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Search resuls for: "Decembers"


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CNN —Punxsutawney Phil – the famous groundhog weather watcher – woke up and did not see his shadow Friday morning, calling for an early spring. Each February 2, on Groundhog Day, the members of the Punxsutawney Groundhog Club make the pilgrimage to Gobbler’s Knob – Phil’s official home. Phil and his friends in Punxsutawney, Pennsylvania, have been predicting the seasons since 1887, according to the Punxsutawney Groundhog Club. Dereume holds Punxsutawney Phil, the weather prognosticating groundhog, during the 138th celebration of Groundhog Day in Punxsutawney, Pa., on Friday, Feb. 2, 2024. Given that, will Phil’s prediction of an early spring come true?
Persons: Phil –, , Phil, Nature, Groundhog, A.J, Dereume, Barry Reeger, Phil’s prognostications Organizations: CNN, National Centers for Environmental Locations: Punxsutawney , Pennsylvania, Punxsutawney, Pa
After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.
Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, , Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States
The stock market is boring right now, and that is not a bad thing. There's a strong backdrop going into December. The S & P 500 was up 8.9%, its best month since July 2022, and the fourth-best November since 1950. If it doesn't seem that way, it's because the S & P has been flat for the past week and a half. There will be lots of complaints about high valuations, and the cynics will be right: The S & P is approaching 19-times 2024 earnings.
Persons: Goldman Sachs, Morgan Stanley, let's Organizations: Triple Witching, Treasury, Atlanta, Wall Street, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, JPMorgan, Dow, Revenue Locations: Wells Fargo
December is the time of the season when investors seldom have to worry about stock market performance, particularly in years that come before a presidential election. "Trading in December is holiday-inspired and fueled by a buying bias throughout the month," Hirsch recently told subscribers. "However, the first part of the month tends to be weaker as tax-loss selling and yearend portfolio restructuring begins." December does even better for small-cap stocks, at least going back to 1979, delivering the year's second-highest monthly return. That small cap return is usually back end loaded, however, only starting around the middle of the month.
Persons: Jeffrey Hirsch, Hirsch, outsized, Dow Industrials, Russell Organizations: Nasdaq, Dow Jones, Nvidia, Tesla, Meta, Microsoft Locations: Decembers
I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.
Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S
This historic weakness is well-enshrined in stock market lore and encapsulated in the old chestnut, "Sell Rosh Hashana and buy Yom Kippur." Triple witching refers to each quarter's simultaneous expiration of stock index futures and options and individual stock options. It may be true we are in a bull market, but it is certainly not a typical one. Instead of trying to pick winners, Marks sensibly proposes the opposite: You might also achieve that goal — of producing alpha, or outperformance — by holding fewer of the losers. That is why the vast majority of active stock pickers continue to underperform the market, and why money continues to flow into passive index funds.
Persons: Rosh Hashana, Jonathan Krinsky, Lowry, Howard Marks, Oaktree, Marks, FAANGs, Jesse Livermore, It's Organizations: Triple, Bulls, Apple, Microsoft, Nvidia, Tesla, Facebook, Netflix Locations: Yom, Yom Kippur
Strong U.S. jobs, wages growth expected in December
  + stars: | 2023-01-06 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
However, job growth would far exceed the pace needed to keep up with growth in the working-age population, comfortably in the 150,000-300,000 range that economists associate with tight labor markets. Household employment decreased in October and November, leading some economists to speculate that overall job growth was overstated. Yet the household survey tends to be volatile and most economists expect household employment would be revised toward nonfarm payrolls. "We would not be surprised to see an even larger rebound in household employment in December or over the coming months." But the trend in employment growth could slow significantly by mid-year.
Regarding the cloud, AMZN's Web Services business is the market leader in cloud infrastructure services. Moreover, the scale of AMZN's web services business provides many cost advantages as very few companies can compete with AMZN's investment spend and first-mover advantage. Over the long term, we would expect MDLZ to generate double-digit total returns, consisting of high-single digit EPS growth and the 2.3% dividend. There is a long runway remaining for cloud growth as companies slowly deal with legacy investments that still drive value but are not cloud-based. Management remains committed to its goal of high single-digit EPS growth in 2023, followed by sustained double-digit growth in 2024 and beyond.
Morning Bid: Wall Street on Santa's naughty list
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +3 min
This year, it looks like Santa Claus has no plans to visit Wall Street. The S&P 500 (.SPX) is on course for its third weekly decline and the famed "Santa rally", where the index stages a run-up in the week leading to Dec. 25, hasn't materialised. The index rallied straight into the third week of January in just 22 of the 90 years. On average, since 1932, the S&P 500 has returned some 0.4% in any given Santa rally week. The worst pre-Christmas week was in 1957, bang in the middle of what was known as the "Eisenhower recession".
NEW YORK, Dec 23 (Reuters) - Bruised investors are hoping a so-called Santa Claus rally can soften the pain of a tough year in U.S. stocks and potentially brighten the outlook for 2023. Friday is this year's start date for this rally named after Santa Claus - if it happens. The phenomenon has lifted the S&P 500 an average of 1.3% since 1969, according to the Stock Trader's Almanac. A December without a Santa rally has been followed by a weaker-than-average year, data from LPL Financial going back to 1950 showed. "The lack of a 'Santa Claus rally' this month, with a 'lump of coal selloff' in its place, is a troubling sign about 2023 US equity returns," strategists at DataTrek wrote.
U.S. stocks slipped Monday, dragged lower by shares of everything from banks to technology companies. Major indexes are on track to end December lower, a somewhat unusual occurrence. The S&P 500 has risen in 73% of Decembers since 1928, according to Dow Jones Market Data. As of Monday’s close, the S&P 500 had fallen 6.4% in December.
Just How Bad Is the ‘Tripledemic’?
  + stars: | 2022-12-16 | by ( Amy Schoenfeld Walker | ) www.nytimes.com   time to read: +6 min
R.S.V., or respiratory syncytial virus, has made so many young children ill this fall that weekly pediatric hospitalizations for R.S.V. Public health officials have been warning for weeks that a “tripledemic” of Covid-19, flu and R.S.V. Weekly hospitalizations for Covid-19, R.S.V. With flu surging and Covid-19 circulating, respiratory illness has overwhelmed pediatric units across the country, shifting the strain to emergency rooms and children’s hospitals. The predominant type of flu circulating right now, a subtype of influenza A known as H3, also tends to result in higher flu hospitalizations among the elderly, according to the C.D.C.
Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
So thought we'd look at what the Santa Claus rally phenomenon is all about and which Club stocks have had the best and worth December track records in recent years. It's a seven-day stretch over which the S & P 500 has historically tended to climb. The entire month of December has actually proven to be a historically strong period for the stock market. Investors would surely welcome a strong December after a terrible 11 months for the stock market. The S & P 500 tanked more than 9% that December, which at the time was its worth monthly performance in nearly a decade.
December is typically a strong month for stocks, and there are several good opportunities in the index for investors looking to get ahead. That makes it the third-best month on average for the broader market index over that time period. Here are the 15 stocks: Casino stock Caesars Entertainment stands out as the stock with the highest median gain at 8.7%. Payments technology provider Global Payments, a financial stock, is also on the list with a 1% median gain from the last 10 Decembers. The stock has buy ratings from 80% of analysts covering them.
In those years, December was just the fourth best month, with the S & P 500 rising 1.35% and gaining 68% of the time. As the S & P 500 exits November, it is down about 17% this year. The S & P 500 could mirror some of the other very negative years. For instance, the S & P 500 was down 18.5% through November in 2002, and then bottomed in March 2003, gaining 26.4% that year. Watching key levels In order to confirm a bullish cycle, Suttmeier said the S & P 500 needs to regain the 40-week moving average at 4,033.
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