Morning Poppers (New Year, Same Shit Edition)

Cryptos gapping higher. Stocks are poised to break the fuck out. Degeneracy is at its highest point ever. Grown men are discussing marijuana stock ideas. And the President of the United States enjoys to dick around on Twitter all day long, threatening others with nuclear war.

You get what you get and you don’t complain about it when you find out you don’t like it at all. As traders, we deal with the news flow without emotions — check your egos at the door or your money — because you can’t have both. We are the culmination of generations of spoiled brats marooned on a continent, afforded with grandeur, safety, and stability. We suckled from the great whore and then we suckled some more. Alas, we are now a robotically inclined species bereft of dignity and honor, meandering from one sniveling hole to the next — complaining about injustices that a previous generation would’ve laughed at. But we have great stocked markets and even better mansions.

Enjoy it while it isn’t burning down.

WTI is nearing $61. This will be the best trade of 2018, in my opinion. Start buying oil stocks in earnest.

Nasdaq futures are +5 and I fully expect the rally to continue. This being a new year and all, I made a commitment to not share my Quant ideas with non-members of Exodus. But just know, they are mega-cap and conventional picks, concentrated ideas. My algorithms are suggesting we enjoy more of the same meal that we had during all of 2017. I’m inclined to believe this is a sound strategy. No point in trying to fix what isn’t broken.

Here’s some other news for your perusal.

Lazard upgraded to Buy from Neutral at Nomura
HCA downgraded to Neutral from Overweight at Piper Jaffray
E*TRADE upgraded to Overweight from Equal-Weight at Morgan Stanley
Expedia upgraded to Buy from Neutral at BofA/Merrill
Commercial Metals beats by $0.15, beats on revs
EOG Resources upgraded to Buy from Neutral at Citigroup
Dick’s Sporting Goods upgraded to Outperform from Market Perform at Wells Fargo
Apollo Global Management upgraded to Overweight from Equal-Weight at Morgan Stanley
Affiliated Managers downgraded to Neutral from Outperform at Credit Suisse
Ambarella upgraded to Outperform at Oppenheimer
Oracle upgraded to Overweight from Equal-Weight at Morgan Stanley