?? Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024
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 500 6,051.09-0.16 (-0.00%)
Dow Jones 43,828.06-86.04 (-0.20%)
NASDAQ 19,926.73+23.92 (+0.12%)
Market close: December 13, 2024
Breaking News
Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024 ??, as Wall Street looks for a bumper crop of initial public offerings in 2025. Yahoo Finance reports.
Image source: Wikimedia Commons.
EdgeUp
?? CruiseStop: GM’s Cruise robotaxi business is latest growth initiative to falter. CNBC reports.
?? CryptoWave: Bitcoin rises to new record above $106,000 ahead of this week’s Fed decision. CNBC reports.
?? EconChill: China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. CNN Business.
??? ShopTock: TikTok Shop was going to be the next big thing. A potential ban could change that. CNN Business.
?? Shift: Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers. Reuters reports.
?? DataRise: Software firm Databricks is nearing a deal that could become one of the largest venture capital funding rounds in history. Yahoo Finance 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. $MSTR: MicroStrategy
Total gain: 937.14%
2. $SIDU: Sidus Space
Total gain: 77.62%
3. $LAES: SEALSQ
Total gain: 50.85%
4. $UBXG: U-BX Technology
Total gain: 38.61%
5. $PRTC: PureTech Health
Total gain: 22.85%
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”.
What Are Golden Crosses And Death Crosses?
Before we jump into examples, let’s define these terms.
Both are lagging indicators, meaning they reflect past price movements and often mark significant trend shifts. However, these patterns need context to be actionable. ?? Read more
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Friday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on December 13.
(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. $WKEY: WISeKey International Holding
Total gain: +142.68%
The company announced WISeSat satellite launch with spaceX on January 14, 2025. Benzinga reports.
2. $IPHA: Innate Pharma
Total gain: +96.45%
The stock appeared to be moving on no notable news.
3. $CGTL: Creative Global Tech
Total gain: +37.92%
The stock appeared to be moving on no notable news.
Today’s Key Economic Dates
Time (ET) / Report / Period
08:30 am Empire State manufacturing survey - December
09:45 am S&P flash U.S. services PMI - December
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Parting Thoughts
"Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you." ― Larry Hite
Sourced in: "The New Market Wizards: Conversations with America’s Top Traders’’, published in 1992.
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