Investors are in a festive mood | Wilnesh News

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

S&P and Nasdaq reach new highs
The US market is Mix on Monday. this S&P 500 Index and Nasdaq Index Climbing to new highs, but Dow Jones Industrial Average dropped. Asia-Pacific stocks were higher on Tuesday. Japanese Nikkei 225 Index Influenced by chip-related stocks (e.g. Tokyo Electronics and laser technologygetting rid of the impact of the new round of export restrictions in the United States.

Trump promises to stop United States Steel Corporation get
U.S. President-elect Trump vows to block Japanese steel company from acquiring U.S. steel company Nippon Steelon a Monday postal on his social platform Truth Social. The two companies struck a deal worth $14.9 billion in December. The Committee on Foreign Investment in the United States is reviewing the deal to ensure it does not pose national security risks.

$56 billion Musk plan rejected
Tesla Chief Executive Elon Musk failed to restore his $56 billion compensation package for 2018. A Delaware judge has upheld her previous ruling that a compensation plan was improperly awarded. Tesla shareholders voted to “approve” the plan in June. However, the judge wrote in her opinion, “Even if a shareholder vote could have a ratifying effect, it cannot do so here.”

(PRO) Goldman Sachs’ updated conviction list
Goldman Sachs Maintains a “Conviction Buy List” of stocks that are expected to outperform the S&P Index. The Wall Street bank just refreshed its list of global stocks, with three stocks offering potential upside of more than 40%.

Investors remain awash in positive sentiment, driving stocks to new highs, but some analysts worry the good mood is on thin foundations.

this S&P 500 Index 0.24% was added, and Nasdaq Indexpower ups Tesla’s up 3.5% super microcomputer A surge of 29%, up 0.97%. Both indexes closed at new highs. this Dow Jones Industrial Average Although it briefly exceeded 45,000 points during the day, it still fell 0.29%.

“The holidays are in full swing and sentiment appears to be positive, at least among investors.” UBS wrote in Monday’s note. In fact, 56.4% of consumers expect stock prices to rise over the next year, according to one survey poll Developed by The Conference Board. This is the highest level ever recorded.

Don’t get gloomy this holiday season, but analysts are seeing signs that optimism may be taking root in Wonderland.

InfraCap founder and CEO Jay Hatfield told CNBC that the stock market may have had an incredible rebound in November, but it may have been investors “pricing the upside of a new pro-business administration.”

Hatfield added that now investors “need to know the details – not just the tweets – but the details of the policy,” suggesting the rally could be temporarily paused.

Investment bank Oppenheimer also noted that stocks remain expensive. “Benchmarks point to forward price-to-earnings ratios above the five-year average,” chief investment strategist John Stoltzfus wrote on Monday.

UBS believes that investor enthusiasm “raises concerns about a bubble in the market.”

A bubble means things will settle down, which isn’t necessarily a bad thing in the long run.

However, Oppenheimer believes that the bull market is “driven by fundamentals” and will continue to move higher next year despite high valuations. Likewise, Savita Subramanian, head of U.S. equities and strategy at Bank of America, believes there are “strong reasons to stick with stocks over bonds for the long term.”

After all, a layer of foamed milk adds to the delicious flavor of the cappuccino without affecting the coffee underneath.

—CNBC’s Lisa Kailai Han, Alex Harring and Pia Singh contributed to this report.