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The American markets capped off an incredible week with another day of gains on Friday. The DOW, Nasdaq, and S&P 500 once again toyed with all-time highs throughout the day. Casino stocks bounced back a bit after a rough Thursday, Bank of America earned our “Bull of the Day” recognition, and Restoration Hardware tanked on poor sales outlook.
Bank of America (BAC - Free Report) is on some kind of unbelievable run. The stock recently hit an eight-year high, shares are up 35% over the last month, and the company continued its impressive momentum with further gains ahead of the weekend.
Restoration Hardware Holdings Inc. (RH - Free Report) released its third-quarter fiscal 2016 financial results after the bell on Thursday. Despite a double-beat, shares tanked as the company lowered its fourth-quarter guidance due to weak November sales.
Shares of some of the largest casino brands with operations in Macau, including MGM Resorts (MGM - Free Report) , Las Vegas Sands (LVS - Free Report) , and Wynn Resorts (WYNN - Free Report) were up on Friday after the Chinese gambling hotspot limited daily ATM withdrawals by less that was originally reported.
Stocks that Aren't in the News. Yet.
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Stock Market Roundup, Dec. 8: BAC Remains Bullish, RH Tanks
The American markets capped off an incredible week with another day of gains on Friday. The DOW, Nasdaq, and S&P 500 once again toyed with all-time highs throughout the day. Casino stocks bounced back a bit after a rough Thursday, Bank of America earned our “Bull of the Day” recognition, and Restoration Hardware tanked on poor sales outlook.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Ocean Rig UDW Inc. - +14.95%
Growth: Sajan, Inc. - +15.27%
Momentum: SAJA
VGM: ORIG
Income: Embotelladora Andina S.A. (AKO.B - Free Report) - +3.32%
Major Indexes
DOW: 19,742.37 / +127.56 / +0.65%
NASDAQ: 5,439.61 / +22.25 / +0.41%
S&P 500: 2,257.86 / +11.67 / +0.52%
Top Headlines
Bull of the Day: Bank Of America
Bank of America (BAC - Free Report) is on some kind of unbelievable run. The stock recently hit an eight-year high, shares are up 35% over the last month, and the company continued its impressive momentum with further gains ahead of the weekend.
Restoration Hardware Slides 15% on Mixed Q3 Results, Lowered Outlook
Restoration Hardware Holdings Inc. (RH - Free Report) released its third-quarter fiscal 2016 financial results after the bell on Thursday. Despite a double-beat, shares tanked as the company lowered its fourth-quarter guidance due to weak November sales.
Here's Why Casino Stocks Are Gaining Today
Shares of some of the largest casino brands with operations in Macau, including MGM Resorts (MGM - Free Report) , Las Vegas Sands (LVS - Free Report) , and Wynn Resorts (WYNN - Free Report) were up on Friday after the Chinese gambling hotspot limited daily ATM withdrawals by less that was originally reported.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>