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Stock Market Outlook for December 6, 2019


On average, US non-farm payrolls increase by 0.2% in November, which would imply the actual addition of approximately 306,000 jobs.

 

Real Time Economic Calendar provided by Investing.com.

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

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Chesswood Group Ltd. (TSE:CHW.TO) Seasonal Chart

Chesswood Group Ltd. (TSE:CHW.TO) Seasonal Chart

Nabors Industries, Inc. (NYSE:NBR) Seasonal Chart

Nabors Industries, Inc. (NYSE:NBR) Seasonal Chart

Prairie Provident Resources Inc. (TSE:PPR.TO) Seasonal Chart

Prairie Provident Resources Inc. (TSE:PPR.TO) Seasonal Chart

BCE, Inc. (TSE:BCE.TO) Seasonal Chart

BCE, Inc. (TSE:BCE.TO) Seasonal Chart

First Asset Canadian REIT ETF  (TSE:RIT.TO) Seasonal Chart

First Asset Canadian REIT ETF (TSE:RIT.TO) Seasonal Chart

Holly Energy Partners LP (NYSE:HEP) Seasonal Chart

Holly Energy Partners LP (NYSE:HEP) Seasonal Chart

A&W Revenue Royalties Income Fund (TSE:AW/UN.TO) Seasonal Chart

A&W Revenue Royalties Income Fund (TSE:AW/UN.TO) Seasonal Chart

Telephone and Data Systems, Inc. (NYSE:TDI) Seasonal Chart

Telephone and Data Systems, Inc. (NYSE:TDI) Seasonal Chart

Edwards Lifesciences Corp. (NYSE:EW) Seasonal Chart

Edwards Lifesciences Corp. (NYSE:EW) Seasonal Chart

Canadian Utilities Ltd. (TSE:CU.TO) Seasonal Chart

Canadian Utilities Ltd. (TSE:CU.TO) Seasonal Chart

AltaGas Income Ltd. (TSE:ALA.TO) Seasonal Chart

AltaGas Income Ltd. (TSE:ALA.TO) Seasonal Chart

Ensign Energy Services, Inc. (TSE:ESI.TO) Seasonal Chart

Ensign Energy Services, Inc. (TSE:ESI.TO) Seasonal Chart

Semafo, Inc. (TSE:SMF.TO) Seasonal Chart

Semafo, Inc. (TSE:SMF.TO) Seasonal Chart

Quebecor, Inc. (TSE:QBR/B.TO) Seasonal Chart

Quebecor, Inc. (TSE:QBR/B.TO) Seasonal Chart

Northland Power Inc. (TSE:NPI.TO) Seasonal Chart

Northland Power Inc. (TSE:NPI.TO) Seasonal Chart

Allscripts, Inc. (NASD:MDRX) Seasonal Chart

Allscripts, Inc. (NASD:MDRX) Seasonal Chart

Toyota Motor Corp. (NYSE:TM) Seasonal Chart

Toyota Motor Corp. (NYSE:TM) Seasonal Chart

Smart Real Estate Investment Trust (TSE:SRU/UN.TO) Seasonal Chart

Smart Real Estate Investment Trust (TSE:SRU/UN.TO) Seasonal Chart

Husky Energy, Inc. (TSE:HSE.TO) Seasonal Chart

Husky Energy, Inc. (TSE:HSE.TO) Seasonal Chart

 

 

The Markets

Stocks closed marginally higher on Thursday as investors continue to monitor the headlines for any developments pertaining to a trade deal between the US and China.  The S&P 500 Index added just over a tenth of a percent, holding close to the 20-day moving average, a logical level for investors to cling to during a period of short-term uncertainty.  The next catalyst on the docket for stocks is the non-farm payroll report for November, due to be released before Friday’s opening bell.  Analysts estimate that 180,000 jobs were added last month, which is certainly loftier than the 67,000 that ADP reported on Wednesday as being added in the month.  The rebound in payrolls is thought to be attributed to the return of laid-off GM workers and the ramp up in hiring activity for next year’s census.  On average, payrolls increase by 0.2% in November, before seasonal adjustments are applied.  Therefore, we’ll be looking for a non-seasonally adjusted increase of around 306,000, which, if achieved, would maintain the year-to-date change above the seasonal norm through the end of November.  We’ll break down the results for subscribers in our intraday distribution.  Signup now to be added to our list.

Total Nonfarm Seasonal Chart

Monthly Total Nonfarm Data

Sentiment on Thursday, as gauged by the put-call ratio, ended bearish at 1.08.

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Seasonal charts of companies reporting earnings today:

Big Lots, Inc. Seasonal Chart Johnson Outdoors Inc. Seasonal Chart Genesco Inc. Seasonal Chart

 

 

S&P 500 Index

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TSE Composite

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