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

Make it a great holiday!

Todd Mitchell

QUOTE OF THE DAY