Here Are Tuesday's Top Wall Street Analyst Research Calls: AMETEK, Coty, Janus Henderson, Levi Strauss, Pool Corporation, Southern Copper, and More

"The futures are trading flat after a solid start to the shortened Christmas holiday week. All of the major indices finished the day higher, but with the big event just 48 hours away, you can bet the trading volume will fall off a cliff. Wednesday will be a day for the junior traders and interns, as many Wall Street pros will be on vacation through the end of the year."

"Yields were slightly higher across the curve, and the best explanation is likely year-end profit taking. Investors may want to keep an eye on the 30-year bond, which closed at a yield of 4.85%. Should it trade to a 5% yield, there may be a trading opportunity in governement zero-coupon bonds, which are the most sensitive to interest rate changes because they have the highest duration and convexity for a given maturity, as their entire cash flow (principal repayment) occurs at maturity."

"Prices were higher across most of the energy complex on Monday, as the song remains the same: the blockade of Venezuelan oil tankers, the concerns over Russian supply, and a degree of short covering were likely responsible for a nice move higher in the major oil benchmarks. Brent Crude finished the day at $62.05, up 2.61%, while West Texas Intermediate was last seen at $57.99, up 2.60%. The only loser on the day was natural gas, which closed at $3.97, down 0.38%."

Futures traded flat after a strong start to the shortened Christmas holiday week. Major indices finished higher: Russell 2000 +1.34% at 2,563, Nasdaq +0.47% at 23,415, S&P 500 +0.54% at 6,871, and Dow +0.42% at 48,342. Trading volume is expected to drop as many Wall Street professionals take vacation, leaving light activity Tuesday and Wednesday. Treasury yields edged up, with the 30-year at 4.85% and the 10-year at 4.17%; a 5% 30-year could create opportunities in government zero-coupon bonds due to high duration and convexity. Oil benchmarks rose (Brent $62.05, WTI $57.99) while natural gas fell to $3.97. Gold and silver continued toward new highs.

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