of WBD and Paramount (PARA) have not engaged in formal talks, according to WSJ… WBD down 1.4%; PARA down 1.0%

    #69180
    MoneyNeverSleeps
    Participant

    Dave & Buster’s (PLAY) Announces the Retirement of CFO Michael Quartieri, effective April 30, 2024… PLAY down 1.2%

    #69181
    MoneyNeverSleeps
    Participant

    Fair Value for Thursday, December 21:

    S&P 500: 4,751
    Nasdaq 100: 16,763
    DJIA: 37,443

Viewing 15 posts - 46 through 60 (of 97 total)
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