Stocks See Sharp Sell-Off Despite a Few Standouts
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Overall Analyst Rating:
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Revenue Growth %: +9.8%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 6.2%
Revenue Growth %: +9.8%
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Stocks are notably weaker Tuesday as some investors believe the best levels of the year may have already been reached and are locking in gains ahead of an expected Federal Reserve QE-taper in the early part of next year.
Heading into the close, the Dow is down 123 points to 15,886, the S&P 500 is down 9 to 1,792, and the NASDAQ is off 16 points to 4,030.
Today marks the third straight day of losses in the major averages since Friday's shortened holiday session. While many are still hopeful that a 'Santa Clause' rally will lift stocks higher into year end, others view the market year-to-date gains as an early Christmas gift and are happy to take profits.
Automakers are lower across the board despite seemingly positive November sales data Tuesday. Ford (NYSE: F) is down 3.3 percent after reporting that November U.S. sales rose 7 percent to 190,449 vehicles, above the consensus of a 5.6 percent rise. GM (NYSE: GM) is down 3 percent despite November sales gains of 13.7 percent, or 212,060 vehicles.
Notably bucking the down trend today is Apple (NASDAQ: AAPL), which is up 2 percent on word the long-awaited China Mobile deal is imminent. Shares were also upgrade to Buy at UBS. Tesla (NASDAQ: TSLA) shares are also moving sharply higher after the German Federal Motor Transport Authority came to a favorable conclusion in its investigation of the recent crash-related Model S fires showing no manufacturer defects were found. Also, Morgan Stanley reiterated the stock as Top Pick and told clients to aggressively buy the recent weakness. Shares of Tesla are up 16 percent.
Heading into the close, the Dow is down 123 points to 15,886, the S&P 500 is down 9 to 1,792, and the NASDAQ is off 16 points to 4,030.
Today marks the third straight day of losses in the major averages since Friday's shortened holiday session. While many are still hopeful that a 'Santa Clause' rally will lift stocks higher into year end, others view the market year-to-date gains as an early Christmas gift and are happy to take profits.
Automakers are lower across the board despite seemingly positive November sales data Tuesday. Ford (NYSE: F) is down 3.3 percent after reporting that November U.S. sales rose 7 percent to 190,449 vehicles, above the consensus of a 5.6 percent rise. GM (NYSE: GM) is down 3 percent despite November sales gains of 13.7 percent, or 212,060 vehicles.
Notably bucking the down trend today is Apple (NASDAQ: AAPL), which is up 2 percent on word the long-awaited China Mobile deal is imminent. Shares were also upgrade to Buy at UBS. Tesla (NASDAQ: TSLA) shares are also moving sharply higher after the German Federal Motor Transport Authority came to a favorable conclusion in its investigation of the recent crash-related Model S fires showing no manufacturer defects were found. Also, Morgan Stanley reiterated the stock as Top Pick and told clients to aggressively buy the recent weakness. Shares of Tesla are up 16 percent.
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