BOSTON (TheStreet) -- A look at the return on equities this year and the potential for a continuation of the Santa Claus rally leads your quick fix of company, market, economic and investing news for Tuesday, Dec. 27.
Tuesday's 5 Biggest Stories
Despite the massive volatility and swings in stocks, the S&P 500 is set to have the smallest price change in more than four decades. [Bloomberg]
Santa may still be alive and kicking, at least in rally form. [MarketWatch]
Austerity happens: Italian retailers had the worst Christmas sales in a decade. [Bloomberg]China and Japan announce an agreement that adds renminbi-denominated debt to Japan's reserves. [FT] The SEC is using computers to analyze hedge fund performance to identify rogue firms. [WSJ]
Company NewsWhat Recovery, Part I: Sears Holdings (SHLD) will close 100 to 120 Sears and Kmart stores due to a drop in sales. [CNN Money] Google (GOOG) is angering its rivals by using its search power to promote its own online travel services. [WSJ] Did you get an iPad 2 for Christmas? Sucker. Apple (AAPL) is reportedly set to launch the iPad 3 for Steve Jobs' birthday in February. [Focus Taiwan]
MarketsObama is having a nice holiday. First, the House Republicans cave on the payroll tax cuts, and then he finds out this year saw the most demand for U.S. debt since 1995. [Bloomberg] What Recovery, Part II: Chinese stocks are at a 33-month low. [MarketWatch]
Investment Strategy10 favorite stocks set up nicely for 2012. [Leigh Drogen] Berkshire Hathaway (BRK.B) flashes a golden cross, and you can probably afford a share now! [Trade With Pete]
Odds and EndsHacker group Anonymous strikes again, this time attacking think tank Stratfor's Web site. [Reuters] $41 billion in gift cards have gone unspent from 2005 until now. [WSJ] I was gifted the complete The Smiths boxed set for Christmas. It's awesome. Here's one of my favorite songs by the band. [YouTube] -- Written by Robert Holmes in Boston.
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