The Trump rally, as its being called, continued Tuesday as the major averages all finished higher. Buoyed by a rebound in oil patch (WTI Crude closed 5.8% higher at $45.85 a barrel) that lifted the sector almost 3%, the rally pushed the Dow Jones Industrial Average to another record high on Tuesday in its seventh straight session of gains.
But while the rally continued investors were glued on bigwig investors like Warren Buffett and Carl Icahn. The Oracle of Omaha, for instance, revealed stakes in three major U.S. airlines sending shares of American Airlines (AAL) , United Continental (UAL) and Delta (DAL) up substantially. Not to be outdone, Icahn, the famed corporate raider, disclosed he had cut stakes in several companies including Chesapeake Energy (CHK) and Transocean (RIG) , while also extending his tender offer for auto parts company Federal-Mogul (FDML) .
But while most investors were still focused on the election fallout and/or what their heroes (or anti-heroes) were buying and selling during the Trump rally, TheStreet and its affiliates were hard at work finding investible, interesting and exclusive content to help you mold your portfolio. Oh yeah, we also got to play some Super Mario today. Oh, the nostalgia. Nice job Nintendo!
Here are the highlights:
Disney (DIS) Faces Some Tough Choices, Whether or Not It Tries to Buy Netflix (NFLX)
While rumors of the entertainment giant acquiring Netflix should be taken with a grain of salt, Disney does face major challenges that might require a big move to resolve. Full story
Tweet of the Day:
CEO Pay Clawback Rules in Crosshairs as Republicans Urge SEC's White to Stand Down
Republicans clashed with Democrats over the future of Dodd-Frank, with conservatives charging that the outgoing SEC chief may be rushing to adopt rules before the Trump Administration takes over. Full story
Chart of the Day: Chevron (CVR) Poised to Rally
Don't miss this opportunity: Buy now or add to your existing longs. Full story
Trump's DC Hotel Shows Threat of Unprecedented Conflicts of Interest in the White House
The path Donald Trump is currently on would represent an unprecedented conflict of interest in the presidency. Full story
Video of the Day: Cypress Semiconductor CEO Sees More M&A Ahead For Chip Sector
Cypress Semiconductor's CEO Hassane El-Khoury says the company's restructuring plan is on track and says there is big opportunity in autonomous cars and the internet of things. Full story