Good MorningSanta Claus brought the market exactly what it wanted for Christmas, a new all-time high. The S&P 500 advanced more than 1.0% on Monday to close near the high of the session and set a definitive new all-time high. This high breaks the market out of its recent consolidation and could add another 100 points or more to the index before the next level of major resistance is reached.
This week’s action could be a bit volatile due to low volume and engagement. The biggest news of the week will come on Thursday when they release the Chicago PMI. The PMI is expected to advance from the previous month, the question is by how much? Regardless, the data will not likely move the market unless it is wildly out of synch with the consensus estimates. The market will be closed on Friday in observance of the New Year Holiday.
Featured: Tomorrow morning's stock alert (Ad) 
|
Technology | | Yesterday we wrote about how attractive Micron (NASDAQ: MU) is looking as we close out 2021, with the likes of Mizuho and Citi both calling it a top pick for the coming year. But they’re certainly not alone in attractive semiconductor names, and as was pointed out by the latter, “busines... Read the Full Story |
|
From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
No guesswork, no scanning countless charts, just one focused opportunity to evaluate each day. | | See how the Wave Software pinpoints daily trade opportunities before 9 am. |
|
Consumer Discretionary | | Organic salad restaurant operator Sweetgreen (NYSE: SG) stock recovering off its recent IPO sell-off as investors take advantage of discounted shares. The Company operates over 140 restaurants with over 5,000 workers underscoring the plant-friendly, locally sourced, organic, and earth-friendly theme... Read the Full Story |
|
Communication Services | |
These 3 Stocks are Poised to Rebound in 2022
Although the major market indices like the S&P 500 are trading at all-time highs to end the year, there are plenty of stocks that faced significant selling pressure in 2021 that have yet to rebound. Whether it's businesses that were hurt by the pan... Read the Full Story |
|
From Our Partners | | Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to move out of overpriced AI stocks before the tech trade breaks down and into lesser-known names with real potential to challenge the Mag 7.
One pick he calls 'an upgrade to Tesla stock' is a little-known company that just inked a partnership with Nvidia, positioning it ahead of Tesla in the autonomous vehicle race. | | Get the name, ticker, and full Hotlist before markets open |
|
Finance | |
Factset Research Systems Hits Another New All-Time High
Factset Research Systems (NYSE: FDS) has a strong fundamental story that is driving its share prices higher. Factset Research Systems also has a strong technical story that is pointing not only to higher highs but an acceleration of sentime... Read the Full Story |
|
Technology | |
Momentum traders rejoice! A Santa Claus rally triumphantly manifested itself last week paving the way for a possible extended holiday run. The S&P 500 closed the shortened trading week on a festive three-day streak of green that all but erased three straight red sessions.
At the start of the ... Read the Full Story |
|
From Our Partners | | Warren Buffett's largest stock bet ever now tops 29 billion dollars, dwarfing his historic positions in Coca-Cola and Apple.
He built the stake in a company progressives have long targeted for elimination, and regulators have cleared him to own up to 50 percent of shares outstanding.
Analysts wonder if Buffett could eventually bid for the entire company. | | Watch the full breakdown of Buffett's biggest bet now |
|
Consumer Discretionary | | Wyndham Hotels & Resorts (NYSE: WH), ArcBest (NASDAQ: ARCB) , and Norfolk Southern (NYSE: NSC) are among stocks nearing buy points from constructive consolidations.
After a shaky start, domestic indexes finished last week with gains. That kind of positive action means stocks nearing breakout p... Read the Full Story |
|
Industrials | |
Institutional Ownership Is Strong At Enerpac Tool Group
Insider activity in shares of Enerpac Tool Group (NYSE: EPAC) has been sparse over the past 12 months but is no less important to price action today. While there has been only one insider trade in the last 12 months that trade was a purchas... Read the Full Story |
|
Technology | | Cloud-based cyber security solutions provider Crowdstrike (NASDAQ: CRWD) stock fell close to 2021 lows after its Q3 2021 earnings report. The cybersecurity company utilizes powerful self-learning artificial intelligence (AI) that gets smarter as it consumes more data. This is illustrated by its evol... Read the Full Story |
|
Technology | | Christmas came early this year for investors of semiconductor giant Micron (NASDAQ: MU), who released their fiscal Q1 earnings this day last week. Even though topline revenue was down 7% quarter on quarter, it was still well ahead of what analysts had been expecting. So too was the company’s e... Read the Full Story |
|
Materials | |
Keep An Eye on These Gold Stocks Next Year
Gold is a commodity that has historically been viewed as a good hedge against inflation, which is why the precious metal’s price performance over the last year has been a bit puzzling. The SPDR Gold Shares ETF (NYSEARCA:GLD), which is intended to r... Read the Full Story |
|
The Early Bird Stock Of The Day Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD. | | View Today's Stock Pick |
|
