Thursday Morning Reads

Thursday Morning Reads







U.S. holiday e-commerce sales grew nearly 19% from the 2018 period, according to new Mastercard data. Online sales represented 14.6% of the total retail sales between November 1 and Christmas Eve, boosting retail giants like Amazon (NASDAQ:AMZN), Target (NYSE:TGT) and Walmart (NYSE:WMT).

U.S., China closer to trade deal

China’s commerce ministry spokesman said the parties are close to signing the Phase 1 trade deal agreement. The parties are working through the necessary procedures while remaining in communication. Earlier this week, President Trump said there would be a signing ceremony with President Xi Jinping.

Oil, gold gain on trade optimism

Oil and gold prices gained in early hours after the positive comments on the U.S.-China trade deal. Brent crude and West Texas Intermediate both gained 0.4%, with the commodity also benefiting from an OPEC-led supply constriction. Gold crossed the $1,500 per ounce level, marking the strongest performance in nearly two months.

AWS head sees continued Alibaba strength

Amazon Web Services (AMZN) CEO Andy Jassy told Nikkei he expects Alibaba (NYSE:BABA) to continue to grow into a dominant cloud player, but sees Alibaba somewhat limited to China. Jassy said enterprise and public sector cloud adoption is in the early stages, with the U.S. as much as 36 months ahead of other countries in adoption.
Go Deeper: Tech Is Just Getting Started Going Into 2020.

Allergan signs $750M Namenda settlement

Purchasers of Allergan’s (NYSE:AGN) Namenda asked a federal judge to approve a $750M settlement regarding claims the company conspired to keep generics for the Alzheimer’s drug off the market. Allergan signed the settlement on December 20 but denied any wrongdoing.
Go Deeper: Allergan's Near Billion-Dollar Charge.

What else is happening...

Blackstone (NYSE:BXto replace CEO Calhoun in coming months.

Greece may tap bond markets despite cash buffer.

China shows surging imports of U.S. soy.

Investors not concerned about profit-stock disconnect.

Today's Markets
In Asia, Japan +0.60%. Hong Kong closed. China +0.85%. India -0.72%.
In Europe, at midday, London closed. Paris closed. Frankfurt closed.
Futures at 6:20, Dow +0.13%. S&P +0.16%. Nasdaq +0.13%. Crude +0.33% to $61.31. Gold +0.26% to $1,508.80. Bitcoin -0.24% to $7,241.1.
Ten-year Treasury Yield flat at 1.91%

Today's Economic Calendar
8:30 Initial Jobless Claims
10:00 State Street Investor Confidence Index
1:00 PM Results of $32B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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