The Santa Claus rally is in full swing. The Nasdaq index broke 9,000 for the first time ever. More interestingly, that index is up for the last 11 trading days in a row. What are the odds? It depends on which market theory you use.
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|  Good morning, The holiday season demonstrated that retail is strong—and that e-commerce is still a growing force. Early numbers show that total retail sales grew by 3.4 percent compared to last year, but online sales rose a whopping 18.8 percent.
And thanks to online buying, shoppers spent over $4 billion just on Thanksgiving Day without leaving the house. These trends suggest that consumers are strong and so is the economy. The downside? Brick-and-mortar based retailers will likely continue to suffer declines in the years ahead.
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 | DOW 28,645.26 | +0.08% | | |
| S&P 3,240.02 | +0.00% | | |
 | NASDAQ 9,006.62 | -0.17% | | |
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| *As of market close |
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| • | Markets traded flat into the weekend, breaking a long-running win streak. | | | | • | Oil traded flat as well, closing at $61.68. | | | | • | Gold rose ten cents, moving to $1,514.50. | | | | • | Cryptocurrencies generally rallied, with bitcoin trading around $7,285. | | | | |
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| Two Struggling Companies Now that Could Win Big in 2020 | |
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A few companies lagged the best stock market performance in years. For some, it was because their operations struggled.
For others, it was because they already outperformed. And for a small handful, it came down to how the market perceived their product.
That's the case with companies both old and new, profitable or not. And when investors look for new opportunities, perceptions will likely become more favorable.
» FULL STORY |
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| Insider Trading Reports: NuStar energy LP (NS) | |
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Dan Hill, a director at NuStar Energy (NS), picked up 1,500 shares recently. The buy increased his stake by 3.5 percent, and came to just under $40,000.
The buy comes after a mixed year for insider buying, with a number of sales back in February, but some massive insider buys in May and November, including a 527,000 share buy from another director.
Overall, buying has substantially outnumbered selling at NuStar this year.
» FULL STORY |
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| Unusual Options Activity: JD.com (JD) | |
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The June 2020 $44 calls on JD.com (JD) saw a 20-fold rise in volume, going from 100 open trades to over 2,000 contracts change hands.
Shares currently trade just over $36, so a move to $44 in the next 172 days before expiration implies a 22 percent upside for shares.
The option buyer paid about $1.08, or $108 per contract. That's a low price that could lead to triple-digit returns if shares rally sufficiently.
» FULL STORY |
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| TOP | | | CTL | 2.365% | | | | GIS | 1.469% | | | | KIM | 1.466% | | | | CAG | 1.454% | | | | MKC | 1.315% | | | | BOTTOM | | | AAL | 4.146% | | | | DVN | 2.39% | | | | MOS | 2.031% | | | | MU | 1.951% | | | | CF | 1.878% | | | |
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| We're already at 19 times forward earnings. My feeling is we either start to see a dramatic acceleration of earnings growth expectations or we have to digest these gains. Maybe it won't happen until the beginning of January, but I think we're getting ahead of ourselves. |
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- Sam Stovall, Chief Market Strategist at CFRA, on the speed of the market rally and how it will play out from here.  |
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