Weekend headlines in news outlets like the New York Times and the Huffington Post indicated that gaming giant Las Vegas Sands (LVS, quote) had admitted to graft in its most recent 10-k disclosure. The gambling firm has fired back, denying the allegations. This begs the question: should traders and investors treat this development?
Our analysis now suggests that we are on the verge of a powerful “Santa Claus” Rally in US Equities
which holds the potential to carry the benchmark S&P 500 to 1,425 (+5%) by year end.
BP (quote) is selling to mother Russia. Now there is a bigger global major oil company in state-owned Rosneft (RNFTF, quote) with major ties to Exxon Mobil (XOM, quote) via arctic circle joint ventures, and BP – two of the standard bearers in global oil/gas. This is ultimately a $55 billion deal, making it the third biggest deal in all history.