Investors have been frustrated over the past few years thanks to the trade war. Every piece of bad news, even if just a rumor, has been enough to send stocks down.
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| |  Good morning.. We're a bit wary of mega-mergers. In 2000, the AOL/Time Warner merger signaled a market top. And the RJR/Nabisco merger in the late 1980's signaled a long pause in the markets before heading higher—and a temporary end to leveraged buyouts.
Today, with private equity giant KKR making a bid for drugstore chain Walgreens Boots Alliance in what could be the new largest buyout offer ever of nearly $80 billion, we can't help but wonder if this will look like a turning point for this long-running market rally.
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 | DOW 27,691.49 | +0.04% | | |
 | S&P 3,087.01 | -0.20% | | |
| NASDAQ 8,464.28 | -0.13% | | |
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| *As of market close |
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| • | Stocks dropped yesterday, but managed to close near the highs of the day. | | | • | Oil dropped 0.6 percent, to $56.90 per barrel. | | | • | Gold dropped another 0.5 percent, to $1,456 per ounce. | | | • | Cryptocurrencies declined again, with bitcoin trading around $8,750. | | |
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| Two Reasons to Add to Your Cannabis Stake Now | |
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Investing can often come down to cycles. Most assets move in them, swinging between being in favor with the market and becoming overbought, or swinging out of favor and becoming oversold.
Right now, cannabis stocks are still out of favor with the market. They'll swing back in favor in time, but a few short-term fears are weighing on the price. However, there are some early indications that the turn is starting.
» FULL STORY |
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| Insider Trading Reports: Luminex (LMNX) | |
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Walter Loewenbaum picked up 81,657 shares at Luminex Corporation (LMNX), where he serves as a director. Shelling out just under $1.47 million, the buy increases his stake by just 4.1 percent. This is the second insider buy this year following a 5,000-share pickup by the CEO in August.
Insider data shows large selling activity from 2018 to 2018, followed by a lull with no activity before the current insider buying.
» FULL STORY |
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| Unusual Options Activity: Kontoor Brands (KTB) | |
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The December 20th $30 put options on Kontoor Brands (KTB) saw nearly 15,000 contracts trade recently, a 90-fold explosion in volume from the prior open interest of 166 contracts and a huge sign of confidence for a drop.
The bet implies about a 20 percent downside for shares from their current price of $36.00 before year-end. With a price of just $0.53, or $53 per contract, the option has the potential for a huge move if shares drop.
» FULL STORY |
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| TOP | | | REIGN | 4.718% | | | | QCOM | 4.501% | | | | NBL | 4.232% | | | | XRX | 4.128% | | | | ABBV | 3.902% | | | | BOTTOM | | | GPS | 7.641% | | | | ALB | 4.777% | | | | BKNG | 4.061% | | | | HOLX | 3.996% | | | | JCI | 3.192% | | | |
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| I think the wealthy have been getting wealthier too much in many ways, so middle class incomes have been kind of flat for maybe 15 years or so, and that's not particularly good in America…. We haven't done a good job growing our economy. That would've fixed a lot of that problem. |
- Jamie Dimon, JPMorgan Chase CEO on wealth inequality and how to solve the problem without vilifying wealth creators.  |
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