ECONOMIC SILUET: Watch these big REITs and retail investors' latest tech play in tomorrow’s trading

Kamis, 22 Desember 2022

Watch these big REITs and retail investors' latest tech play in tomorrow’s trading

THU, DEC 22, 2022

The goal of this newsletter is to get you ahead of the next day of investing and trading. It's your first look at tomorrow and last look at today powered by the team of people who direct CNBC TV's stock market coverage.

Tomorrow's Top CNBC Stories Tonight

Medical Properties Trust leaps on Thursday

This stock, which is a health-care real estate investment trust, jumped nearly 9% Thursday after its largest tenant completed a credit deal.
The stock has not done well this year: It's down 50%.
The dividend as of Thursday is almost 10%.
There was not a lot of other reaction from the health REITs, but CNBC may take more of a look at some of them Friday, including Ventas. Shares are down 11.5% in 2022, and the stock pays a 4% dividend.
Welltower is down 25% year to date and pays a 3.8% dividend.
Community Healthcare Trust is also down 25% in 2022 and pays a 5% dividend.
Healthpeak Properties is down about 31% year to date and pays a 4.8% dividend.
Brookdale Senior Living is down 47% in 2022.
CareTrust is down 17% year to date and pays a 5.9% dividend.

Tesla shares tank, but retail investors still love them

The stock fell 8.8% on Thursday.
Everyone knows it's getting crushed: Shares are down 16.5% in four days, down 35.6% in December and now off by 69% from the January high.
But retail traders are still buying: Tesla was the most popular stock among Fidelity's retail customers Thursday. In all, 71% of those retail traders and investors were buying, compared to 29% selling.
It also continues to be the stock with the most shares traded among retail investors, according to Nasdaq data. Sentiment, however, is more even between buyers and sellers.

Retail traders' tech plays, including a spicy leveraged offering

Retail traders were also bullish on a product based on the Nasdaq 100, according to Fidelity's data: the ProShares UltraPro QQQ (TQQQ), which tracks the QQQ but with triple leverage. This means it multiplies the daily performance of the QQQ by three times.
Of the retail traders that traded the TQQQ, 67% were buying, 33% were selling, Fidelity found.
Amazon and Apple were also among the most popular stocks bought and sold by retail traders Thursday. Despite big falls for both stocks, 81% of Fidelity customers trading Amazon were buying and 73% of customers trading Apple were on the long side.
CNBC's Steve Kovach looks at Big Tech's fall and prospects for 2023 Friday. Bob Pisani looks at the possibility of some sort of "Santa Claus rally" shaping up.

Chart technicians are downbeat on the S&P 500

Two major chartists were on CNBC after the bell, and neither had great predictions for the bulls.
Carter Worth of Worth Charting anticipates the S&P 500 will go below its Oct. 13 intraday low, which was 3,491. Worth has been right several times this year, and now he's calling on the S&P to go as low as 3,100. That would take us back to prices not seen since July 2020. Worth also said Apple is likely to break below the June low of $129. We are about $3 a share away from that.
Katie Stockton of Fairlead Strategies says the S&P may very well fall to 3,200. That's another 600 points lower on the index. She added that the market may be in a downturn until the CBOE Volatility Index – which is one measure of near-term market sentiment based on options activity – hits 48 or above. That is, before some sort of overall market capitulation is achieved. The VIX hit a high of 24 Thursday before dropping later to about 22.

Auto stocks hit a skid in Thursday's trading

GM was also hit hard Thursday, down 6.6%. It has lost 7.2% of its value this week.
Ford dropped 4%. It's down 6.6% this week.
Hyundai also fell about 4%. It's down nearly 2.3% this week.
This all comes after Carmax's weak quarterly results. The stock was down further early in the morning, but it wound up closing lower by 3.6%. Carmax is down 56% in 2022. Evercore ISI analyst Michael Montani said on Thursday that "CarMax is battling a used-vehicle recession."

A blue Christmas for restaurant stocks

Red Robin is down 29% in December.
Chipotle is down 13.5% in December.
Dine Brands is down 12% in December.
Domino's and Cheesecake Factory are down 9% in December.
Bloomin' Brands is down nearly 8% in December.
Darden and Jack in the Box are down 6% in December.
Pippa Stevens will explore the potential for artificial intelligence at the restaurant chains Friday on CNBC and report on the possibilities for increased profits.