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Afternoon Note

Merger Mania Continues

By Charles Payne, CEO & Principal Analyst
11/25/2019 2:08 PM

It’s another merger mania day.  The latest mergers mega deals include:

The major indices are all firmly in the green with Nasdaq and S&P 500 hitting new all-time highs, up 136 and 19 points, respectively.  The Dow is up 135 to 28010, and it is up about 3.6% this month alone. Technology is the best performing sector on news that China will increase its efforts to have greater intellectual property laws and punishments.

The safe havens Consumer Staples and Utilities are the only sectors in the red. McDonald (MCD) is down today but has reportedly settled a major labor dispute dealing with overtime in California.  On a positive note, a sell side firm, Longbow, thinks that fourth quarter comps have stabilized. 

S&P 500 Index

+0.62%

 

Communication Services (XLC)

+0.42%

 

Consumer Discretionary (XLY)

+0.79%

 

Consumer Staples (XLP)

 

-0.11%

Energy (XLE)

+0.03%

 

Financials (XLF)

+0.53%

 

Health Care (XLV)

+0.84%

 

Industrials (XLI)

+0.80%

 

Materials (XLB)

+0.51%

 

Real Estate (XLRE)

+0.05%

 

Technology (XLK)

+1.18%

 

Utilities (XLU)

 

-0.17%


Comments
Charles, we wish you & your family a very happy Thanksgiving. As you said you bought NIO for yourself and wife in retirement holdings, are you buying or have you purchased bought BLNK? We picked 10k shares 11/22/19 @$1.64. Today finished market trading hours BLNK@$1.96( Blink recharging stations we have a 1yr PT$5.00 BLNK. Either a buyout or an competitor in the e vehicle market of RURAL and urban markets as well as city recharging stations over next few years by 2025. Again thank you Charles PAYNE for your insight, FACTS based news, SPLK, RH, LULU, VMW, PAYC, TGT, . We have been in alot of same stocks since 1980 BA, 2008 AAPL, 1996 MSFT, 2013 NVDA, you know most our long holdings, thank you. Please Charles PAYNE & FBN enjoy the Thanksgiving holiday, we thank you All. Thank president Trump. Bull market continues 2020-2024 In USA & President Trump rally will RAISE ALL boats. Life is great, INVEST long. 1EYE2C.

Ed on 11/25/2019 4:50:44 PM
Life is great. Thanks Ed

Charles Payne on 11/25/2019 6:51:49 PM
charles i have watched your show "making money"every chance i can.i got the book&cd you
offer on tv.thank you much.have a great christmas & prosperous new year.
thanks also to president trump&first lady milania i will say a prayer for you all.

jim mcgowan on 12/2/2019 10:52:18 AM
 

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