Note: A holiday-shortened roundtable this week, recorded on Dec. 24.
Stocks closed higher going into the holidays thanks to late buying due in large part to the Brexit deal in Brussels. The week started with “risk-off” sentiment on concerns about a coronavirus mutation. There was some volatility around the stimulus drama, but ultimately not enough to dent bullish sentiment.
Winners & Losers
The British pound (NYSEARCA:FXB) rallied after news of the Brexit agreement reached markets. Shares of Lloyds Banking Group (NYSE:LYG), Melrose Industries (OTC:MLSPF), and Tesco (OTCQX:TSCDF) also gained on the news. The tech-heavy Nasdaq (COMP) outperformed the S&P 500 (NYSEARCA:SPY).
Shares of C3.ai (NYSE:AI) continued their ferocious rally since the IPO earlier this month, adding more than 10% this week. AIM Immunotech (NYSEMKT:AIM) gained about 15% this week after its Ampligen trial was green-lighted. SIFCO (NYSEMKT:SIF) shares rallied by more than 35% today after earnings results beat estimates.
Chinese internet companies sold off this morning on news of Chinese regulators launching anti-monopoly investigations into Alibaba (NYSE:BABA). Shares of JD.com (NASDAQ:JD), Pinduoduo (NASDAQ:PDD), and Baidu (NASDAQ:BIDU) were lower but JD and Baidu still had positive weeks.
What Caught Our Eye(s) This Week
Stephen: ARK ETF family pulls in ~$1B in fund flows Tuesday night;
Kim: Brexit negotiators finalize a deal; and Crude inventory draw less than consensus; Gasoline inventory unexpectedly falls;
Brad: Walmart a top pick at RBC Capital into 2021;
Nat: TIL the official Santa Claus rally refers to the last five trading sessions of December and the first two trading sessions of January.
About This Podcast
Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.
Hosted by Nathaniel E. Baker, Senior Editor, Strategic Contributors, and featuring:

Bradley Olesen, VP News;

Kim Khan, Senior News Editor;

Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.



AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading.
Learn more about your ad choices. Visit megaphone.fm/adchoices