S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

Cadence Bancrop Lowered Offer for State Bank, Mindbody Agreed to LBO Deal
Dec 24, 8:51 AM EST 
Cadence Bancrop lowered offer price to acquire State Bank Financial Corp. China-based HNA Technology is reported to be in talks to sell Ingram Micro. Mindbody agreed to be acquired by Vista Equity Partners for $1.9 billion.
>>
Anglo American Lifts Production Outlook, Euronext to Buy Oslo Exchange
Dec 24, 12:42 PM EST 
Anglo American lifted fiscal 2019 production forecast in Brazil after winning the regulatory approval for production expansion. Euronext intends to acquire Oslo stock exchange. Playtech declined after new Italian tax on gambling may reduce its fiscal operating profit.
>>
STOCK MOVERS

U.S. Movers: Cadence Bancrop, Ingram Micro, Mindbody
Dec 24, 8:52 AM EST 
Cadence Bancrop lowered offer price to acquire State Bank Financial Corp. China-based HNA Technology is r...
>>
U.S. Movers: CarMax, Cintas, Ennis, Nike, Zynga
Dec 21, 12:05 PM EST 
CarMax beats earnings estimates. Cintas reported strong results and lifted revenues growth forecast. Enni...
>>
U.S. Movers: Actuant, BlackBerry, Carnival, Conagra, Scholastic, Walgreens
Dec 20, 12:07 PM EST 
Accenture declined despite outsourcing services provider lifted fiscal outlook. BlackBerry net swung to p...
>>
U.S. Movers: FedEx, General Mills, Jabil Circuit, Micron Technology, Paychex
Dec 19, 12:05 PM EST 
FedEx lowered fiscal outlook despite strong results. General Mills reaffirmed fiscal forecast. Jabil Circ...
>>
U.S. Movers: Darden, Navistar, Oracle, Red Hat, Steel Dynamics, Worthington
U.S. Movers: Boeing, Bristol-Myers Squibb, Jack In The Box, WellCare Health
U.S. Movers:Pivotal Software, Photronics, Progressive, Scholastic,Vera Bradley
U.S. Movers: Fred's, KalVista Pharma, Lee Enterprises, Vince Holding
U.S. Movers: Ascena Retail, American Water Works, Casey's General, DSW, Synnex
U.S. Movers: Adobe, Costco, Ciena, Danaher, First Solar, United Rentals
Mutual funds Q&A

Earnings Growth from a Valuation Perspective
HSBC Opportunity Fund
Rayman Bovell, John Montgomery
“We believe that paying a reasonable price for growth offers the best opportunity for outperformance over...

Mapping Out Midstream
Cohen & Steers MLP & Energy Opportunity Fund
Tyler Rosenlicht
“Cash flows in the midstream space tend to be derived from volume growth as opposed to changes in commodi...

Investing in Visible Change
Delaware International Small Cap Fund
Gabriel Wallach
“Our focus is on stocks that grow faster than the market and have a sustainable business model. Typically...
MANAGEMENT TALK Q&A

Quality, Cash Flow and Relative Value for Income
Brant Houston, Gary Pzegeo
“Clients and investors were searching for more income and we felt that income was going to be a key compo...

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...
HSBC Opportunity Fund
Rayman Bovell, John Montgomery
“We believe that paying a reasonable price for growth offers the best opportunity for outperformance over the long term.”
Cohen & Steers MLP & Energy Opportunity Fund
Tyler Rosenlicht
“Cash flows in the midstream space tend to be derived from volume growth as opposed to changes in commodity prices. Our core thesis is that the demand for the underlying pipelines will outpace new project development, leading to accelerating cash flow growth.”
Delaware International Small Cap Fund
Gabriel Wallach
“Our focus is on stocks that grow faster than the market and have a sustainable business model. Typically, these are companies that are introducing new factors to their business models, entering new markets, developing new products, have new management, new geographies, or are consolidating a particular sector.”
JAG Large Cap Growth Fund
Norman Conley
“We look for companies that exhibit superior growth characteristics, solid fundamentals, and compelling price appreciation potential. The result is a focused but diversified portfolio of stocks with strong fundamental and price momentum.”
Polen Growth Fund
Damon Ficklin
“We don’t try to generate returns through repeating the process of buying low and selling high. Instead, we identify the 20 business that we believe are the best, pay a fair price for them, own them over time and let the underlying earnings growth drive the returns.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
International Trade in Goods 2018-12-28 8:30 AM
Jobless Claims 2018-12-27 8:30 AM
New Home Sales 2018-12-27 10:00 AM
EIA Petroleum Status Report 2018-12-27 10:30 AM
Durable Goods Orders 2018-12-21 8:30 AM
Gross Domestic Product [GDP] 2018-12-21 8:30 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc