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Stock Market Roundup Dec. 29: Amazon Flies High as Dow Keeps 20,000 In Sight
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Stocks were moving up and down on Thursday, and closed in the red at the end of the day. The Dow Jones, S&P 500, and the NASDAQ each stepped back from record highs, with just one trading day left in 2016.
Jon Snow may know a whole lot of nothing, but he does know something about getting audiences hooked—and staying hooked—on a television show. For the fifth consecutive year, Time Warner -owned HBO’s Game of Thrones was named the most illegally downloaded TV show on the Internet, according to TorrentFreak.
Amazon (AMZN - Free Report) has won a patent for an “airborne fulfillment center (AFC),” or a flying warehouse, like an airship or a blimp, that would float at an altitude of around 45,000 feet high. The AFC will serve as a base for drones to deliver packages to customers within minutes.
The semiconductor industry has produced numerous winners in recent months, while the space at large has easily crushed the S&P 500. But with such big moves, investors have to be worried if this trend can continue in the New Year too. While it might not be such a sector-wide surge again in 2017, a few still look promising in this environment, such as Microchip Technology (MCHP - Free Report) .
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 now >>
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Stock Market Roundup Dec. 29: Amazon Flies High as Dow Keeps 20,000 In Sight
Stocks were moving up and down on Thursday, and closed in the red at the end of the day. The Dow Jones, S&P 500, and the NASDAQ each stepped back from record highs, with just one trading day left in 2016.
Zacks Rank #1 (Strong Buy) Biggest Movers
Value: Corecivic Inc.
Growth: Silver Standard
Momentum: PennyMac Mortgage Investment Trust (PMT - Free Report)
VGM: Investar Holding Corp. (ISTR - Free Report)
Income: PMT
Major Indexes
DOW: 19,820.33 / -13.35 / -0.07%
S&P 500: 2,249.28 / -0.64 / -0.03%
NASDAQ: 5,432.09 / -6.47 / -0.12%
Top Headlines
Game of Thrones is Top Illegally Downloaded TV Show of 2016
Jon Snow may know a whole lot of nothing, but he does know something about getting audiences hooked—and staying hooked—on a television show. For the fifth consecutive year, Time Warner -owned HBO’s Game of Thrones was named the most illegally downloaded TV show on the Internet, according to TorrentFreak.
Amazon Scores Flying Warehouse Patent That Will Send Out Delivery Drones
Amazon (AMZN - Free Report) has won a patent for an “airborne fulfillment center (AFC),” or a flying warehouse, like an airship or a blimp, that would float at an altitude of around 45,000 feet high. The AFC will serve as a base for drones to deliver packages to customers within minutes.
Bull of the Day: Microchip Technology (MCHP - Free Report)
The semiconductor industry has produced numerous winners in recent months, while the space at large has easily crushed the S&P 500. But with such big moves, investors have to be worried if this trend can continue in the New Year too. While it might not be such a sector-wide surge again in 2017, a few still look promising in this environment, such as Microchip Technology (MCHP - Free Report) .
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 now >>