The markets are up across the board this morning as bonds also hold steady — and more in Thursday’s stock market recap.
As we approach the holidays, the markets have a lot of data to digest, especially because they’re closed on Friday in observance of Christmas Eve.
Thursday is a data-heavy day, with reports on durable goods orders, jobless claims, personal income, new home sales and consumer sentiment.
Elsewhere in the news, hospitals anticipate another wave of COVID-19 that rivals what we saw in the early days of the pandemic. The good thing is the omicron variant appears to be milder than other strains, and is less likely to result in hospitalization.
In this morning’s stock market recap video, you’ll learn the key levels for the major indices… the biggest report to watch out for on Thursday… confirmation on market internals… a road map to individual sectors that are rising… how to take advantage of the current market cycle… plus my top ETF with an option trade!
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
Roger’s Radar: Crocs Acquires Casual Shoe Company
Crocs Inc. (Nasdaq: CROX) announced Thursday it’s reached an agreement to buy a privately owned casual shoe company called Hey Dude for $2.5 billion in cash and stock.
The news came as a bit of an annoyance for yours truly as I was only $1 away from taking profits in this stock in my Microbursts Profit Signals strategy, and the news sent it sinking almost 13% this morning… But I still like the stock.
The company will pay $2.05 billion in cash and $450 million in shares to be issued to Heydude Founder and Chief Executive Alessandro Rosano. The company is expecting to enter a $2.0 billion Term Loan B facility and borrow $50 million under a revolving credit facility to fund the cash part of the deal, which is expected to close in the first quarter of 2022. Heydude was founded in Italy in 2008 to develop comfortable and accessible footwear.
“We believe HEYDUDE’s casual, comfortable and lightweight products are aligned to long-term consumer trends and are a perfect fit for Crocs,” said Crocs CEO Andrew Rees in a statement.
I’ve already nailed past predictions in 2020-21 like:
- Called for the rally in small caps post-election (414% on CLNE, 153% on DDD, even 246% on GME, all in just seven days).
- Nailed forecasts on “e-commerce,” predicting triple-digit moves in Etsy, Shopify and Meli.
- Formulated a large-cap trading algorithm that signalled over 1,400% in net cumulative profits in 2020.
- Told investors to get into RIOT early before the big shift to cryptos — RIOT soared 1,122%.
- And over the past six months, I pinpointed a major rally in industrials and basic materials that most hedge funds completely missed on!
Now, on Tuesday, Dec. 28 at 1 p.m. EST, I am revealing my top predictions for 2022!
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.