Whether you’re a fund manager or the president of the United States, a December stock rally is a wonderful thing. Many money managers have incentives tied to “locking in gains” before the end of the year, and of course President Trump wants all the bragging rights he can get.
The Dow Jones Industrial Average
DJIA, +1.29%
was up 432 points (1.7%) in the first few minutes of trading Monday, while the S&P 500
SPX, +1.14%
rose 1.4% and the Nasdaq Composite Index
COMP, +1.59%
jumped 2% after Trump and Chinese President Xi Jinping agreed to get serious about trade negotiations. Following a dinner Saturday night in Buenos Aires during the G-20 gathering, the U.S. agreed not to impose 25% tariffs on $200 billion in annual imports from China in January. This opens a 90-day window for a trade agreement.
Read: Asia-Pacific stocks jump on U.S.-China trade truce
Trump also said China had agreed to “reduce and remove tariffs on cars coming into China from the U.S.”
Stocks were also helped by a 4.5% increase in West Texas Intermediate crude
CLF9, +3.85%
following an agreement between Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman to cut production.
Big winners on Monday
Among the 30 components of the Dow Jones Industrial Average, all but five were up in the first few minutes of trading:
| Company | Ticker | Intraday price | Price change – Dec. 3 | Price change – November | Price change – 2018 through Dec. 3 | Price change – 2017 |
| Boeing Co. |
BA, +4.89% |
$367.48 | 6.0% | 3.6% | 24.6% | 89.4% |
| Caterpillar Inc. |
CAT, +3.79% |
$141.56 | 4.3% | 16.7% | -10.2% | 69.9% |
| Nike Inc. Class B |
NKE, +3.75% |
$77.59 | 3.3% | 3.4% | 24.0% | 23.1% |
| DowDuPont Inc. |
DWDP, +2.68% |
$59.72 | 3.2% | 10.8% | -16.1% | 24.5% |
| Apple Inc. |
AAPL, +2.28% |
$184.10 | 3.1% | -15.9% | 8.8% | 46.1% |
| Visa Inc. Class A |
V, +2.58% |
$145.00 | 2.3% | 5.2% | 27.2% | 46.1% |
| Microsoft Corp. |
MSFT, +0.97% |
$113.42 | 2.3% | 6.2% | 32.6% | 37.7% |
| Intel Corp. |
INTC, +2.27% |
$50.39 | 2.2% | 7.5% | 9.2% | 27.3% |
| Goldman Sachs Group Inc. |
GS, +1.45% |
$194.50 | 2.0% | -13.7% | -23.7% | 6.4% |
| Chevron Corp. |
CVX, +1.80% |
$121.08 | 1.8% | 8.4% | -3.3% | 6.4% |
| American Express Co. |
AXP, +1.05% |
$114.17 | 1.7% | 11.1% | 15.0% | 34.1% |
| United Technologies Corp. |
UTX, +2.55% |
$123.90 | 1.7% | -0.2% | -2.9% | 16.4% |
| Home Depot Inc. |
HD, +0.83% |
$183.03 | 1.5% | 4.1% | -3.4% | 41.4% |
| Cisco Systems Inc. |
CSCO, +1.67% |
$48.56 | 1.4% | 6.1% | 26.8% | 26.7% |
| 3M Co. |
MMM, +0.71% |
$210.85 | 1.4% | 10.8% | -10.4% | 31.8% |
| Exxon Mobil Corp. |
XOM, +1.41% |
$80.46 | 1.2% | 1.0% | -3.8% | -7.3% |
| J.P. Morgan Chase & Co. |
JPM, +0.89% |
$112.48 | 1.2% | 3.2% | 5.2% | 23.9% |
| Walt Disney Co. |
DIS, +0.39% |
$116.80 | 1.1% | 1.7% | 8.6% | 3.2% |
| UnitedHealth Group Inc. |
UNH, +1.28% |
$283.59 | 0.8% | 8.5% | 28.6% | 37.8% |
| International Business Machines Corp. |
IBM, +0.72% |
$125.17 | 0.7% | 8.4% | -18.4% | -7.6% |
| Walgreens Boots Alliance Inc |
WBA, +0.50% |
$85.21 | 0.6% | 6.8% | 17.3% | -12.3% |
| Walmart Inc. |
WMT, +1.59% |
$97.92 | 0.3% | -2.4% | -0.8% | 42.9% |
| Merck & Co. |
MRK, -0.87% |
$79.46 | 0.2% | 7.9% | 41.2% | -4.4% |
| Pfizer Inc. |
PFE, -0.41% |
$46.29 | 0.1% | 7.5% | 27.8% | 11.5% |
| Travelers Cos. |
TRV, -0.90% |
$130.49 | 0.1% | 4.3% | -3.8% | 10.8% |
| McDonald’s Corp. |
MCD, -1.40% |
$188.34 | -0.1% | 6.5% | 9.4% | 41.4% |
| Procter & Gamble Co. |
PG, -1.37% |
$94.31 | -0.2% | 6.3% | 2.6% | 9.3% |
| Johnson & Johnson |
JNJ, -0.50% |
$145.76 | -0.8% | 4.1% | 4.3% | 21.3% |
| Coca-Cola Co. |
KO, -2.27% |
$49.90 | -1.0% | 4.2% | 8.8% | 10.7% |
| Verizon Communications Inc. |
VZ, -3.13% |
$58.90 | -2.3% | 3.2% | 11.3% | -0.8% |
| Source: FactSet | ||||||
You can click the tickers for more on each company, including news, price ratios, ratings and financials.
Here are the 10 best-performing S&P 500 stocks in early trading Monday:
| Company | Ticker | Intraday price – 15-minute delay | Price change – Dec. 3 | Price change – November | Price change – 2018 through Dec. 3 | Price change – 2017 |
| Wynn Resorts Ltd. |
WYNN, +10.10% |
$119.81 | 9.5% | 19.1% | -28.9% | 94.9% |
| Nvidia Corp. |
NVDA, +4.17% |
$174.04 | 6.5% | -17.5% | -10.1% | 81.3% |
| Microchip Technology Inc. |
MCHP, +3.83% |
$79.82 | 6.4% | 21.3% | -9.2% | 37.0% |
| Boeing Co. |
BA, +4.89% |
$367.48 | 6.0% | 3.6% | 24.6% | 89.4% |
| Advanced Micro Devices Inc. |
AMD, +8.73% |
$22.53 | 5.8% | 23.7% | 119.2% | -9.3% |
| Deere & Co. |
DE, +5.24% |
$163.20 | 5.4% | 20.5% | 4.3% | 51.9% |
| TechnipFMC PLC |
FTI, +4.68% |
$24.32 | 5.3% | -7.5% | -22.3% | N/A |
| Newfield Exploration Co. |
NFX, +5.01% |
$17.85 | 5.3% | -11.6% | -43.4% | -22.1% |
| Amazon.com Inc. |
AMZN, +4.63% |
$1,775.75 | 5.1% | 11.1% | 51.8% | 56.0% |
| Freeport-McMoRan Inc. |
FCX, +4.23% |
$12.50 | 4.7% | 7.3% | -34.1% | 43.7% |
| Source: FactSet | ||||||
And here are the 10 best performers among the Nasdaq 100
NDX, +1.78%
out of the gate:
| Company | Ticker | Intraday price – 15-minute delay | Price change – Dec. 3 | Price change – November | Price change – 2018 through Dec. 3 | Price change – 2017 |
| Wynn Resorts Ltd. |
WYNN, +10.10% |
$119.81 | 9.5% | 19.1% | -28.9% | 94.9% |
| Nvidia Corp. |
NVDA, +4.17% |
$174.04 | 6.5% | -17.5% | -10.1% | 81.3% |
| Microchip Technology Inc. |
MCHP, +3.83% |
$79.82 | 6.4% | 21.3% | -9.2% | 37.0% |
| JD.com Inc. Sponsored ADR Class A |
JD, +5.32% |
$22.37 | 5.3% | -4.9% | -46.0% | 62.8% |
| Amazon.com Inc. |
AMZN, +4.63% |
$1,775.75 | 5.1% | 11.1% | 51.8% | 56.0% |
| Ctrip.com International Ltd. ADR |
CTRP, +4.02% |
$30.25 | 4.9% | -9.1% | -31.4% | 10.3% |
| NXP Semiconductors NV |
NXPI, +3.81% |
$87.19 | 4.6% | 16.3% | -25.5% | 19.5% |
| Micron Technology Inc. |
MU, +3.79% |
$40.17 | 4.2% | 6.5% | -2.3% | 87.6% |
| NetEase Inc. Sponsored ADR |
NTES, +4.38% |
$236.23 | 4.0% | 13.7% | -31.5% | 60.2% |
| Adobe Inc. |
ADBE, +1.32% |
$260.28 | 3.7% | 5.9% | 48.5% | 70.2% |
| source: FactSet | ||||||
Don’t miss: Utility stocks have beaten the S&P 500 in two months of turbulence and in the long run
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Source : MTV
