?? Honda, Nissan aim to merge by 2026 in historic pivot
The articles and information in this newsletter are a summary of Friday’s trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.
S&P 5005, 930.85+63.77 +(1.09%)
Dow Jones 42,840.26+498.06 (+1.18%)
NASDAQ 19,572.60+199.80 (+1.03%)
Market close: December 20, 2024
Breaking News
Honda, Nissan aim to merge by 2026 in historic pivot. ?? The two companies are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers. Reuters reports.
Image source: Wikimedia Commons (Honda Logo; Nissan Logo)
EdgeUp
?? FedLift: U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. Reuters reports.
? TeslaEV: Tesla reverses losses to turn higher in a volatile week for the EV stock. CNBC reports.
??? SiliconPush: The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. Yahoo Finance reports.
?? AIrace: OpenAI is preparing to launch a new artificial intelligence model that it said is capable of more advanced human-like reasoning than its current offerings, ratcheting up the competition with rivals such as Alphabet Inc.’s Google. Yahoo Finance reports.
?? StarStrike: Starbucks workers' union strikes across US as talks hit impasse. Reuters reports.
?? TikShift: U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok's business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. Reuters reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time) Benzinga reports.
1. $:RELI: Reliance Global Group
Total gain: 196.66%
2. $:PIK: Kidpik
Total gain: 118.5%
3. $:EDBL: Edible Garden
Total gain: 82.16%
4. $:PHIO: Phio Pharma
Total gain: 80.68%
5. $:LYT: Lytus Technologies Holdings
Total gain: 52.38%
Trading Strategies
Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.
Using Golden And Death Crosses In Trading: Timeframes And Applicability
Golden and Death Crosses are best observed on daily or weekly charts. Applying these patterns on intraday charts, like 15-minute or 4-hour charts, can lead to false signals due to the shorter-term nature of the data. For example, on a 15-minute chart, a 50-period moving average represents 12.5 hours of trading—a timeframe that doesn’t align with the long-term implications of these crosses.
?? Read more
Refer a Friend & Earn Together
Did you know that it pays to invite your friends to TradeZero?When they fund a new account with us, you'll both receive $100 USD. T&Cs apply.
?? Learn More
Friday’s Biggest Movers
领英推荐
The closing price of the top three market percent gainers trading near or above $3 on December 20.
(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM Eastern Time) Benzinga reports
1. $NVNI: Nvni Group
Total gain: + 222.85%
The stock appeared to be moving on no notable news.
2. $MYSZ: My Size
Total gain: +203.7%
The stock appeared to be moving on no notable news.
3. $OPTX: Syntec Optics Holdings
Total gain: +75.77%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
AVXL Anavex Life Sciences
Q4 2024
Before Market Open Estimate: -0.170
Actual: N/A
LMNR Limoneira
Q4 2024
After Market Close Estimate: -0.070
Actual: N/A
BLIN Bridgeline Digital
Q4 2024
After Market Close Estimate: -0.010
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
10:00 am Consumer confidence - December
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Parting Thoughts
"Be fearful when others are greedy, and greedy when others are fearful." ― Warren Buffett
Sourced in: “Berkshire Hathaway Shareholder Letter”, 2004
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