Schaeffer's Top Stock Picks for '25

Stocks Sweep With Daily, Weekly Wins

Both oil and gold fell for the day, but locked in weekly wins

Managing Editor
Jan 17, 2025 at 4:26 PM
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Following a week of softer-than-expected inflation data and a slew of bank earnings that knocked the 10-year Treasury yield from its recent highs, all three major indexes logged healthy session wins -- both the Dow and Nasdaq seeing triple-digit pops. The blue chip index and S&P 500 enjoyed their best weekly performances since November, and the Nasdaq marked its best weekly jump since early December. Looking ahead, investors are preparing for another holiday-shortened week and the inauguration of President-elect Donald Trump.

Continue reading for more on today's market, including:

  • More on inflation's big market push.
  • Facility fire pressures Vistra stock.
  • Plus, cloud stocks climb on bull notes; Q4 results fell FAST; and a strategy for earnings season.

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5 Things to Know Today 

  1. Despite public pressure, the Supreme Court maintained its TikTok ban ruling, with the platform expected to go dark in the U.S. unless the President-elect interferes. (Bloomberg)
  2. The Securities and Exchange Commission (SEC) will fine retirement and asset manager Vanguard $100 million for charges regarding target date retirement funds. (CNBC)
  3. Two cloud names surging on bull notes.
  4. Fastenal stock felled on fourth-quarter results.
  5. Here's a good trading strategy for earnings season.

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Oil, Gold Log Comfortable Weekly Gains 

Oil prices settled lower on Friday amid energy policy uncertainty. February-dated West Texas Intermediate (WTI) crude fell 80 cents, or 1%, to settle at $77.88 per barrel. Black gold rose for a fourth consecutive week, however, charging 1.7% higher thanks to supply concerns.

Despite a recovering U.S. greenback sending the commodity lower for the session, gold still managed to grip to a weekly win. For the day, gold for the now most-active February delivery slid 0.1% to settle at $2,747.40 an ounce. On the week, gold futures rose 2.6%.

 
 

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