December 27th, 2013 – Financial Buzz Presents, LIVE from the NYSE the Weekly Market Wrap

 December 23rd, 2013 – December 27th, 2013

Welcome to Financial Buzz Market Weekly LIVE, at the New York Stock Exchange, bringing you a review of this week’s stock market.

This was a holiday week and Santa gave the major indexes the gift of more record highs as mounting economic reports continue to cast a good light on the nation’s economy. The yield for ten year U.S. Treasury notes hit about 3%, continuing to climb steadily after last week’s Fed announcement of tapering.

Gold rallied slightly, however, it’s still on track for its largest annual loss in three decades. U.S. consumer spending had its largest increase in five months in November, with the Commerce Department reporting Monday that consumer spending rose .5%.

It’s the 7th straight month of increases. Personal income also rose .2% for November, a little lower than analysts’ expectations, however, better than October’s .1% decrease.  November orders for durable goods jumped 3.5%, blowing past analysts 1.5% estimate, pointing to growing manufacturing strength in the economy.

Home sales fell 2.1% to 464,000 units, yet they still exceeded economists’ expectations. Finally, jobless claims fell by 42,000 to 338,000 last week but these numbers were mostly ignored by the markets due to their extreme seasonal volatility.

Now let’s take a look at some stocks.

The Walt Disney Company (NYSE: DSI) announced earlier this week, on Monday, that Jack Dorsey, the current chairman and co-founder of Twitter (NYSE: TWTR) and CEO of Square Inc., was elected to be on Disney’s board of directors. Disney believes Dorsey brings perspective along with entrepreneurial skills in addition to his ability to utilize the latest technologies and platforms to help Disney increase their market share, and enhance relationships with their customers.

Twitter Inc. (NYSE: TWTR). made headlines this week again when the stock easily broke through a new 52-week high of $70.87 set on Christmas Eve. When the market began trading again on Thursday, it set another all-time high of $74.73. Twitter’s recent bullish runs have primarily been driven by future advertising revenue possibilities. The company’s revenue share of the total mobile advertising market is expected to increase to 4.1% by 2014 and 4.4% by 2015.

Facebook, Inc (NASDAQ: FB). has been one of the top performing stocks in December, reaching a new 52-week high of $58.58 on Christmas Eve, the stock’s second day of trading in the S&P 500. The company’s bullish trend is driven by increases in global mobile usage, as well as all the advertising revenue that is generated by mobile users.

And finally, Tesla Motors, Inc (NASDAQ: TSLA). announced earlier this week that their Model S has retained its 5-star safety rating from the National Highway Traffic Safety Administration, making the Model S the safest car on the road in America.  In addition, the company notes that a Tesla vehicle is over 5 times less likely to experience a fire than the average gasoline car.

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