FedEx, the global shipping company, reported such poor earnings that one analyst called them "breathtakingly bad."
 | You're receiving this email because you are subscribed to Trading Tips,
if you no longer wish to receive these emails you can Manage Subscriptions. | |  | | |
|  Good morning, The repo market—where banks provide overnight lending to each other via their excess reserves held at the Fed—has been a source of concern in recent weeks.
Yet term repo demands are dropping going into the last few trading days of the year. The last term repo had $35 billion available, and lenders only borrowed $28.8, a sizeable change from some of the oversubscribed repos in recent weeks. That indicates that the current market rally will likely continue, at least until January.
|
| | |
|
|
| | |
 | DOW 28,551.53 | +0.34% | | |
| S&P 3,224.01 | +0.09% | | |
| NASDAQ 8,945.65 | +0.22% | | |
|
| *As of market close |
|
| • | Markets again hit record highs, with gains across the board. | | | • | Oil rose 0.4 percent, to $60.70 per barrel. | | | • | Gold rallied 0.6 percent, to $1,489 per ounce. | | | • | Cryptocurrencies were generally down/b>, with Bitcoin dropping 1.2 percent $7,445. | | |
|
|
|
| Two Stocks that Missed the Santa Claus Rally | |
|
|
The past 12 months have been one of the best performing periods ever. Since last Christmas Eve, the S&P 500 Index is up 37 percent, more than making up for the slump at the end of 2018.
With many companies getting into the seasonal holiday spirit and rallying as well right now, a few companies have otherwise bucked the trend.
We think they're solid buys that should give investors better returns when the rest of the market cools in 2020.
» FULL STORY |
|
| |
|
|
| Insider Trading Reports: FedEx Corp (FDX) | |
|
|
John Edwardson, a director at FedEx Corp (FDX), picked up 10,000 shares. The buy increased his holdings by nearly 15 percent.
At current prices, the buy came to just over $1.48 million. This buy is in addition to other director buys in the past few months, including one by Edwardson back in early November.
Insider data shows some
sales earlier in the year, at prices far higher than where shares now trade.
» FULL STORY |
|
| |
|
|
| Unusual Options Activity: Tesla Motors (TSLA) | |
|
|
16 months ago, Tesla Motors (TSLA) CEO Elon Musk tweeted about taking the company private at $420 per share. When that deal didn't go through, shares got hammered—but now shares are closing in on that price after a massive rally.
Some traders think this is a sign that the rally is about to end, judging by the activity in Tesla Motors put options.
The December 27th $415 puts saw over 4,900 contracts trade, a 13-fold rise in volume.
» FULL STORY |
|
| |
|
| | |
| TOP | | | APA | 17.286% | | | | APMD | 4.635% | | | | FTI | 3.462% | | | | SLB | 3.449% | | | | HES | 3.162% | | | | BOTTOM | | | COTY | 4.094% | | | | KMX | 3.808% | | | | CAG | 2.994% | | | | NLSN | 2.982% | | | | NWL | 2.618% | | | |
| | |
 |
| The Board determined that a change in leadership was necessary to restore confidence in the company moving forward and that we will proceed with a renewed commitment to full transparency, including effective and proactive communications with the FAA, other global regulators and our customers. |
|
- Boeing CFO Greg Smith, on the board's decision to replace the CEO and move the company past the 737 Max scandal with all due speed.  |
|
No comments:
Post a Comment