Good morning. The week of Christmas through the end of the year is dubbed the "Santa Claus Rally."
It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.
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| | | | DOW 30,215.99 | +0.12% | | | | S&P 3,694.94 | -0.39% | | | | NASDAQ 12,742.52 | -0.10% | | | | *As of market close | | • | Stocks traded mixed Monday, but closed near the highs of the day. | | • | Oil dropped 2.7 percent, closing at $47.49 per barrel. | | • | Gold dipped 0.4 percent, ending at $1,880 per ounce. | | • | Cryptocurrencies generally declined, with Bitcoin last trading at $22,845. | | | | | | | | This Underperformer in the Streaming Wars Looks Attractive | | | | After Netflix (NFLX) was allowed to dominate the streaming world for nearly a decade, a number of media companies have belatedly created their own services to play on this growing space. The streaming wars have created a multitude of players. Unlike Netflix, most have operations in other areas outside streaming as well, which can create new opportunities in the post-Covid era. That's particularly true for companies that have highly-profitable operations that can compliment their streaming activities.
» FULL STORY | | | | | | Insider Trading Report: Viatris (VTRS) | | | | James Kilts, a director at Viatris (VTRS), recently added 27,736 shares. The buy increased his holdings by nearly 75 percent, and came to a total cost of just under $500,000. This is the second insider buy of the year following another purchase from a director in August. There's also been one sale this year. Insiders have been sellers at higher prices back in 2018 and 2019. » FULL STORY | | | | | | Unusual Options Activity: Snap Inc. (SNAP) | | | | Shares of social media company Snap Inc. (SNAP) have had a strong rally year-to-date. At least one trader sees a pullback in shares by year-end. That's based on the December 31st $48 puts. With shares trading near $53, they'd need to decline nearly 10 percent for this option to move in-the-money. The buyer paid about $0.45 for the puts. Over 19,970 contracts traded, a 130-fold rise from the prior open interest of 154.
» FULL STORY | | | | | | | TOP | | AIV | 7.08% | | | GS | 6.133% | | | MS | 5.687% | | | NKE | 4.91% | | | AIRC | 4.134% | | | BOTTOM | | TSLA | 6.495% | | | OXY | 5.67% | | | LBTYA | 4.94% | | | LBTYK | 4.932% | | | SLG | 4.044% | | | | | | | | | Stock Trader's Almanac explored why end-of-year trading has a directional tendency. The Santa Claus indicator is pretty simple. It looks at market performance over a seven day trading period – the last five trading days of the current trading year and the first two trading days of the New Year. The stats are compelling. The stock market has risen 1.3% on average during the 7 trading days in question since both 1950 and 1969. Over the 7 trading days in question, stock prices have historically risen 76% of the time, which is far more than the average performance over a 7-day period. | | - Lance Roberts of RealInvestmentAdvice.com on the size and strength of the Santa Claus rally on average. | | |
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