Optimism about Friday’s employment report, and the widespread belief that the Fed intends to raise interest rates in December for the first time in nearly a decade, were the primary drivers of Tuesday’s gains, said J.J. Kinahan, chief strategist at TD Ameritrade.
“There’s no reason to sell things. The numbers that are coming out seem pretty good. Testing the 2,100 level [on the S&P 500] seems to be in the cards—I wouldn’t be surprised if that happens today, or later this week,” Kinahan said.
The report is widely considered the last major piece of data that could influence the Fed’s decision about whether or not to lift rates.
Kroger Co (NYSE:KR) opened the session at $116.90, trading in a range of $116.59 – $117.90, and was at $117.29. The stock showed a negative performance of -2.72% in the recent trading session. The stock was trading on a volume of 16.11 million shares and the average volume of the stock remained 49.21 million shares. Kroger Co (NYSE:KR) will host a conference call with investors on Thursday, December 3, 2015 at 10:00 a.m. (ET) to discuss financial results for the third quarter 2015. The presentation will be broadcast online at ir.kroger.com. Click on “Quarterly Results” to access the event. An on-demand replay of the webcast will be available from approximately 1 p.m. (ET) Thursday, December 3 through Thursday, December 17, 2015. Kroger, one of the world’s largest retailers, employs nearly 400,000 associates who serve customers in 2,623 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s.
The Coca-Cola Co (NYSE:KO) was trading lower -0.37% to $917.618.So far, around 13.83 million shares have changed hands in this session. After opening at $17.63, the stock hit as high as $17.90. However, it traded between $14.60 and $18.48 over the last twelve months. The Coca-Cola Co (NYSE:KO) on November 18, 2015, is making spirits even brighter with the introduction of new holiday-themed “Share a Coke” offerings. Whether it’s surprising a friend with an ice-cold “Someone Nice” bottle or sharing a special moment “Under the Mistletoe,” Coca-Cola is giving people even more ways to “Make Someone Happy” this holiday season. For a limited time, Coca-Cola will swap out its iconic logo on glass bottles, multi-packs, 12-ounce cans, 20-ounce bottles, 1.25-liter and 2-liter PET bottles for seasonal names such as “Santa,” “Someone Nice,” “Someone Naughty,” “Under the Mistletoe,” “Elves” and “Secret Santa.” Aluminum bottles of Coca-Cola will feature reindeer names such as “Dasher & Dancer,” “Prancer & Vixen” and “Comet & Cupid.”
Sirius XM Holdings Inc. (NASDAQ:SIRI) reported 7.75 million shares have been exchanged so far while the average volume is about 10.46 million shares. The stock escalated -5.95% and most recently was trading at $0.579. The beta of the stock is recorded at 3.46. The shares outstanding of the stock are 3.53 billion. Sirius XM Holdings Inc. (NASDAQ:SIRI) declared recently that David Frear, Senior Executive Vice President and Chief Financial Officer, is expected to present at the Bank of America Merrill Lynch 2015 Leveraged Finance Conference on Wednesday, December 2, 2015 at approximately 3:20 pm ET. An audio webcast of the presentation will be available via the Investor Relations section of the company’s website, www.siriusxm.com.