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Will the "Christmas Quotes" be turned on? U.S. stocks are trading nearly 80 percent, and are on track to reap strong seven-day gains
In the U.S. stock market, December is usually one of the best performing months of the year for the stock market, with most of the gains tending to occur in the second half of December. This year's "Santa Claus Quotes" will begin next Monday (December 27). In these seven trading days, what is the probability of us stocks rising? LPL Financial's statistics show that no seven-day combination in the history of the US stock market has performed better than during the "Santa Claus market", and the S&P 500 index in the past 70 years has a 78.9% chance of moving higher in these seven trading days.
Citi survey: Fund managers predict S&P 500 will rise just 2% next year
According to Citi's quarterly survey, most fund managers still expect the S&P 500 to rise next year, but the increase is only about 2%. Respondents had a weighted average target of 4799 points for the S&P 500 at the end of 2022, while Citi had a target of 4900 points. "Interestingly, we haven't seen much change in earnings growth expectations since the September survey began, as institutional investors expected 2022 EARNINGS growth of 6.5 percent in December and 6.3 percent in September," strategist Scott Cront and his team wrote in a note. "We expect epum earnings to grow by 8% in 2022." "Investors' preference for the IT sector has declined, which may be due to investors considering the valuation risks posed by rising interest rates," Croent said. "This view is consistent with our current practice of reducing our stakes in the IT sector."
Biden Energy's loan program restarts: more than $1 billion in loan guarantees for hydrogen projects
The U.S. Department of Energy said Thursday it would provide $1.04 billion to support a natural gas-to-hydrogen project in Nebraska. Through loan guarantees, Monolith Nebraska LLC will supply hydrogen to the agricultural sector, and the by-product carbon black will be used in tires, plastic production and other materials. The move represents a restart of the U.S. Department of Energy's lending program. It is understood that the office in charge of the project aims to use more than $40 billion in loan authorizations to accelerate the development and deployment of clean energy technologies, which is the first conditional loan guarantee during the Biden administration and the first loan guarantee for a non-nuclear project since 2016.
Record profits! Wall Street has made "swollen" money this year, but it is still anxious
Goldman Sachs CEO Solomon reportedly mentioned at a dinner for retired partners in November that Wall Street investment banks have recorded profits this year and that Goldman Sachs will be one of the most profitable public companies in the United States. Goldman Sachs is preparing for the final "celebration" of the most profitable year of all time, handing out some huge bonuses, but Wall Street's usual mutual congratulations and toasts have disappeared. Wall Street investment banks have not only been exhausted by the global pandemic of the past two years, but have also quieted down to avoid ostentation in an era of extreme inequality.
Contrary to Biden, traders said U.S. inflation would be higher next year, and CPI growth could break through 7% at the beginning of the year.
The U.S. CPI rose 6.8 percent year-on-year in November, and the Fed's preferred inflation indicator, the PCE Price Index, released on Thursday, both posted their highest growth rate since 1982. Trader Semin Soher Power predicts that inflation in the U.S. will rise further as a result of economic growth, with inflation likely to exceed most analysts' expectations in the first half of next year. It expects U.S. CPI to rise more than 7 percent year-over-year in the first quarter of next year, up from 6.8 percent in November and above the median 6.3 percent expected by analysts surveyed by Bloomberg for the first quarter.
U.S. stocks resumed
U.S. stocks rose for three consecutive days, and the S&P 500 hit a new closing high
The three major indexes closed up collectively, with the Nasdaq up 0.85% up 3.19% this week; the S&P 500 up 0.62%, a record high, up 2.28% this week; and the Dow up 0.55% and up 1.65% this week.
Tesla is up nearly 6 percent, up 14.4 percent this week.
The U.S. FDA urgently approved merck's COVID-19 oral drug
On Thursday (December 23), local time, the U.S. Food and Drug Administration urgently approved $Merck (MRK. US)$1000 of the COVID-19 oral drug Molnupiravir is used in people over the age of 18, making it the second COVID-19 oral drug to be marketed in the United States after Pfizer's Paxlovid. According to the prescription recommendations, patients should use Molnupiravir within 5 days after the onset of symptoms, taking 8 tablets per day for 5 consecutive days.
Amazon's cash cow is being targeted? Rumors that AWS is under antitrust in-depth scrutiny
According to reports, multiple sources have revealed that the U.S. Federal Trade Commission (FTC) is pushing ahead with its bid on online retail giant $Amazon (AMZN. US)$Antitrust Review of Cloud Computing Businesses. Over the past few months, FTC investigators have engaged with a number of related companies to gather information on monopoly issues related to AWS. AWS dominates the market for cloud computing businesses.
Meta will appeal the CMA's decision to require it to sell Giphy
Nikola announces delivery of its first electric truck, shares soar 20% intraday
Electric car upstart $Nikola (NKLA. US) $ surged 20 percent in intraday trading on Thursday after the company announced the delivery of its first Tre electric truck to Southern California's Total Transportation Services. Nikola closed up nearly 18 percent on Thursday.
Citi: Raise Apple's price target to $200 and rate Buy
Citi published a research report saying that $Apple (AAPL. US)$ This year, the stock price once again outperformed the market, and it continues to be optimistic that Apple products and services can become a positive factor in the future. The report mentioned that Apple's revenue will continue to grow year-on-year, with plans to launch new product categories next year, Apple Car will be launched in 2025, plus buybacks, dividends and the company's pursuit of quality, etc., are all growth drivers for next year, and believe that regulatory risks will not affect service revenue growth. The bank noted that while supply was blocked in the fourth quarter, it believes demand for Apple products and services will continue to be resilient next year. Citi also pointed out that the regulatory environment is still the main undecided risk factor for stocks, but believes that it does not involve fundamentals, and the recent market news is expected to lead to a correction in stock prices, which is believed to be an opportunity to enter the market. Citi believes that Apple's current market value does not reflect the value of the upcoming new product, reiterating its buy rating with a price target of $200.
Argus: Bullish on Nike's prospects, raise the price target to $192
Argus will be $Nike (NKE. US) $ target price raised to $192 as nike saw more upside. Analyst John Stasak said Nike's strong brand and product line allowed it to raise prices and increase sales of apparel and footwear. Some retailers seeking to boost weak sales are turning to Nike to increase foot traffic, thereby increasing Nike's bargaining power as a supplier. In addition, Nike has strengthened its e-commerce channels to respond to changing buying trends. Over the next two years, e-commerce sales are expected to grow at a rate of around 15 percent. Staszak is also optimistic about Nike's long-term prospects, and the analyst said Nike should continue to dominate the sportswear and footwear markets. The company has built its dominance through its brand effects, innovative products, economies of scale and rapid growth in emerging markets.
Yesterday's US stock turnover was in the top 20