{"id":132707,"date":"2019-12-16T22:35:22","date_gmt":"2019-12-16T22:35:22","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=132707"},"modified":"2019-12-17T12:25:14","modified_gmt":"2019-12-17T12:25:14","slug":"new-york-markets-hit-record-highs-cineplex-sold","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/new-york-markets-hit-record-highs-cineplex-sold\/","title":{"rendered":"New York markets hit record highs, Cineplex sold"},"content":{"rendered":"

Christmas is a week away, but Monday felt like Santa had arrived. Markets across the board–across the world<\/em>–were sharply up, following Friday’s news of a phase one trade agreement between China and the United States and upbeat economic news from China<\/a>. The Dow surpassed its November high, while the S&P and Nasdaq made new record closes. The latter rose nearly a full percentage point on Monday.<\/p>\n

Stocks like Tesla<\/a> drove (pardon the pun) gains, spiking 6.45% to $381.50, just shy of its all-time high reached back in September 2017. Analysts at Oppenheimer<\/a> said that \u201cexpectations for a relatively smooth ramp\u201d for Tesla’s Shanghai factory are increasing, noting photos of Tesla vehicles produced at its in-progress Chinese factory.<\/p>\n

Here in Canada, the TSX enjoyed a good Monday as well, surpassing 17,000 though falling short of breaking its record. The biggest news in Toronto was the surprise announcement that UK’s Cineworld (CINE-L) was buying Cineplex <\/a>for $2.8 billion, including debt. Shareholders will receive $34 per share, which is a 42% premium from Friday’s close. Traded in London, Cineworld rallied 2.47% on Monday. The British stock pays an 8.11% dividend and trades at a PE of 10.61x. Cineplex<\/a> itself jumped nearly $10. The deal is likely to be approved and would make Cineworld the biggest cinema chain in North America.<\/p>\n

🚗 Tesla Motors Inc<\/a> +6.45%
\n🎞 Cineworld Group PLC<\/a> +2.47%
\n🎞 Cineplex Inc<\/a> +41%<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Christmas is a week away, but Monday felt like Santa had arrived. Markets across the board–across the world–were sharply up, following Friday’s news of a phase one trade agreement between China and the United States and upbeat economic news from […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[442,126,443,318,375,444,382,445],"class_list":["post-132707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-autos","tag-china","tag-cinemas","tag-e-cars","tag-movies","tag-rally","tag-trade-deal","tag-world-trade"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/132707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=132707"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/132707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=132707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=132707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=132707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}