Market Report for Dec 02 2020
Nasdaq Composite +37.7% YTD
S&P 500 +13.4% YTD
Russell 2000 +10.1% YTD
Dow Jones Industrial Average +4.5% YTD
NYSE Vol: 1.1 bln (A)
Nasdaq Vol: 6.4 bln (A)
Portfolio % of Return:
FX & Comms: -5.6
That’s two consecutive days of heavy volume and the latter saw the S&P 500 and Nasdaq Composite close at fresh new highs. The Dow Jones Industrial Average and Russell 2000 also enjoyed a good day, following November which was the best month since 1987 for the Dow and best-ever month for small-caps.
SPCE is reaching levels that were seen way back in February of this year.
CRM has agreed to buy WORK. Each WORK share will be exchanged for $26.79 in cash and 0.0776 CRM shares. As of Tuesday’s close, CRM was $241.35.
241.35 x 0.0776 = $18.73
$18.73 + $26.79 = $45.52
So the deal for WORK investors will be slightly better than Tuesday’s closing price for WORK which was $43.84
This was one of our heaviest positions which we trimmed accordingly last week at $38 after the news of CRM.
Let’s go trade!