Stocks Are Jumping On December 16 As The Year-End Rally Continues

US Markets

  • S&P 500 Futures +14.50
  • US 10-Year 1.85%
  • Dollar Index 96.96
  • Oil $60.08
  • VIX 12.02

International Markets

  • Japan -0.29%
  • HK -0.65%
  • China +0.56%
  • KOSPI -0.10%
  • UK 2.3%
  • DAX +0.74%

S&P 500 (SPY)

Markets are rising once again, with the S&P 500 trading higher by about 50 basis points to start. Futures are currently implying an opening of around 3,185 for S&P 500 cash. Markets continue to grind higher, pushing towards 3,200.

S&P 500, spx

 

Acadia (ACAD

Acadia is moving up today after getting initiated at Guggenheim with a Buy rating and $60 price. The company noted it sees peak sales for Nuplazid at $3 billion when combining Parkinson’s disease psychosis with dementia-related psychosis. It probably makes the stock worth more than $60, in my opinion. At four times sales, you get a $12 billion valuation versus its current market cap of $6.9 billion.

acadia, acad

 

Micron (MU

Micron is getting some positive commentary today ahead of earnings this week. Susquehanna gave the stock a significant price target increase to $85 from $45. Wow, that is a huge jump. $85 seems like a lot to me, but I guess we can find out. $54 is the next level of resistance.

micron, mu

 

Boeing (BA

Boeing is falling this morning on news the company may halt production of the 737-MAX. This is one nasty looking chart, and I have been saying for what seems like forever in the mid-day commentary how I thought this stock was moving lower. $317 seems like the next level to watch for. 

Boeing, ba

 

Tesla (TSLA)

So much for rising competition for Tesla. The new Porsche Taycan, ya know, the Tesla Killer, only has a range of 201 miles, wow.  That is versus the Tesla Model S at 373. Tesla is moving up over $360 this morning, and the next stop maybe $378. Just think there haven’t even been “leaked” emails yet about the production of deliveries for the quarter. 

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Disclosure: Michael Kramer And The Client Of Mott Capital Own TSLA And ACAD

Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when ...

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