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. BloombergSanta may still be alive and kicking, at least in rally form. MarketWatch Austerity happens: Italian retailers had the worst Christmas sales in a decade. BloombergChina 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
What Recovery, Part I: Sears Holdings ( SHLD) will close 100 to 120 Sears and Kmart stores due to a drop in sales. CNN MoneyGoogle ( 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
Obama 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
10 favorite stocks set up nicely for 2012. Leigh DrogenBerkshire Hathaway ( BRK.B) flashes a golden cross, and you can probably afford a share now! Trade With Pete
Odds and Ends
Hacker 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. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.