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.. Disney launched its Disney+ service on Tuesday, offering over 500 films and 7,500 episodes of television from the media giant's massive library of content. Even better, Disney chose a price point lower than all other competitors, offering customers a huge value and incentive to add another monthly streaming service to their bills.
Besides being overwhelming, the service ran into tech errors on launch day, mostly failing to connect with users. While that may sound like bad news, the market sees this as investors clamoring to enjoy the service, and an indication of how popular the service already is on day one. That's why, despite the headline failures, Disney shares rallied 1.4 percent on the day, beating the overall market.
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| DOW 27,691.49 | 0.00% | | |
| S&P 3,091.84 | +0.16% | | |
| NASDAQ 8,486.09 | +0.25% | | |
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*As of market close |
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• | Stocks had a slight gain yesterday, although the Dow traded flat. | | • | Oil dropped 0.6 percent, to $56.90 per barrel. | | • | Gold rose 0.1 percent, to $1,459 per ounce. | | • | Cryptocurrencies declined again, with bitcoin trading around $8,750. | | |
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Two Ways to Prepare for a Recession | |
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A few months ago, it seemed that a recession was on the horizon. Now, it seems as though investors expect the market rally to continue. All this really tells us is that nobody can know exactly when a recession happens, only that they're an inevitability.
While the last recession was brutal, most recessions are short, lasting less than a year. In that time, investors can make or break a decade's worth of investment returns, depending on how they react.
» FULL STORY |
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| Insider Trading Reports: Apple Hospitality REIT (APLE) | |
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Glade Knight, Executive Chairman of Apple Hospitality REIT (APLE), added another 5,000 shares to his holdings, shelling out just over $81,000. The latest buy leaves him with over 10,407,000 shares. This adds to other buying from directors earlier in the year.
Insider data for the past three years shows numerous insider buys at the company, with zero sales. Insiders own over 6 percent of the company.
» FULL STORY |
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| Unusual Options Activity: Twilio (TWLO) | |
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The November 15th $98.50 call options on Twilio (TWLO) saw over 8,400 contracts trade, a 44-fold explosion in volume from the prior open interest under 200 contracts.
The option, expiring in two days, is about 5 percent out-of-the-money and thus on track to expire at zero. The call buyer expects some kind of move higher, and the call seller expects shares to stay under the strike price.
» FULL STORY |
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TOP | | REIGN | 19.898% | | | QCOM | 10.497% | | | NBL | 7.434% | | | XRX | 4.211% | | | ABBV | 3.361% | | | BOTTOM | | AAP | 7.511% | | | VIAB | 3.817% | | | CBS | 3.624% | | | ALB | 3.573% | | | AAL | 3.498% | | | |
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The bulls are back…global recession concerns vanish and 'Fear of Missing Out' prompts wave of optimism and jump in exposure to equities & cyclicals. We say…easy part of rally over, tougher part of rally beginning…but rally it can as no 'excess greed,' there is 'excess liquidity' (and trade/fiscal easing), and corporate earnings set to accelerate. |
-Bank of America Chief Investment Strategist Michael Hartnett on why investors have gone from fearing a recession to fear missing out on a market rally. |
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