Bulls Avoid Three-Session Slide
MARKET SUMMARY
U.S. markets avoided a three-session slide after squeaking out slight gains following another tight trading range. The Dow and S&P 500 climbed 0.1% and remain less than 1% away from all-time highs. The Nasdaq rose 3 points, or 0.04%, but failed to take out the prior high from last Friday. The Russell 2000 pushed near-term resistance before slipping a third-point, or 0.02%, into the closing bell.
AVOIDING WHIPSAWS
ANALYST UPGRADES / DOWNGRADES
Callaway Golf (ELY) downgraded to Sell from Neutral at Compass Point
Hancock Holding (HBHC) upgraded to Outperform from Market Perform at Hovde Group
Celgene (CELG) downgraded to Market Perform from Outperform at Bernstein
Edison International (EIX) downgraded to Hold from Buy at Edward Jones
Agile Therapeutics (AGRX) downgraded to Market Perform from Outperform at William Blair
Ignyta (RXDX) was downgraded to Hold at SunTrust
EARNINGS
Thursday's scheduled earnings include:
Applied DNA Sciences (APDN)
eHi Car Services (EHIC)
Gee Group (JOB)
RCI Hospitality (RICK)
UPCOMING ECONOMIC NEWS
Thursday's economic reports (EST):
International Trade in Goods - 8:30am
Jobless Claims - 8:30am
Bloomberg Consumer Comfort Index - 9:45am
METALS / OIL
Gold closed at $1,291.40 an ounce, up $3.90
Silver settled at $16.76 an ounce, up $0.16
Copper finished at $3.28 a pound, unchanged
Crude Oil closed at $59.59 a barrel, down $0.38
Bitcoin Investment Trust (GBTC) settled at $2,150.00, down $210.00
ARTICLE OF THE DAY
Covered Calls
Find out why covered calls are the most popular option strategy in the markets today.
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Make it a great holiday!
Todd Mitchell
QUOTE OF THE DAY
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