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Stock Market Roundup Dec. 13: Dow Inches Closer to 20,000
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While President-Elect Donald Trump’s meeting with the tech industry’s top executives looms, the world waiting to find out what will happen, the Dow Jones Industrial Average is continuing its bull run, closing in on 20,000 for the first time. Since the election, the Dow has gained about 1,600 points, and year-to-date, is up over 14%.
Crossing 20,000 would be a huge milestone for the historic blue chip index, having been around since 1896. The Dow is one of the most widely-followed stock indexes across industries and state lines, and reaching 20,000 would surely catch the public’s eye, boosting perception on the overall economy.
The semiconductor sector has been one of the best performing sectors this year, and Applied Materials (AMAT - Free Report) has proven to be one of the strongest semiconductor stocks of 2016. After an impressive earnings report sparked further gains over the past month, Applied Materials has earned our “Bull of the Day” spot.
It has been a very challenging environment for mall based retailers due to declining traffic, and Express has been hit especially hard. The company reported disappointing third quarter results on December 1, and its holiday season will remain plagued by promotions and over-discounting. Because of this, EXPR has been named Zacks’ “Bear of the Day.”
Tomorrow, all eyes will be on New York City’s Trump Tower as President-Elect Donald Trump sits down with Silicon Valley’s top tech leaders. While the meeting’s agenda has yet to be disclosed, it is safe to assume themes like job creation, immigration, regulation, and encryption will all be likely discussion topics.
Stocks that Aren't in the News. Yet.
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Stock Market Roundup Dec. 13: Dow Inches Closer to 20,000
While President-Elect Donald Trump’s meeting with the tech industry’s top executives looms, the world waiting to find out what will happen, the Dow Jones Industrial Average is continuing its bull run, closing in on 20,000 for the first time. Since the election, the Dow has gained about 1,600 points, and year-to-date, is up over 14%.
Crossing 20,000 would be a huge milestone for the historic blue chip index, having been around since 1896. The Dow is one of the most widely-followed stock indexes across industries and state lines, and reaching 20,000 would surely catch the public’s eye, boosting perception on the overall economy.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Seagate Technology (STX - Free Report) +4.16%
Growth: Lantronix Inc. (LTRX - Free Report) +7.74
Momentum: Asure Software (ASUR - Free Report) +9.79%
VGM: Startek Inc. 6.76%
Income: STX
Major Indexes
DOW: 19,911.21 / 114.78 / 0.58%
NASDAQ: 5,463.83 / 51.29 / 0.95%
S&P 500: 2,271.72 / 14.76 / 0.65%
Top Headlines
Bull of the Day: Applied Material
The semiconductor sector has been one of the best performing sectors this year, and Applied Materials (AMAT - Free Report) has proven to be one of the strongest semiconductor stocks of 2016. After an impressive earnings report sparked further gains over the past month, Applied Materials has earned our “Bull of the Day” spot.
Bear of the Day: Express
It has been a very challenging environment for mall based retailers due to declining traffic, and Express has been hit especially hard. The company reported disappointing third quarter results on December 1, and its holiday season will remain plagued by promotions and over-discounting. Because of this, EXPR has been named Zacks’ “Bear of the Day.”
Tech and Trump: Can They Find Common Ground in New York?
Tomorrow, all eyes will be on New York City’s Trump Tower as President-Elect Donald Trump sits down with Silicon Valley’s top tech leaders. While the meeting’s agenda has yet to be disclosed, it is safe to assume themes like job creation, immigration, regulation, and encryption will all be likely discussion topics.
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 >>