DIRS.INFO The most relevant business & tech news

☆ DeSantis considers banning 'hostile nation' China from buying Florida real estate, polishing tough-on-China foreign policy stance amid 2024 speculation
▼ + stars: | 2023-01-10 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +7 min

DeSantis is considering asking the Florida legislature to ban China from real estate investments. Ron DeSantis is poised to ask state lawmakers to ban China from buying farmland and residences in Florida, the governor confirmed Tuesday. While foreign policy generally tends to be a small part of a governor's role, such actions on China could add to DeSantis' foreign policy portfolio. Before becoming governor, DeSantis representing Florida in the US House, where he served on the Foreign Affairs Committee and chaired the Subcommittee on National Security. Santa Claus may need to not do Chinese toys."

☆ Technical analysts agree January's strong start is a good omen, but here's what they expect to happen next
▼ + stars: | 2023-01-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Redler expects the S & P 500 could reach 3,980 to 4,000 before reversing lower. The S & P 500 was trading at about 3,940 on Monday. He expects the S & P 500 to put in a near-term top this week. He is watching the 200-day moving average on the S & P 500, which is literally the average of the last 200 closes. "The SPX [S & P 500] has spent the majority of the last three weeks between 3,800 and 3,900," Krinsky wrote in a note.

☆ Santa Claus Rally Remains Elusive for Stocks
▼ + stars: | 2023-01-04 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Santa Claus might have skipped over Wall Street this holiday season. At the start of every new year, market buffs watch stocks to see if they notch what is known as a Santa Claus rally. The trend refers to the tendency for U.S. stocks to rise during the period comprising the last five trading sessions of a year and first two of the next year.

☆ A 'volatility event' will plunge the stock market to new lows in the next 6 months, Fairlead's Katie Stockton says
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is poised to plunge to new lows in the first half of 2023, according to Fairlead Strategies' Katie Stockton. Stockton told CNBC on Tuesday that a "volatility event" could send the VIX soaring to 50. "But we do look for some kind of major low to be established on the back of a volatility event... maybe in the next four to six months." Of course, there is a chance hat instead of plunging to new lows the stock market simply chops sideways and consolidates. I think it's less likely though because I do think that the market needs that kind of capitulation that tends to be associated with bear market lows," Stockton said.

☆ Markets close out the year down, following light week of trading
▼ + stars: | 2022-12-30 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Markets closed out the week — and the year — in the red, as the so-called Santa Claus rally failed to materialize. Under the hood, financials closed out the week in the green followed by energy, while materials led to the downside followed by consumer staples and utilities. On Thursday, initial jobless claims for the week ending Dec. 24 came in at 225,000, the U.S. Labor Department said. ET: ISM manufacturing PMI 10:00 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Wall Street surges in bargain-hunting rally, oil slides
▼ + stars: | 2022-12-29 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 27, 2022. All three major U.S. stock indexes rose in a broad-based rally, with the tech-heavy Nasdaq leading the pack. "We didn’t have a Santa Claus rally, so we’re seeing a bit of dip buying as well." The pan-European STOXX 600 index (.STOXX) rose 0.57% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.14%. The dollar index fell 0.4%, with the euro up 0.48% to $1.0659.

☆ Running out of time for a Santa Claus rally, says Aureus' Kari Firestone
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRunning out of time for a Santa Claus rally, says Aureus' Kari FirestoneCNBC’s ‘Halftime Report’ investment committee, Kari Firestone, Rob Sechan, Joe Terranova and Jim Lebenthal, discuss their outlook as the market heads into year end.

☆ Premarket stocks: Wall Street's dirty secret: It's terrible at forecasting stocks
▼ + stars: | 2022-12-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

What’s happening: Last year, Goldman Sachs analysts predicted that the S&P 500 would close out 2022 at 5,100 points. With those caveats, let’s get to Wall Street’s predictionsThe numbers: Forecasts for where the S&P 500 will finish 2023 vary greatly. Analysts overestimated the final value (that is, the final value finished below the estimate) in 13 of the 20 years and underestimated the final value (the final value finished above the estimate) in the other 7 years. They’re on track to have overestimated the performance of the S&P 500 in 2022 by nearly 40%. During this period, the S&P 500 has historically gained 1.3% on average, according to data from LPL Financial going back to 1950.

☆ European markets head for positive open as upbeat sentiment continues
▼ + stars: | 2022-12-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to open higher on Tuesday as positive sentiment continues in the final trading days of 2022. Germany's DAX is seen opening 98 points higher at 14,036, France's CAC 40 up 44 points at 6,549 and Italy's FTSE MIB up 159 points at 24,033, according to IG. The U.K.'s FTSE index is closed Tuesday for a public holiday. Stateside, U.S. stock futures rose on Monday night as investors looked to see whether a Santa Claus rally will appear before year-end. Markets were closed Monday for the Christmas holiday.

☆ US stocks trade mixed as Santa Claus rally remains elusive despite China's further reopening
▼ + stars: | 2022-12-27 | by ( Jason Ma | ) www.businessinsider.com time to read: +1 min

US stocks finished mixed to begin the final week of trading for 2022 as the so-called Santa Claus rally failed to materialize. The weakness came despite fresh signs that China is further shedding its zero-COVID policies. Tesla stock fell as the EV maker extended the slowdown of its Shanghai factory through January, according to Reuters. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The weakness came despite fresh signs that China is further shedding its zero-COVID policies.

U.S.-listed shares of Chinese firms such as JD.Com Inc , Alibaba Group Holding Ltd and Pinduoduo Inc (PDD.O) climbed around 2% each in premarket trading. With a handful of trading sessions left this year, investors are hoping for a so-called "Santa rally" at the end of what has been a largely disappointing month for U.S. equities. Economic data so far has offered little hope that the Fed could hit the brakes on its interest rate hikes. ET, Dow e-minis were up 147 points, or 0.44%, S&P 500 e-minis were up 12.5 points, or 0.32%, and Nasdaq 100 e-minis were up 5 points, or 0.05%. Reporting by Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Vinay Dwivedi and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Stock futures rise heading into the final trading week of 2022
▼ + stars: | 2022-12-26 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

U.S. stock futures rose on Monday night as investors head into the final trading days of 2022, deliberating whether a Santa Claus rally will appear and lift a market that has been weighed down by recession fears. Dow Jones Industrial Average futures rose by 157 points, or 0.47%. S&P 500 and Nasdaq 100 futures advanced 0.61% and 0.73%, respectively. The S&P 500 rose 0.6%, and the Nasdaq Composite added 0.2%. In December, the S&P 500 dropped roughly 5.8%, while the Dow and Nasdaq dropped about 4% and 8.5%, respectively.

[1/3] Ukrainian territorial defence member Leonid Onyshchenko, 63-year-old, speaks to his family during a festive Christmas dinner, as Russia's attack on Ukraine continues, in Kostiantynivka, Ukraine, December 24, 2022. Holding her three-month-old son Yaroslav with one hand, Maryna took a Christmas cake out of oven with the other. Vitalii helped two other sons, Petro and Tais, get dressed before the festive Christmas dinner. In the past, Ukrainian Christians mostly celebrated Christmas in early January. As the family gathers around the table, Maryna calls her father to wish him merry Christmas.

☆ Santa Claus undaunted by arctic blast, U.S. military says
▼ + stars: | 2022-12-24 | by ( Keith Coffman | ) www.reuters.com time to read: +2 min

[1/2] The Royal Canadian Air Force's 22 Wing holds it’s annual NORAD Tracks Santa promotion at Canadian Forces Base (CFB) North Bay in North Bay, Ontario, Canada December 9, 2021. Corporal Rob Ouellette/Canadian Forces/Handout via REUTERSDENVER, Dec 24 (Reuters) - U.S. military officials have assured anxious children the arctic blast and snowstorm that wreaked havoc on U.S. airline traffic this week will not prevent Santa Claus from making his annual Christmas Eve flight. The Santa tracker tradition originated from a 1955 misprint in a Colorado Springs newspaper of the telephone number of a department store for children to call and speak with Santa. U.S. and Canadian fighter jet pilots provide a courtesy escort for him over North America, and Santa slows down to wave to them, he added. Reporting by Keith Coffman in Denver; Editing by Steve Gorman and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St Week Ahead Investors look for 'Santa Rally' after grim year in U.S. stocks
▼ + stars: | 2022-12-23 | by ( David Randall | ) www.reuters.com time to read: +4 min

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.

☆ Do not expect a Santa Claus rally, says DCLA's Sarat Sethi
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDo not expect a Santa Claus rally, says DCLA's Sarat SethiSarat Sethi, managing partner and portfolio manager at DCLA, joins CNBC's 'Squawk Box' to discuss his market outlook ahead of the open.

☆ How Well Do You Know Your Holiday Movies?
▼ + stars: | 2022-12-23 | by ( Nancy Coleman | ) www.nytimes.com time to read: 1 min

Santa Claus loses it and flees to a yoga retreat in Phoenix. It’s Nick Kringle’s first year picking up the mantle after the death of his father, Kris, and he’s understandably feeling a little pressure. His sister, Noelle, borrows the reindeer to track Nick down, bring him home and save Christmas from its impending Amazonification by their tech-savvy cousin.

☆ Stone: Santa may still visit Wall Street, but there are more challenges ahead for the markets in the new year
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStone: Santa may still visit Wall Street, but there are more challenges ahead for the markets in the new yearBill Stone of the Glenview Trust Company discusses the historical trends behind the Santa Claus rally and whether there's still a shot it may occur this year.

☆ Top market watchers on why much of the action in early 2023 will be dictated by the Fed
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop market watchers on why much of the action in early 2023 will be dictated by the FedJeff Kilburg of KKM Financial and Chris Zaccarelli of the Independent Advisor Alliance discuss whether there's any outside shot at a Santa Claus rally, and how investors should position themselves through at least Q1 of next year.

☆ A Santa Claus rally is still possible before the new year, says Hightower's Stephanie Link
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Santa Claus rally is still possible before the new year, says Hightower's Stephanie LinkStephanie Link, chief investment strategist at Hightower Advisors, joins CNBC's 'Squawk Box' to discuss the potential for a 'Santa Claus' market rally before the new year.

☆ 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".

☆ In Thailand, Santa delivers presents on elephants
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: 1 min

[1/6] A mahout dressed as Santa Claus gives a gift to an elephant to be handed over to students ahead of Christmas celebrations at a primary school, in Ayutthaya, Thailand, December 23, 2022. REUTERS/Chalinee ThirasupaAYUTTHAYA PROVINCE, Thailand, Dec 23 (Reuters) - A trunk, rather than a red nose, is what Rudolph would need to join a herd of elephants helping Santa Claus deliver presents in Thailand. Mahouts dressed as Santa led the gentle giants to a school in central Thailand to hand out Christmas presents to about 2,000 students this week, part of an annual tradition. Students lined the school courtyard and hall while the elephants approached slowly and unfurled their trunks to give out balloons, toys and dolls. Reporting Napat Wesshasartar; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ This week's best-performing stocks include a popular sports apparel name and a drug maker
▼ + stars: | 2022-12-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stocks struggled this week as recession fears resurfaced, putting a damper on last hopes for a market uptick. CNBC Pro used FactSet data to screen for the stocks with the greatest week-to-date percentage changes as of Friday's open. About 46% of analysts rate the stocks as a buy, with the consensus price target implying upside of more than 7% from Thursday's close. The stock's down about 49% this year, but the consensus price target suggests shares stand to gain more than 41% from Thursday's close. Energy stocks APA Corp and Halliburton also made the list, with shares rising 4% and 6.4%, respectively, this week, as of Friday's open.

☆ Happy 50th anniversary to the discovery of the Santa Claus rally
▼ + stars: | 2022-12-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Happy 50th Anniversary to the discovery of the Santa Claus rally. It's that time of year again: the Santa Claus rally. Santa Claus rally: what it is The Santa Claus rally is a short rally that runs from the last five trading days of the year to the first two trading days of the New Year. According to one study, a Santa Claus rally has materialized in four out of every five years since 1950. His father, Yale Hirsch, a friend of mine for many years, discovered and named the Santa Claus rally in 1972.

☆ Investors play defense heading into final trading days of year but still hope for a Santa rally surprise
▼ + stars: | 2022-12-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

The final trading week of the year is arriving with investors more concerned about defensive positioning than whether the stock market can muster a Santa Claus rally. Stocks were mostly lower in the past week, with the S & P 500 down about 0.6% as of Friday morning. After today, there are just four trading days left in the year, with markets closed on Monday for the Christmas holiday. In an interview on CNBC Thursday, Tepper said he is "leaning short" on the stock market because of global central bank tightening. The S & P 500 has averaged a 1.3% gain in that period, going back to 1950, and has been positive four out of every five years.

Search resuls for: "Santa Claus"

25 mentions found