Market Update Newsletter 12/23

Markets closed lower yesterday, led by a tech selloff. Santa rally seems out of sight now.

Futures are relatively flat. Today's expected economic data includes the November personal consumption expenditure report, the Federal reserve preferred measure of inflation, and personal income.

Tesla (TSLA) announces a $7,500 discount on its most popular models, Model 3 and Model Y. Musk also says he will not be selling any Tesla stock next year or even longer. The stock is up slightly premarket.

Oil stocks are up as the price for crude oil gains 2% in early trading.

Stocks to Watch

Raytheon Technologies (RTX) is up 21% in the last 3 months and down only 1.4% for the year, keeping on pace with the market.

Haliburton (HAL), Schlumberger (SLB), and Chevron (CVX) are all worth keeping on the radar as oil prices are still going up and oil-producing countries are desperate to fill the demand.

Humana (HUM) the healthcare stock is a true gem in this market. It outpaces the market and has a dividend. A great place to hide in this hideous market.

Happy Investing!

The Punkrock Capitalist