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Wall Street Brunch: Will Santa Come To Wall Street?
Seeking Alpha· 2025-12-21 17:17
Market Overview - The Santa Claus Rally, historically positive for the stock market, is expected to begin this week, with the S&P 500 having risen 77% of the time during this period [3][4] - Despite two consecutive down years, there has never been a third straight down Santa Rally, indicating potential for market recovery [4] Economic Indicators - The Q3 GDP report is anticipated, with Wells Fargo projecting an annualized growth of 3.6%, driven by a reduction in imports and a strong consumer rebound in the second half of the year, although construction remains a negative factor [4] Company News - Bill Ackman proposed a unique approach for SpaceX to go public through a merger with Pershing Square SPARC, which would offer special investment rights to Tesla shareholders, allowing them first access to a SpaceX IPO or the option to sell those rights [4] - Broadcom (AVGO) and Vistra Energy (VST) are set to go ex-dividend on Monday, with payouts scheduled for New Year's Eve [4] - Altria (MO) and Philip Morris (PM) will go ex-dividend on Friday, with Altria's payout date on January 9 and Philip Morris on January 14 [4] Investment Insights - Alexander Guiliano, CIO at Resonate Wealth Partners, notes that despite recent market volatility, the overall backdrop remains strong, and the recent valuation pullback presents opportunities for under-invested bulls [4] - JPMorgan has identified 11 standout tech stocks for 2026, including Arista (ANET), Guidewire (GWRE), Broadcom (AVGO), Salesforce (CRM), and LendingClub (LC) [4]