Wall Street on Monday didn’t just cash in on one winner, or a daily double, or even a trifecta. It notched astock market-style superfecta, with all four major U.S. stock indexes — representing blue chip names, technology stocks, small caps and large-company stocks — all closing at record highs on the same day for the first time in 17years.
The post-election rallybegan two weeks ago with so-called “Red Stocks” ripping higher after Republican Donald Trump’s surprise win on Nov. 8. The rally, which has been fueled by hopes that the president-elect’s growth-friendly policies will finallyjolt the U.S. economy out of its multi-year doldrums, has spreadto virtually every corner of the stock market.
All-time highs were in abundance tostart the week: Blue chips in the Dow Jones industrial average closed up 89 points to a record 18,956.69, extending its 2016 gain to nearly 9%.The benchmark Standard & Poor’s 500 finished 0.8% higher at 2198.18, its highest close ever. The tech-packed Nasdaq composite rallied 0.9% to a record 5368.86. And the Russell 2000, a stock index filled with the market’s smallest companies, extendedits winning streak to 12 sessions on its way to an all time record close of 1322.23 and a 16.4% gain for the year. That is the Russell 2000’s longest winning streak since June 2003.
Best Blue Chip Stocks To Buy For 2018: Flagstar Bancorp, Inc.(FBC)
- [By Dustin Blitchok]
When Alessandro DiNello was named CEO of Flagstar Bancorp Inc (NYSE: FBC) in 2013, the bank was on a financial precipice.
The bank’s business was almost entirely mortgages. As the industry unraveled nationally, Flagstar accepted $267 million in TARP money in 2009 — as well as private equity financing — to maintain solvency.
Best Blue Chip Stocks To Buy For 2018: Summer Infant Inc.(SUMR)
- [By Peter Graham]
A long term performance chart shows shares of Childrens Placeoutperforming last year before leveling off into a range while mid cap peerCarter’s, Inc (NYSE: CRI) is nearing previous highs againand small cap Summer Infant, Inc (NASDAQ: SUMR) is well below previous highs:
Best Blue Chip Stocks To Buy For 2018: Agrium Inc.(AGU)
- [By Jon C. Ogg]
Gains are being seen elsewhere as well, except in shares of The Mosaic Company (NYSE: MOS). AgriumInc. (NYSE: AGU) was up almost 3% at $91.95 in late Monday trading, although this one held up much better in the destructive news phase when the alarming news roiled these stocks. The big winner is Intrepid Potash, Inc. (NYSE: IPI), with a gain of 7% to $16.20 in late-Monday trading.
- [By Chad Fraser]
The agriculture ETF is heavily weighted toward the U.S., with 45.8% of its assets there, but it is geographically diverse, with exposure to countries such as Canada (9.9%), Switzerland (8.5%), Japan (6.7%) and Singapore (5.1%).
Potash Cartel Breakup Has Weighed on This Agriculture ETF
The ETF’s unit price declined in the first half of 2013, partly because of the breakup of the Belarusian Potash Company (BPC), through which Russia’s Uralkali, the world’s No. 1 potash producer, and Belaruskali of Belarus distribute their potash. The market is dominated by BPC and Canpotex, owned by Potash Corp. of Saskatchewan (NYSE: POT), Mosaic and Agrium Inc. (NYSE: AGU).
Together, the two cartels control 70% of global potash exports, so the breakup of BPC will result in a more fractured market, which seems likely to push potash prices lower. Shares of major potash producers fell sharply on the news, as did Market Vectors Agribusiness ETF due to its potash stock holdings, which include Agrium, Potash Corp. and Mosaic.
- [By Shanthi Rexaline]
Agri-Input Companies — Seeds/ Fertilizers/Pesticides Manufacturers
Monsanto Company (NYSE: MON): +68.82 percent since 2011. Syngenta AG (ADR) (NYSE: SYT): +56.26 percent since 2011. Mosaic Co (NYSE: MOS): -63.1 percent since 2011. Potash Corporation of Saskatchewan (USA) (NYSE: POT): -67.8 percent since 2011. CF Industries Holdings, Inc. (NYSE: CF): +5.04 percent since 2011. Agrium Inc. (USA) (NYSE: AGU): +1.10 percent since 2011.
Best Blue Chip Stocks To Buy For 2018: XTL Biopharmaceuticals Ltd.(XTLB)
- [By Lisa Levin]
X T L Biopharmaceuticals Ltd (ADR) (NASDAQ: XTLB) shares dropped 38 percent to $2.21 after the company reported a $2.5 million registered direct offering.
Best Blue Chip Stocks To Buy For 2018: Corcept Therapeutics Incorporated(CORT)
- [By Lee Jackson]
These companies also reported insider selling last week:Corcept Therapeutics Inc. (NASDAQ: CORT), Customers Bancorp Inc. (NYSE: CUBI), Ellie Mae Inc. (NYSE: ELLI), Fiserv Inc. (NASDAQ: FISV) and Ulta Beauty Inc. (NASDAQ: ULTA).