Dow Clears 25,000

MARKET SUMMARY

U.S. markets showed momentum for the third-straight session following better-than-expected economic data. The Russell 2000 climbed 0.2% while finally clearing its early December and previous all-time high following today’s intraday push past 1,560. The Nasdaq followed suit after rising 0.2% and trading to a record high of 7,098 while holding the 7,000 level for the third-straight session.

The Dow was up 0.6% and showed the most strength after clearing another thousand-point milestone while reaching a lifetime intraday high of 25,105. The S&P 500 also kissed a fresh all-time peak of 2,729 after climbing 0.4%.

TRADE OF THE DAY

ANALYST UPGRADES / DOWNGRADES

Clorox (CLX) upgraded to Neutral from Underperform at BofA/Merrill
Domino’s Pizza (DPZ) upgraded to Outperform from Perform at Oppenheimer
Oxford Industries (OXM) upgraded to Buy from Neutral at DA Davidson

Roku (ROKU) downgraded to Underweight from Equal Weight at Morgan Stanley
Snap (SNAP) downgraded to Underperform from Market Perform at Cowen
Western Digital (WDCWealth Strength IndexAAPL is Extremely Up and trending Up) downgraded to Market Perform from Outperform at BMO Capital

EARNINGS

Friday’scheduled earnings include:
Cal-Maine Foods (CALM), Constellation Brands (STZ), Greenbrier Companies (GBX)

UPCOMING ECONOMIC NEWS

Friday’s economic reports (EST):

Employment Report – 8:30am
International Trade – 8:30am
Factory Orders – 10:00am
ISM Non-Manufacturing Index – 10:00am
Baker-Hughes Rig Count – 1:00pm

METALS / OIL

Gold closed at $1,321.60 an ounce, up $3.10

Silver settled at $17.27 an ounce, unchanged

Copper finished at $3.26 a pound, unchanged

Crude Oil closed at $61.92 a barrel, up $0.29
Bitcoin Investment Trust (GBTC)
settled at $2,204.00, down $51.00


Make it a great day!

Todd Mitchell

QUOTE OF THE DAY