FedEx, the global shipping company, reported such poor earnings that one analyst called them "breathtakingly bad."
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|  Good morning, The House of Representatives, on a near-party-line vote, impeached President Donald Trump. This is only the fourth time the process has been done. A trial by the Senate, which requires a super-majority of 66 votes, can lead to the removal of the President from office.
So far, the market, expecting a party-line vote in the senate as well, sees little change happening in Washington until next year's election. Traders expecting the political theater to impact the markets as much as the trade war headlines will have to look elsewhere for a tradeable pattern.
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 | DOW 28,376.96 | +0.49% | | |
| S&P 3,205.37 | +0.45% | | |
| NASDAQ 8,887.22 | +0.67% | | |
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| *As of market close |
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| • | Markets gained yesterday, once again hitting new highs. | | | • | Oil prices rose 0.6 percent, to $61.30 per barrel. | | | • | Gold increased 0.3 percent, to $1,483 per ounce. | | | • | Cryptocurrencies mostly dropped, with Bitcoin declining to $7,187. | | |
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| Two High-Rated Stocks Worth Buying Now | |
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With a great year for the stock market nearly over, there are a few different ways to find top performers going forward.
One such strategy is to follow companies that continue to rack up "buy" ratings from Wall Street analysts.
That's because analyst ratings tend to create a buzz around a stock, and entice institutional investors to buy, and possibly even buy more if they already own shares.
» FULL STORY |
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| Insider Trading Reports: Banc of California (BANC) | |
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James Barker, a director at Banc of California (BANC), recently bought 10,820 shares, more than tripling his stake. The $177,000 buy leaves him with just over 14,200 shares.
This follows a buy earlier this month from the company president and CEO, who picked up 16,500 shares.
Buying data shows that insiders have been buyers since September 2018, with no sales since August 2018.
» FULL STORY |
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| Unusual Options Activity: Intel (INTC) | |
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July 2020 $65 call options on Intel (INTC) saw a 19-fold increase in volume. Going from 213 to over 3,900 contracts, the bet is that shares will continue their rally.
The recent price for shares around $57.50 relative to the option strike price indicates a 13 percent move higher in the next 210 days before expiration.
The traders paid around $1.55, or $155 per contract.
» FULL STORY |
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| TOP | | | CAG | 15.869% | | | | NFLX | 3.56% | | | | ECL | 3.28% | | | | AMT | 2.868% | | | | MU | 2.809% | | | | BOTTOM | | | DRI | 6.259% | | | | ABMD | 4.282% | | | | M | 2.722% | | | | FLT | 2.669% | | | | SNA | 2.255% | | | |
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| Eight out of nine times that we've had an up year like we had this year, it's followed by another decent up year. Not quite as strong, but still strong, and so I'll go with history. |
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- UBS Financial Services Managing Director Art Cashin on why he expects the stock market to continue to rally in 2020.  |
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