The Dow, the Nasdaq and the S&P 500 closed out Black Friday at record highs. The Dow Jones Industrial Average inched up higher from Wednesdays close, up 0.36% at 19152.14. The S&P also posted another record finish, up 0.39% at 2,213.35.
More noteworthy: the Nasdaq Composite hit new highs as the index gained 0.34% on the day at 5,398.92. The Trump effect put the hurt on FANG stocksFacebook (FB), Amazon.com (AMZN), Netflix (NFLX), and Google (GOOGL)pushing the Nasdaq lower, but they appear to be recovering. Since Nov. 9 through Fridays close, Facebook was down 2%, Amazon was up 1%, Netflix was down nearly 4%, and Google was down by more than 3%.
Gold, and silver spot prices continued to suffer on fears of rate hikes; both finished down for three consecutive weeks. However, copper hit a new 52-week high at $20.30 per pound, the highest settle value since June 12, 2015.
Some food for thought: Doug Porter chief economist of BMO Financial Group published a note titled U.S. Dollar: Smells Like Trump Spirit. Here’s an excerpt of the note:
Top 5 Gold Stocks To Watch Right Now: MicroStrategy Incorporated(MSTR)
- [By Ethan Ryder]
Get a free copy of the Zacks research report on MicroStrategy (MSTR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 Gold Stocks To Watch Right Now: Immunomedics, Inc.(IMMU)
- [By Ethan Ryder]
Teachers Advisors LLC increased its position in shares of Immunomedics (NASDAQ:IMMU) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 211,706 shares of the biopharmaceutical company’s stock after purchasing an additional 27,385 shares during the period. Teachers Advisors LLC’s holdings in Immunomedics were worth $3,421,000 at the end of the most recent reporting period.
Top 5 Gold Stocks To Watch Right Now: Becton, Dickinson and Company(BDX)
- [By Brian Orelli]
Becton, Dickinson (NYSE:BDX) reported wacky results for its second fiscal quarter.This is the first quarter that the medical supply company has included results from itsacquisitionofC.R. Bard. But looking at the two companies on a comparable basis, it was a solid quarter for the newly combined company.
Top 5 Gold Stocks To Watch Right Now: SPDR S&P 500 ETF (SPY)
- [By Todd Shriber, ETF Professor]
About 25 years after the debut of the SPDR S&P 500 ETF (NYSE: SPY), the exchange traded funds universe finally has a bond fund based on the S&P 500. The ProShares S&P 500 Bond ETF (NYSE: SPXB) debuted Thursday.
- [By Dan Caplinger]
Yet when it comes to investing, reward often comes from being willing to take on risk. Over the past 10 years, investors who’ve been willing to look at smaller companies have seen much stronger returns than those who’ve stuck with the tried-and-true big names that are more familiar to them. When you look at exchange-traded funds tracking indexes composed of companies of different sizes — SPDR S&P 500 (NYSEMKT:SPY) for large companies, SPDR S&P Midcap 400 (NYSEMKT:MDY) for midsize companies, and SPDR S&P SmallCap 600 (NYSEMKT:SLY) for small companies — you can put a number on just how much better smaller stocks have done:
- [By Todd Campbell]
Although the capital-intensive nature of gold mining means that gold mining stock prices are more volatile than physical gold, many gold mining stocks offer a weak negative correlation to the S&P 500 that could benefit investors during a stock market tumble.
Correlation to the SPDR S&P 500 ETF (SPY)
Company Stock Symbol Correlation
Barrick Gold Corp. ABX -0.65
Freeport McMoran Inc. FCX -0.32
Randgold Resources GOLD 0.5
Newmont Mining Corp. NEM -0.47
Goldcorp Inc. GG -0.56
S&P 500 SPY 1
Calculations by the author. Correlation is since 12/31/2004.
- [By Stephan Byrd]
Shepherd Financial Partners LLC lifted its position in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,701 shares of the company’s stock after buying an additional 5,649 shares during the period. SPDR S&P 500 ETF Trust comprises 21.0% of Shepherd Financial Partners LLC’s investment portfolio, making the stock its largest position. Shepherd Financial Partners LLC’s holdings in SPDR S&P 500 ETF Trust were worth $85,159,000 at the end of the most recent reporting period.
- [By ]
However, I felt the algos had misinterpreted Xi’s remarks and didn’t thoughtfully analyze or process his statement. So, I aggressively shorted the SPDR S&P 500 ETF (SPY).
Top 5 Gold Stocks To Watch Right Now: Loral Space and Communications Inc.(LORL)
- [By Max Byerly]
Loral Space & Communications (NASDAQ:LORL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.