 | | |  Good morning. Energy was the market's sole winning sector in 2022. This year, that trend has reversed, as investment trends often do. Despite a push higher in oil prices over the summer, as well as repeated production cuts by OPEC, oil is back around the $70 range in the U.S.
With many energy companies now making mega-deals and consolidating in the space, however, this could be a contrarian buy now. And for those who may feel left out after the market's recent surge higher, there are plenty of ways to invest in the oil space for capital gains, as well as dividends.
Traders can even use merger news as an opportunity to make smaller, but consistent profits, with arbitrage bets. And investors can get many energy names closer to their 52 week lows compared to their 52 week highs.
Now here's the rest of the news: | | | | | | | | Tesla Reveals 2023 Master Plan | | | | | | Elon Musk just shared his new Master Plan for Tesla (NASDAQ: TSLA)...
But what he didn't share is the +1,766% profit opportunity it has for investors who place the right trades, RIGHT NOW.
All the urgent details are in my FREE report: Elon Musk Reveals Secret Master Plan 3.0
This grand plan will spark America's 4th Industrial revolution. And you could soon see... - 10 million new Tesla's on the road every year
- Self-driving Semi-trucks powered by AI
- 12,000 satellites providing internet worldwide
- Solar panels on the roofs of every American home
- Private spaceships traveling to Mars with +100 people
Elon is partnering with several undiscovered companies to turn this into a reality.
And today you can scoop up shares before the next billion-dollar partnership.
Click here to claim your FREE report. | |
| | |  | DOW 37,090.24 | +1.40% | | | | | S&P 4,707.09 | +1.37% | | | | | NASDAQ 14,733.96 | +1.38% | | | | | *As of market close | | | • | Stocks soared Wednesday, as the Fed kept interest rates steady and hinted at cuts next year. | | | • | Oil rose 1.6 percent, closing at $69.70 per barrel. | | | • | Cryptocurrencies trended higher, with Bitcoin trading at $42,870 at the stock market close. | | | • | Cryptocurrencies jumped higher, with Bitcoin at $36,525 at the stock market close. | | | | | | | |
| | | The Momentum Is Still Positive for This Winning Stock | | | | There are many ways to invest in the market. One strategy is to follow stocks that have been going up. This is known as momentum trading.
While many investors expect the market to potentially change with the start of a new calendar year, it's likely that momentum will carry forward into the first months of 2024. That means that many of 2023's big winners still have some upside in the coming months.
» FULL STORY | | | | |
| | Insider Activity Report: Union Pacific (UNP) | | | | Vicenzo Vena, CEO of Union Pacific (UNP), recently bought 4,500 shares. The buy increased his position by a massive 742 percent, and came to a total cost of $999,007.
This is the first insider buy at the railroad since October 2022, when a company director bought 1,380 shares, paying just under $260,000. Otherwise, there have been some small insider sales over the past two years.
» FULL STORY | | | | |
| | Unusual Options Activity: JetBlue Airways (JBLU) | | | | Regional air carrier JetBlue Airways (JBLU) has lost 25 percent of its value over the past year, as the company has been working on a massive acquisition. One trader sees shares floundering in the weeks ahead.
That's based on the December 29 $5.50 puts. With 15 days until expiration, 15,271 contracts traded compared to a prior open interest of 141, for a 108-fold rise in volume on the trade. The buyer of the puts paid $0.30 to make the bearish bet.
» FULL STORY | | | | |
| | • | Wholesale Prices Stayed Flat in November
The producer price index, which measures wholesale prices, was unchanged for November compared to October. That's just slightly under expectations for a 0.1 percent gain. On a year-over-year basis, PPI is now at 0.9 percent, down from a peak of 11.5 percent in March 2022. | | | | • | Cardboard Prices Rise
Prices for cardboard are going up between $70 to $75 per ton, about a 9 percent rise from the $825 per ton they were at in October. The increase reflects demand for cardboard, which is a key component for shipping goods. This is the first increase in cardboard prices since early 2022. It is too early to know if this is a one-time adjustment or the start of a new trend. | | | | • | EU Moves to Expand Gig Worker Rights
The European Union has finalized its Platform Worker Directive, which will expand and clarify rights of gig workers. An estimated 5.5 million people are currently gig workers, particularly those working through digital platforms, who may be wrongly classified as self-employed. | | | | • | Tesla Recalls Two Million Cars
Tesla Motors (TSLA) has announced a recall of 2 million vehicles, about the same as their total number on roads in the U.S. alone. The recall impacts the car's driver monitoring system, which kicks on when the Autopilot mode is engaged. Updates to the software are already being sent. | | | | • | Netflix Reports Viewership Data
Streaming giant Netflix (NFLX) is set to release an Engagement Report twice a year, measuring the hours viewed for every title with over 50,000 hours of views. The initial report covers 18,000 titles, and viewing hours appear to be a key metric to determine the success of a show. | | |
| | | | TOP | | | VRTX | 12.454% | | | | RVTY | 9.524% | | | | ALB | 8.52% | | | | BXP | 8.143% | | | | ZION | 7.999% | | | | BOTTOM | | | PFE | 6.788% | | | | LUV | 4.718% | | | | LIN | 4.521% | | | | ETSY | 3.169% | | | | PGR | 2.634% | | | | |
| | |  | | Bulls and bears each have their talking points about the [November] consumer price index, but the fact of the matter was that the number was very consistent with expectations, and thus changes little. The consensus mindset seems eager for a buyable pullback (as underinvested people would like to deploy sidelined capital) which is likely why one doesn't seem to be happening. | | - Adam Crisafulli, founder and president of Vital Knowledge, on why the market is likely to continue with its year end rally without a sizeable pullback first following the latest inflation data, which was in-line with expectations. | |
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