To The Moon

As we approach Christmas Eve, market activity is expected to be lighter but still crucial for positioning into the year-end. Let’s take a look at today’s highlights and potential opportunities:

1️⃣ Key Market Trends

Market Overview:

• The S&P 500 edged up 0.3% yesterday, with tech leading gains.

• Oil prices remain steady near $81/barrel, supporting energy stocks.

• Crypto markets see mild profit-taking after a recent rally.

market indices performance for December 23, 2024

2️⃣ Stocks to Watch

• Amazon ( $Amazon.com(AMZN)$ ):

  Record-breaking holiday sales reported for 2024, driven by strong e-commerce growth. Watch for updates on cloud computing revenue.

$amzn projection

• Chevron ( $Chevron(CVX)$ ):

  Supported by stabilized oil prices. Analysts anticipate robust cash flow into Q1 2025.

$CVX Projection

• Meta Platforms ( $Meta Platforms, Inc.(META)$ ):

  Expanding its AI advertising solutions. Potential for earnings upgrades ahead of the new year.

$META Projection

• Bitcoin ( $Grayscale Bitcoin Mini Trust(BTC)$ ):

  After retracing to $96,000, BTC is showing resilience, attracting dip buyers.

$BTC

3️⃣ Key Catalysts to Watch

• Economic Data: Core PCE inflation data will offer insight into the Fed’s outlook on rate cuts in 2025.

• Holiday Retail Trends: Final sales figures for the holiday season could boost consumer discretionary stocks.

• Earnings Previews: Early earnings estimates for Q4 2024 may impact market sentiment.

💡 Share Your Picks!

What stocks are you watching as we close out the year? Are you bullish on tech, energy, or crypto? Let’s discuss your thoughts and strategies below!

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📝 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

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