FedEx, the global shipping company, reported such poor earnings that one analyst called them "breathtakingly bad."
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|  Good morning, . In its monthly reporting, the Kansas City Federal Reserve noted the sixth consecutive decline in its business survey. The index is now at its lowest level since February 2016.
The survey measures everything from new orders to exports to production and shipments. While physical production and delivery isn't as important as it once was in our increasingly digital age, they still matter. Worst of all, not only did production fall, but costs rose on average as well. It's just another piece warning that the economy isn't as strong as the stock market may indicate right now.
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 | DOW 28,455.09 | +0.28% | | |
| S&P 3,221 | +0.49% | | |
| NASDAQ 8,924.96 | +0.42% | | |
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| *As of market close |
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| • | Markets hit all-time highs again going into the weekend, with gains across the board. | | | • | Oil dropped 1.4 percent, to $60.35 per barrel. | | | • | Gold declined 0.2 percent, to $1,481 per ounce. | | | • | Cryptocurrencies traded flat/b>, with Bitcoin rallying 0.3 percent to $7,235. | | |
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| Two High-Priced Shares Still Worth Buying | |
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Price and value are two completely different concepts. A stock trading at $10,000 per share may be cheap, and a company trading for $1 may be expensive.
There are plenty of companies with shares north of $100. While that's a price that may scare folks off, it's no indication of a firm's value.
With plenty of companies in this " expensive but a good value" category going forward, it isn't too hard to find some of the best high-priced companies worth buying.
» FULL STORY |
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| Insider Trading Reports: Corporate Office Properties Trust (OFC) | |
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Stephen Budorick, President and CEO of Corporate Office Properties Trust (OFC), recently added 1,562 shares. The buy cost just under $45,000.
Budorick has been a buyer in recent days, with purchases in the 1,000 to 1,600 share range each time.
All told, he has bought over 6,500 shares this month. Insider data shows some sales from directors as well this year, with some large sales back in the summer, well before the CEO started a near-daily buying binge.
» FULL STORY |
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| Unusual Options Activity: AT&T (T) | |
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January 31st, 2020 $40.50 call options on AT&T (T) saw a 25-fold rise in open interest, going from 205 contracts to over 5,000 trade hands. With 39 days until expiration, the bet is that shares will rally another $1.50, or 3.8 percent from their current price around $39. The buyer paid around $0.32, or $32 per option contract, and would need to see shares closer to $41 to make a profit at expiration.
» FULL STORY |
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| TOP | | | CCL | 7.631% | | | | MOS | 5.388% | | | | NWL | 4.802% | | | | CAG | 4.189% | | | | IOV | 4.182% | | | | BOTTOM | | | KMX | 6.155% | | | | ABMD | 4.282% | | | | FFIV | 2.722% | | | | HSIC | 2.669% | | | | IVZ | 2.255% | | | |
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| EiThis isn't simply an ephemeral 'Santa Rally' without any fundamental underpinnings. The fact Trump is coming off a very strong month of news (notwithstanding impeachment) is another tailwind for this tape. |
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- Adam Crisafulli, founder of Vital Knowledge, explaining why stocks will continue a seasonal rally trend into the end of the year.  |
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