Asia stocks mostly fell in thin holiday trade on Monday after tech losses killed off the traditional year-end lift on Wall Street at the end of last week. The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday, with the S&P 500 and the Nasdaq both dropping more than one percent. Tech stocks led the way, with Elon Musk's electric car giant Tesla closing around five percent lower and AI chipmaker Nvidia shedding around two percent. Weighing on investor sentiment were worries about the pace of US interest rate cuts and possible higher import tariffs under incoming US president Donald Trump. "As US stock markets concluded with a downturn on Friday, Asia-Pacific markets are bracing for a slippery penultimate trading day of 2024," said Stephen Innes at SPI Asset Management. "With US (bond) yields climbing and liquidity essentially non-existent, there's always the potential for outsized moves. This comes during a critical phase of year-end rebalancing, intensified by hefty equity positions across portfolios," Innes said in a note. In Tokyo, the Nikkei was down 0.75 percent at 40,020.00 points on the last day of trading until January 6. The yen was little changed after hitting 158.08 against the dollar on Thursday, the lowest in almost six months. That came after Bank of Japan governor Kazuo Ueda failed to give a clear signal on a possible interest rate increase next month. In Seoul, Jeju Air shares tumbled more than eight percent after one of its planes crashed in South Korea on Sunday, killing all but two of the 181 people on board. South Korea's transport ministry said on Monday it was "reviewing plans to conduct a special inspection on (Boeing) B737-800 aircraft" after the crash. South Korea was also hit with further political turmoil, with authorities issuing an arrest warrant for suspended President Yoon Suk Yeol. Yoon briefly imposed martial law this month and was then impeachment by parliament. Lawmakers also impeached his acting successor Han Duck-soo last week. Chinese stocks also opened lower on Monday, with the benchmark Shanghai Composite Index down 0.09 percent at 3,397.12. China's purchasing managers' index (PMI) for manufacturing was due on Tuesday. The reading was expected to stay at 50.3, above the 50 line dividing expansion and contraction, according to Bloomberg. Tokyo - Nikkei 225: DOWN 0.75 percent at 40,020.00 points Hong Kong - Hang Seng Index: DOWN 0.40 percent at 20,001.00 Shanghai - Composite: DOWN 0.1 percent at 3,397.12 Euro/dollar: DOWN at $1.0423 from $1.0429 on Friday Pound/dollar: DOWN at $1.2577 from $1.2579 Dollar/yen: DOWN at 157.82 yen from 157.89 yen West Texas Intermediate: UP at $70.63 per barrel Brent North Sea Crude: UP at $74.23 per barrelNoneVancouver Canucks (12-7-3, in the Pacific Division) vs. Detroit Red Wings (10-11-2, in the Atlantic Division) Detroit; Sunday, 12:30 p.m. EST BOTTOM LINE: The Vancouver Canucks visit the Detroit Red Wings after the Canucks took down the Buffalo Sabres 4-3 in overtime. Detroit has gone 5-6-1 at home and 10-11-2 overall. The Red Wings have gone 3-3-2 in games they serve more penalty minutes than their opponents. Vancouver has a 12-7-3 record overall and a 9-2-0 record on the road. The Canucks have a +two scoring differential, with 71 total goals scored and 69 given up. Sunday’s game is the first time these teams square off this season. TOP PERFORMERS: Dylan Larkin has 12 goals and six assists for the Red Wings. Lucas Raymond has six goals and four assists over the past 10 games. Quinn Hughes has five goals and 20 assists for the Canucks. Elias Pettersson has scored five goals with eight assists over the last 10 games. LAST 10 GAMES: Red Wings: 4-5-1, averaging 2.5 goals, 4.3 assists, 2.9 penalties and 6.3 penalty minutes while giving up 2.9 goals per game. Canucks: 5-5-0, averaging 3.2 goals, 5.7 assists, 3.7 penalties and 9.1 penalty minutes while giving up 3.2 goals per game. INJURIES: Red Wings: None listed. Canucks: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
HBO And Cablevision Founder Charles Dolan Remembered As “Visionary” And “Fearless Entrepreneur”Columbus Blue Jackets (10-9-3, in the Metropolitan Division) vs. Chicago Blackhawks (8-13-2, in the Central Division) Chicago; Sunday, 3 p.m. EST BOTTOM LINE: The Chicago Blackhawks host the Columbus Blue Jackets after Ryan Donato's two-goal game against the Minnesota Wild in the Blackhawks' 3-2 loss. Chicago has an 8-13-2 record overall and a 4-5-0 record on its home ice. The Blackhawks have a -11 scoring differential, with 57 total goals scored and 68 conceded. Columbus has gone 2-6-2 on the road and 10-9-3 overall. The Blue Jackets have a 1-2-3 record in games decided by a goal. Sunday's game is the first meeting between these teams this season. TOP PERFORMERS: Connor Bedard has scored four goals with 13 assists for the Blackhawks. Tyler Bertuzzi has one goal and five assists over the past 10 games. Kirill Marchenko has nine goals and 14 assists for the Blue Jackets. Zachary Werenski has scored five goals and added 10 assists over the last 10 games. LAST 10 GAMES: Blackhawks: 3-6-1, averaging 2.1 goals, 3.1 assists, 2.7 penalties and 5.4 penalty minutes while giving up 2.2 goals per game. Blue Jackets: 5-4-1, averaging 3.7 goals, 6.1 assists, 4.3 penalties and 10.7 penalty minutes while giving up 3.5 goals per game. INJURIES: Blackhawks: None listed. Blue Jackets: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Intech Investment Management LLC reduced its holdings in shares of AutoNation, Inc. ( NYSE:AN – Free Report ) by 56.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,349 shares of the company’s stock after selling 5,531 shares during the period. Intech Investment Management LLC’s holdings in AutoNation were worth $778,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of AN. GAMMA Investing LLC boosted its holdings in AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 96 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AutoNation during the second quarter valued at approximately $37,000. Venturi Wealth Management LLC grew its holdings in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after purchasing an additional 226 shares during the last quarter. Quarry LP increased its stake in shares of AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after buying an additional 339 shares during the period. Finally, Mather Group LLC. bought a new stake in AutoNation during the 2nd quarter valued at $103,000. 94.62% of the stock is currently owned by institutional investors. Analyst Ratings Changes AN has been the topic of a number of analyst reports. Bank of America decreased their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Guggenheim reduced their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stephens began coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $199.29. AutoNation Trading Down 0.2 % NYSE AN opened at $178.89 on Friday. The stock’s 50 day moving average is $168.02 and its 200 day moving average is $168.80. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $7.09 billion, a PE ratio of 10.34, a P/E/G ratio of 3.76 and a beta of 1.21. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18. About AutoNation ( Free Report ) AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. Featured Articles Five stocks we like better than AutoNation Dividend Payout Ratio Calculator The Latest 13F Filings Are In: See Where Big Money Is Flowing What is the Australian Securities Exchange (ASX) 3 Penny Stocks Ready to Break Out in 2025 How Investors Can Find the Best Cheap Dividend Stocks FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter .Western Forest Products Inc. ( OTCMKTS:WFSTF – Get Free Report ) shot up 4.7% during trading on Friday . The stock traded as high as $0.28 and last traded at $0.28. 17,100 shares were traded during trading, a decline of 38% from the average session volume of 27,587 shares. The stock had previously closed at $0.27. Western Forest Products Stock Up 4.7 % The stock has a fifty day simple moving average of $0.32 and a two-hundred day simple moving average of $0.33. About Western Forest Products ( Get Free Report ) Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. Read More Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter .