A few different indicators come into play with the start of the year. One, called the "first five days," looks at the trading performance of the first trading week of the year going back to 1950.
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| |  Good morning. A few different indicators come into play with the start of the year. One, called the "first five days," looks at the trading performance of the first trading week of the year going back to 1950. If stocks finish higher in the first five days of the year, over 80 percent of the time the market will be up for the year as a whole.
If that's the case, we're 1 day down, and 4 to go to indicate an upbeat year for stocks in 2020. Sure, nothing moves in a straight line, and today's bullishness will undoubtedly fade at some point in the year. For now, however, enjoy the party.
| | | | | | | | Is Your Tax Adviser Keeping This Secret From You? | | | | | Not many Americans realize they could be deducting more than $31,000 on their taxes next year. More surprising is that this IRS-approved tax break is spelled out in public documents, yet most folks don't know it exists.
With market volatility ahead, the best way to grab more income is by saving more on your taxes. It's simple to do — you just need to know where to look. Click here now for more details.
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| | |  | DOW 28,868.80 | +1.16% | | | | S&P 3,257.85 | +0.84% | | | | NASDAQ 9,092.19 | +1.33% | | | | | *As of market close | | | • | The stock market roared on the first trading day of 2020, with solid gains across the board. | | | • | Oil prices rose 0.15 percent, to $61.15. | | | • | Gold rallied 0.5 percent, hitting $1,530 per ounce. | | | • | Cryptocurrencies dropped, with Bitcoin sliding 3.2 percent to $6,970. | | | |
| | | Two Chinese Stocks For 2020 and Beyond | | | | China started the New Year off with a bang—at least financially. The country's central bank provided more liquidity into the banking system.
While some are concerned that this policy may not end well, for the moment, the market is excited for it.
That's because it could give enough of a boost to keep the Chinese economy from further slowing, creating more wealth-generating opportunities for investors. We've identified two companies that can profit from that trend.
» FULL STORY | | | | |
| | Insider Trading Reports: USA Technologies (USAT) | | | | James Pollock, Chief Compliance Officer at USA Technologies (USAT), recently doubled his stake with the purchase of an additional 2,189 shares.
The buy cost just under $15,000, and left him with a total of 4,362 shares. This is the second buy from Pollock in a month, and a major fund has been acquiring shares in large blocks throughout the autumn.
The last insider sales occurred in 2017, at share prices up to 23 percent higher from the current price.
» FULL STORY | | | | |
| | Unusual Options Activity: Conoco Phillips (COP) | | | | January 24th call options on Conoco Phillips (COP) with a $66 strike price saw a 34-fold rise in trading volume.
Going from 108 open contracts to nearly 3,700, the trade is a bet that shares can move at least $0.50 higher from their current price around $65.50.
The call buyer paid just under $1.50 per share for the option, so a move to $67.50 will allow the trade to profit at expiration.
» FULL STORY | | | | |
| | | | TOP | | | AMD | 7.065% | | | | GE | 6.9% | | | | WDC | 4.208% | | | | WAB | 4.049% | | | | XLNX | 3.969% | | | BOTTOM | | | KIM | 5.36% | | | | IRM | 4.581% | | | | KSS | 3.611% | | | | LB | 3.477% | | | | SLG | 3.233% | | | | |
| | |  | | The ongoing concerns about recession risk among business leaders reflect the slowing economy of the past year and the uncertainties about the outcome of the trade disputes and other policy concerns. However, given a slightly better outlook for the global economy and an easing of trade tensions, we anticipate that a drumbeat of negative sentiment — which can become a self-fulling prophecy — can be avoided, and that we will see more confidence about business prospects in 2020 | | - Bart van Ark, chief economist at The Conference Board, on why CEO pessimism about the economy can either fade away on more upbeat news.  | |
| | Is Your Tax Adviser Keeping This Secret From You? | | |  Not many Americans realize they could be deducting more than $31,000 on their taxes next year. More surprising is that this IRS-approved tax break is spelled out in public documents, yet most folks don't know it exists.
With market volatility ahead, the best way to grab more income is by saving more on your taxes. It's simple to do — you just need to know where to look. Click here now for more details.
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