| The 12 Stocks of Christmas Who could rebound the most in December? The end of the year is an excellent time for traders; data going back over three decades notes that December often sees a stock market rally to cap the end of the trading year. This report looks at 12 Stock Picks for this year's Santa Rally to assess which of them have the best potential for recovery.78% of retail clients lose money, consider affordability. Download Here | | | London open: Stocks rise on upbeat Wall St cues | | | | | London stocks rose in early trade on Friday, taking their cue from a late recovery on Wall Street. At 0820 GMT, the FTSE 100 was 0.8% higher at 6,637.26, while the pound was up 0.1% against the dollar at 1.2654 and 0.2% lower versus the euro at 1.1041. Mike van Dulken, head of research at Accendo Markets, said all the late reversal on Wall Street did was "add to what has become a surprisingly volatile end to the trading year, seemingly doing its best to compress 2018's moves into the space of just a few days". "Portfolio re-rebalancing and automated trading are still being blamed, along with a poor US consumer confidence data and bargain-hunting amid thin holiday volumes. That said head-scratching is widespread while all the same headwinds prevail; US government shutdown, US/China trade uncertainty, Brexit, monetary policy tightening, oil supply/demand, etc." Brexit was in focus after Labour Leader Jeremy Corbyn said the vote on the EU withdrawal agreement - due to happen in the week starting 14 January - must take place "as soon possible". Corbyn urged Prime Minister Theresa May to cut the Christmas recess short and recall Parliament so that MPs can vote on the deal. In an interview with the Independent, Corbyn said: "I want us to have a vote as soon as possible, that’s what I’ve been saying for the past two weeks, and if that means recalling parliament to have the vote let’s have it. "But it looks to me the government has once again reneged on that and tried to put it back another week." MPs are due back in the Commons on 7 January. Corporate news was thin on the ground. Bank of Georgia rallied as it said it had raised $35m in two separate deals to finance local businesses. The group said it had co-operated with the Green for Growth Fund to raise $25m to finance micro and small enterprises, large businesses and public entities. A second deal with the European Fund for Southeast Europe to raise $10m with a maturity of five years will support the working capital financing and investment needs of micro and small enterprises. Irish building materials seller CRH gained after saying it had completed the third phase of its €1bn share buyback programme, returning a further €100m to shareholders and taking the total since April to €800m. Outside the FTSE 350, Cambridge-based Xaar, which supplies industrial inkjet printheads, tumbled as it warned that revenue for 2018 will be below the previous year as trading in the three months to December has continued to be below its expectations. | | | | | MERRY CHRISTMAS For a limited time only we are offering a 2 week FREE Trial of our Trading Alerts. Register now | | | | Top 10 FTSE 100 Risers| Sponsored by Interactive Investor | 
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| | | | | Are you looking for a profitable trading strategy? Do you have 20 minutes a day to follow this strategy? Yes! Then you need to watch this session. In fact for the past 6 months this strategy has been averaging +1275 pips per month! Book A Free Place To Find Out More | | | Europe open: Shares start in upbeat mood after Wall St rally | | | | | December's roller-coaster ride for equities continued on Friday as European shares opened higher after another day of volatility on Wall Street. The Stoxx 600 started the day almost 0.6% higher, with all European bourses taking their lead from the US. London, Paris, Italy, Spain and Germany were all higher. US markets endured a day of swings, with shares lower at midday but finishing the day higher with the Dow up 1.13%, the S&P adding 0.85% and the Nasdaq 0.38%. The Dow staged a late rally to wipe out earlier losses and close 260 points higher on Thursday, following its 1,000 point surge in the previous session, its biggest one-day points gain ever, to help bounce back from the Street's worst-ever Christmas Eve performance earlier in the week. Adding to the upbeat tone was news that a US government delegation will head to Beijing in January to hold trade talks with Chinese officials. Investors have plenty on their plate to ponder, trade disputes between China and the US, higher American interest rates, the continuing government shutdown in Washington, Brexit and a slowing Chinese economy. Volumes remained thin with traders still on holiday and a dearth of corporate news. Endesa led the fallers as the stock went ex-dividend, while oil explorer Aker BP rose after the Norwegian Petroleum Directorate approved the company's request to drill two exploration wells in the southern Norwegian North Sea. | | | US close: Stocks close higher, erasing earlier losses | | | | | US stocks closed higher on Thursday, erasing sharp losses earlier in the session to continue solid gains recorded a day earlier despite concerns about Sino-US relations resurfacing. At the close, the Dow Jones Industrial Average was 1.14% higher at 23,138.69, while the S&P 500 was up 0.86% at 2,488.80 and the Nasdaq was 0.38% stronger at 6,579.49. The Dow staged a late rally to wipe out earlier losses and close 260 points higher on Thursday, following its 1,000 point surge in the previous session, its biggest one-day points gain ever, to help bounce back from the Street’s worst-ever Christmas Eve performance earlier in the week. Stocks in the US had rallied on the back of Mastercard data showing that sales during the holiday season rose the most in six years in 2018 and after Kevin Hassett, chairman of the White House Council of Economic Advisers, affirmed that Fed chairman Jerome Powell’s job was "100% safe". Adding to the upbeat tone was news that a US government delegation will head to Beijing in January to hold trade talks with Chinese officials. The positive mood was short-lived, however, with traders likely stepping in to book some profits. On the macro font, figures released by the Labor Department earlier showed the number of Americans filing for unemployment dipped a touch last week. US initial jobless claims fell by 1,000 from the previous week’s revised level to 216,000. The previous week's level was revised up by 3,000 to 217,000. Economists had pencilled in a level of 217,000. Meanwhile, the four-week moving average declined by 4,750 to 218,000. The previous week's average was revised up by 750 to 222,750. The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the health of the labour market. Elsewhere, West Texas Intermediate slipped 1.17% to $45.68 a barrel on Thursday and Brent Crude dropped 2.22% to $53.26. The USD dipped 0.16% against the GBP to 0.7903. In corporate news, Boston Scientific picked up 2.38% after analysts saw its takeover of Millipede as a good strategic fit for the firm, while Adept shares ticked ahead 0.68% despite being hit with a fine for dodging reporting guidelines by the SEC. | | | Friday newspaper round-up: Energy price hikes, house prices, Three | | | | | This year has proved the worst ever for the number of price rises energy suppliers have inflicted on consumers. Energy firms announced a total of 57 price increases in 2018 compared with 15 last year, according to new analysis. Some of the challenger firms upped tariffs as many as three times across the year and several of the big six that dominate the market raised them twice. Altogether, an average of £74 was added to annual dual fuel bills. – Guardian The seaside town of Ryde on the Isle of Wight, Smethwick in the West Midlands and Diss in Norfolk were the top towns for property growth in 2018, with prices up as much as 10% in a year when house price inflation across the UK fell to 1%. The biggest price fall was in Alnwick, Northumberland, best known for its castle used as a location in the Harry Potter films, where values dropped by 6.6%. Biggleswade in Bedfordshire, Nantwich in Cheshire and Eastleigh in Hampshire all recorded price falls of 5% or more. - Guardian Britons are switching jobs in record numbers, analysis of official figures shows, as the tight labour market helps workers secure higher pay. More than one in every 40 workers moved to a new job in the three months to September, amounting to 860,000 people giving up one position to take another role. - Telegraph One of Britain's largest mobile providers is facing growing pressure to review its links with Huawei after the UK defence secretary voiced "grave concerns" over use of the controversial Chinese company's equipment in the roll-out of 5G telecom networks across the UK, amid espionage fears. Three, a subsidiary of Hong Kong conglomerate Hutchison Holdings, signed a deal with Huawei in June to act as a key supplier for a £2bn project to build 5G networks in the UK. Hutchison is part of a sprawling international business empire controlled by Li Ka-Shing, Hong Kong's richest man. - Telegraph The government is considering new laws to protect consumers who lose money on items they have ordered when a business collapses. The move, led by Greg Clark, the business secretary, is intended to give shoppers greater peace of mind when buying products online, purchasing gift vouchers or participating in payment schemes such as Christmas savings clubs after a string of high street insolvencies that have left people out of pocket. - The Times | |
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| America's #1 Pot Expert reveals $22.6 billion opportunity If you're kicking yourself for missing historic, once-in-a-lifetime American pot stock gains like 16,700%... 17,054%... even 127,900%... This could be your FINAL chance to claim your share of legal marijuana wealth. Click HERE... | | | | The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to give back ground after moving sharply higher over the course of the previous session.
Traders may look to cash in on the substantial rally seen on Wednesday, when the Dow recorded its biggest single-day point gain in history.
The upward move may have been exaggerated by light volume in post-holiday trading, inspiring traders to quickly pull out of their positions.
Lingering concerns about the global economic outlook and the ongoing government shutdown may also contribute to a pullback on Wall Street.
While the Senate is expected to reconvene later today after adjourning for Christmas, the government shutdown seems likely to continue as President Donald Trump and Democratic lawmakers remain at an impasse over border wall funding.
Following the sell-off seen in recent sessions, stocks showed a significant rebound over the course of the trading day on Wednesday. The major averages fluctuated early in the session but moved sharply higher as the day progressed.
Going into the close, the major averages saw further upside, reaching new highs for the session. The Dow soared 1,086.25 or 5 percent to 22,878.45, the Nasdaq spiked 361.44 points or 5.8 percent to 6,554.36 and the S&P 500 surged up 116.60 points or 5 percent to 2,467.70.
Bargain hunting contributed to the rally on Wall Street, with traders picking up stocks at reduced levels on the heels of recent weakness.
The continued sell-off seen in a holiday-shortened session on Monday dragged the major averages down to their lowest closing levels in well over a year.
The extent of the upward move may have been exaggerated by below average volume, however, as many traders remained away from their desks after the Christmas Day holiday on Tuesday.
A lack of major U.S. economic data also kept traders on the sidelines, although reports on new home sales, consumer confidence, and pending home sales may attract attention in the coming days.
Positive sentiment may have been generated by members of President Donald Trump's administration continuing to downplay reports the president has privately discussed firing Federal Reserve Chairman Jerome Powell.
White House Council of Economic Advisers Chairman Kevin Hassett told reporters that Powell's job is "100 percent" safe.
Asked if he meant the Fed Chairman's job is not in jeopardy by the president, Hassett added, "Absolutely. That's correct."
The comments from Hassett come after Treasury Secretary Steven Mnuchin also disputed the reports in a post on Twitter on Saturday, claiming Trump disagrees with the Fed's policy but never suggested firing Powell.
Meanwhile, the partial government continued, with Trump stating the government will not reopen until Democrats agree to fund his controversial border wall.
Rebounding following a recent sell-off, energy stocks showed a substantial move back to the upside along with the price of crude oil.
Reflecting the strength in the energy sector, the NYSE Arca Natural Gas Index soared by 7.7 percent, while the Philadelphia Oil Service Index and the NYSE Arca Oil Index and the surged up by 6.5 percent and 6.4 percent, respectively.
Significant strength was also visible among retail stocks, as reflected by the 6.9 percent jump by the Dow Jones Retail Index. The index rebounded after ending the previous session at its lowest closing level in a year.
The rebound by retail stocks came after data released by Mastercard (MA) showed U.S. holiday retail sales recorded the strongest growth in six years.
Software, biotechnology, semiconductor, and transportation stocks also saw considerable strength, moving higher along with most of the other major sectors.
Meanwhile, gold stocks were among the few groups to buck the uptrend, with the NYSE Arca Gold Bugs Index falling by 1.2 percent.
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First-time claims for U.S. unemployment benefits edged slightly lower in the week ended December 22nd, according to a report released by the Labor Department.
The report said initial jobless claims slipped to 216,000, a decrease of 1,000 from the previous week?s revised level of 217,000.
Economists had expected jobless claims to inch up to 217,000 from the 214,000 originally reported for the previous week.
At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of December. The consumer confidence index is expected to drop to 134.0 in December after falling to 135.7 in November.
At 1 pm ET, the Treasury Department is scheduled to announce the results of its auction of $32 billion worth of seven-year notes.
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Shares of JPMorgan Chase (JPM) are moving notably lower in pre-market trading after the SEC said the financial giant will pay more than $135 million to settle charges of improper handling of ?pre-released? American Depositary Receipts.
Credit card giant Visa (V) may also see initial weakness after offering to buy British payments firm Earthport for approximately $250.6 million.
Shares of Nvidia (NVDA) could also move to the downside after RBC Capital lowered its price target on the graphics chip maker?s stock to $200 per share from $230 per share.
On the other hand, shares of CBS Corp. (CBS) may open higher after Loop Capital reiterated a Buy rating on the mass media company?s stock. | | | | | Become a Shareholder in High Times The Original Voice of Cannabis. Join our investor community and help shape the emerging cannabis industry.
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European markets have drifted lower on Thursday on rising concerns about the outlook for global economic growth and the impact of a partial U.S. government shutdown.
Worries that the U.S. and China may not agree on a long-term trade deal anytime in the foreseeable future also appear to be forcing investors to shun riskier assets.
While the French CAC 40 Index has dipped by 0.3 percent, the U.K.?s FTSE 100 Index is down by 1.2 percent and the German DAX Index is down by 2 percent.
European stocks opened mostly higher, but faltered swiftly, tracking a drop in U.S. futures following the rally seen in the previous session.
Initially, markets reacted positively to news that members of President Donald Trump's administration continue to downplay reports the president has privately discussed firing Federal Reserve Chairman Jerome Powell.
White House Council of Economic Advisers Chairman Kevin Hassett told reporters that Powell's job is "100 percent" safe.
However, with worries about the global economy, the government shutdown and crude oil's plunge weighing on sentiment, stocks have turned mostly lower.
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Asian markets moved mostly higher on Thursday, tracking positive cues from Wall Street, where the major averages had one of their best sessions in recent times. However, Chinese stocks bucked the uptrend due to trade tensions.
After suffering a severe setback on Christmas Eve, U.S. stocks rallied overnight, with traders indulging in hectic bargain hunting.
Easing worries about the tenure of Federal Reserve Chairman Jerome Powell and a strong rebound in crude oil prices aided sentiment.
The Japanese market rose sharply, extending gains for a second consecutive session. The benchmark Nikkei 225 Index skyrocketed 750.56 points or 3.9 percent to 20,077.62.
Banking, chemicals, foods, insurance, mining, metals, oil, pharma, automobile and energy stocks were all in demand.
Mizuho Financial, Mitsubishi UFJ Financial, Yahoo Japan, JX Holdings and Sumco Corp. posted standout gains on strong volumes.
Chiyoda Corp. gained over 10 percent, and Showa Shell KK, Shiseido and Yamoto Holdings moved up by 7.5 to 8 percent.
In the Australian market, the S&P/ASX 200 Index jumped 1.9 percent and the broader All Ordinaries Index surged up 1.8 percent.
Shares from the consumer durables, financial, energy, healthcare, industrials, information technology, mining and utilities sectors rallied sharply.
Ausdrill, Bellamys Australia, Afterpay Touch, Wisetech Global and Appen Ltd. shares gained 5 percent to 7.4 percent. On the other hand, Speedcast International, Healthscope and Unibail Rodamco Westfield closed lower.
Meanwhile, Chinese stocks moved to the downside, led by losses in the technology, gas and multi-utilities sectors. Disappointing data on the country's industrial profits, due to lower sales growth and rising costs, dragged the market down. The Shanghai Composite Index declined by 0.6 percent to a 3-year low.
Technology stock Suzhou Keda Technology shed 10 percent and Nanjing Textiles Import & Export Corp. lost over 9 percent.
At the same time, shares of Wintime Energy Co. climbed up over 10 percent. Eastern Communications, another big gainer, also moved up 10 percent.
Hong Kong's Hang Seng ended lower by 0.9 percent at 25,429.00. While shares from the IT hardware sector moved higher, those from utilities, properties, finance and healthcare sectors declined.
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Crude oil futures are sliding $0.39 to $45.83 a barrel after soaring $3.69 to $46.22 a barrel on Wednesday. Meanwhile, an ounce of gold is trading at $1,277.80, up $4.80 compared to the previous session?s close of $1,273. On Wednesday, gold rose $1.20.
On the currency front, the U.S. dollar is trading at 110.76 yen compared to the 111.37 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.1396 compared to yesterday?s $1.1353.
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