Stocks were in rally mode today, after a strong jobs report. Is this the start of a December to remember for investors? Yahoo Finance’s Andy Serwer believes this rally is all about certainty, as investors can finally bank on a Fed rate hike coming later this month.
Euro Pacific Capital’s Peter Schiff was more sanguine, claiming the jobs report was much weaker than it was depicted to be. To wit, weakness in manufacturing is pulling the economy lower in his eyes. Touting a long-time position, Schiff believes gold will push higher. The precious metal hit a two-week high today.
Winners and Losers
Now let's take a look at some of the winners and losers from Friday's big session. Stocks that didn't get an invite to the party were Anadarko Petroleum (APC), Barnes & Noble (BKS), and GoPro (GPRO). The wearable action camera maker sliding after an analyst downgrade and a disappointing outlook from one of its chip suppliers. Shares of GoPro are down almost 80% since hitting all-time highs in October of last year.
Among the many winners today were Avon (AVP), Apple (AAPL), and Amazon (AMZN). The online retailer announced it had bought thousands of Amazon branded truck trailers to help transport products, as the company takes more and more fulfillment operations into its own hands.
Drug Prices in America
Among the winning stocks this year have been pharma and biotech names. And with that now comes scrutiny, as many are asking why prices are so high in the U.S., when same drugs cost much less elsewhere. Yahoo Finance's Justine Underhill takes a peek into what ails our prescription drug system.
And now a look ahead at what will be making headlines on Monday.
- Consumer spending figures are announced as we get a pulse on early holiday shopping.
- We also get more Fed-speak as St. Louis Reserve Bank President James Bullard gives a speech on the economy.
- We speak to the CEO of NXP Semiconductors, as he gives us the lowdown on chips that will power the next generation of connected devices.