Stock Trading Today 12-29-16 | CBS Sued For 750 Million

JonBenét Ramsey’s brother sues CBS for defamation

Lawsuit seeks $750 million over claims Burke Ramsey killed his sister

The older brother of JonBenét Ramsey, the 6-year-old beauty queen who was mysteriously killed in 1996, filed a $750 million defamation lawsuit against CBS Corp. CBS, -0.54%   on Wednesday, following the airing of a TV documentary that accused him of killing his sister.

Burke Ramsey’s lawsuit claims CBS’s prime-time four-hour special, “The Case of JonBenét Ramsey,” which aired in September, defamed him for publicity and profit. Also named in the suit the show’s production company, Los Angeles-based Critical Content, and seven investigators and forensic experts who appeared on the show.

marketwatch.com

JonBenet Ramsey’s brother files $750 million defamation lawsuit against CBS

JonBenet Ramsey’s brother, Burke, filed a $750 million lawsuit against CBS Corp. and consultants in Wayne County, Michigan, on Wednesday, the latest development in the unsolved murder of his sister.

In the 108-page defamation complaint obtained by NBC affiliate KUSA, Burke Ramsey alleges that CBS and other defendants damaged his reputation through a “false accusation that he killed his sister.”

cnbc.com

$CBS 12-28-16

Stocks to Trade 12-29-16 | Thursday Edition

Bullish Momentum:

Bearish Momentum: ntnx, mnk, fnsr, wb, bby, srpt

Bullish Order Flow: TSLA, CVX, GS, COST, UNH, KMX, PNC, LRCX, WDC, PRU, CLVS, UAL, TRGP, SLCA, IONS, NVDA

Bearish Order Flow: twlo, ntnx, mnk, jwn, vrtx, lb, baba, expe

Double Normal Volume: NVDA


stock market today 12-29-16Stock Market Today

These bets helped Warren Buffett become biggest-gaining billionaire of 2016

Warren Buffett may have supported Hillary Clinton in her presidential bid this year, but the billionaire investor has seen his wealth jump significantly since her loss to President-elect Donald Trump in November.

Buffett had added about $12 billion to his fortune in 2016 through Tuesday, making him the biggest gainer among wealthy individuals in the U.S., according to both the Bloomberg Billionaire’s Index and a separate report from Forbes.

marketwatch

No Expiration Date on S&P 500 Bull Run Hurtling Into Ninth Year

Valuation, history shows, is an awful tool for market timing. Equity cycles persist, and selling just because price-earnings ratios are high has repeatedly proven a mistake.

But what if the persistence starts pushing up against history?

bloomberg.com

These currencies got crushed in 2016

2016 has been a roller coaster of a year, and currency markets are no exception. A few countries have fared well, but others have seen the value of their currencies fall dramatically.

Here’s a list of the currencies that have been rocked hardest in 2016:

money.cnn.com

Trump tax reforms could depend on little-known ‘scoring’ panel

President-elect Donald Trump’s goal of overhauling the U.S. tax code in 2017 will depend partly on the work of an obscure congressional committee tasked with estimating how much future economic growth will result from tax cuts.

Known as the Joint Committee on Taxation, or JCT, the nonpartisan panel assigns “dynamic scores” to major tax bills in Congress, based on economic models, to forecast a bill’s ultimate impact on the federal budget.

reuters.com

How Important Is Information from FOMC Minutes?

To foster transparency and accountability in monetary policy, the Federal Open Market Committee publishes a statement immediately following every FOMC meeting, followed by the full minutes of the meeting three weeks later.

Evidence suggests the release of the minutes can have a sizable impact on Treasury bond yields. The impacts are largest when[…]

ritholtz.com

The Year 2016 in Stocks – Stocktwits Style

Yesterday, the team put together the most incredible list of the 100 most shared, viewed and discussed ideas and charts of the year. It’s a great summary of what went down in the markets and you can scroll few them in a few minutes. Our community is smart and very funny.

howardlinzon.com

Financial Times, Barron’s Tout Death of Gold

When the pall bearers and grave diggers start dancing on gold’s grave, it’s usually a good time to buy. Here are a few articles that will have contrarian ears perking up.

mishtalk.com

Dow’s 20,000 barrier, weak European banks dent stocks

European shares, the dollar and bond yields fell on Thursday, with traders using the quiet holiday period to book some profit on the rise that had lifted all three to multi-year and in some cases record highs recently.

reuters.com

Wall Street stocks set to struggle as investors brace for more data

U.S. equities were facing a moderately weaker open on Thursday, as stock futures edged lower a day after the S&P 500 suffered its biggest loss in months and the Dow industrials backed further away from 20,000.

Weekly jobless claims and trade-balance data will be in focus for investors on Thursday.

marketwatch.com

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