Markets News 

Live Nation, Zebra and Steris to join S&P 500, TripAdvisor among companies dropped

“MAC, -1.70% “All companies moving to the S&P 500 have market capitalizations above $12 billion, and all companies moving to the S&P MidCap 400 have market capitalizations below $4.5 billion,” the announcement notes” writes Jeremy C for marketwatch.com. They will graduate from the S&P MidCap 400 and replace three companies that will drop down to that index: TripAdvisor Inc.The S&P 500 index SPX, +0.01% will have some new members in 2020, after S&P Dow Jones Indices announced a shuffle set to take place just before Christmas.ZBRA, -0.19% and Steris PLC…

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Markets News 

Here’s what the new trade deal means for the markets

“It was up 0.7% for the week and 26% for the year in anticipation of a China trade truce” writes Patti Domm for cnbc.com. Analysts have said stocks were already pricing in the promise of a trade deal.”The Chinese economy, as the second largest economy, helps fuel global trade.We put a cap on U.S. China trade escalation.”.  Source: cnbc.com

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Markets News Oil 

The rally to $60 in WTI crude has happened under the radar

“There is a growing belief that shale growth isn’t going to meet expectations” reports forexlive.com. Another notable observation in the oil market is how narrow the range has been. Everyone has written off crude but global demand is still rising and if we see a pickup in global growth the market could quickly become undersupplied.In addition, the debt market is turning on shale — especially outside of the Permian basin.There has been a persistent bid in oil since the OPEC decision that’s flown under the radar because of so much…

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Markets News Stocks 

Stock market books tepid gains to end the week as market weighs merits of limited China trade-deal

“Underpinning the week’s advance was the easing of fears –at least temporarily–surrounding two of the biggest points of friction for stock-market investors: U.K. elections and trade tensions” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average DJIA, +0.01% closed up about 0.01% at 28,135, missing a record close at 28,164, while the S&P 500 index SPX, +0.01% advanced less than 0.01% to 3,169, enough for a fresh all time high.The S&P 500 and the Nasdaq Composite finished the week at records Friday but enthusiasm over an announced China-U.S. partial…

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Brokers Markets News 

We asked 7 real estate experts what buying and selling your house will look like in 2030. They mapped out huge tech-driven shifts and explained where that leaves human brokers.

“Real estate agents are still here, even if their jobs have changed with the advent of social media marketing and online listing platforms” writes Alex Nicoll for businessinsider.com. Warburg Realty’s Peters said that traditional real estate brokerage will become a “private wealth management-style service.”. Thomas Kutzman, co-CEO and co-founder at Prevu, believes that this increase in efficiency will significantly cut the number of real estate agents.These tiers will cause some large changes to real estate brokerage.Real estate agents have, so far, largely avoided being replaced by technology, unlike many human…

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Markets News Stocks 

Costco shares fall 1.9% as analysts view latest quarter as good but not stellar

“Costco Wholesale Corp. shares COST, -1.81% slid 1.9% Friday, as analysts weighing in on the company’s latest quarterly earnings said they were solid but not stellar” writes Ciara Linnane for marketwatch.com. “We would say that COST delivered a strong quarter by most retailers’ measures, but by Costco’s standards was somewhat average,” wrote Instinet analyst Michael Baker, who rates the stock as neutral.”While in no way a negative catalyst with the stock trading at ~34.5x FY20 consensus EPS, we think that the market would want more of a beat to get…

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Brokers Markets News 

Broker Group Warns of Investor Risks Posed by U.S. Direct Share-Listing Proposal

“Nasdaq has said it also intends to file changes to its rules that would allow companies to raise funds, so-called primary capital, through a direct listing” writes Min Read for reuters.com. The New York Stock Exchange (NYSE) has filed an application with the SEC to allow companies going public to raise capital through a direct listing, instead of an initial public offering.NEW YORK/WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission risks weakening investor protections if it allows companies to raise money in the public market through a direct listing…

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Crypto Markets News 

Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020

“The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road” writes Ana Alexandre for cointelegraph.com. In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will reach $100,000 in 2020.As such, Bitcoin price could be artificially increased by investor expectations combined with mass psychology and through a positive feedback loop of buyer optimism Some other industry players have also made predictions…

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Markets News Stocks 

Cannabis stocks jump on hopes that Canadian move will curb black-market sales

“The news, reported by Canadian network Canadian Broadcasting Corp., eased concerns about the shortage of stores that has hampered the development of the legal cannabis market in Canada and allowed the black market to continue to thrive” writes Ciara Linnane for marketwatch.com. Cannabis stocks rallied out of the gate Friday, after a report that the Canadian province of Ontario will open up the market for retailers with plans to issue abut 20 new store approvals starting in April 2020. Source: marketwatch.com

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Markets News Oil 

Oil prices hit highest in 3 months as US-China trade deal takes shape

“Elsewhere, Norway’s oil output in November hit a 32-month high at 1.71 million barrels per day, the Norwegian Petroleum Directorate (NPD) said on Thursday” reports cnbc.com. While a trade deal that would end uncertainty could provide a shot in the arm for oil demand in the near term, concerns continue to hover about the demand profile amid ample supplies going forward.”Lingering doubts about demand will cap the upside on prices,” said ANZ Bank in a note on Friday. Source: cnbc.com

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