Stock Market Roundup, Dec. 8: BAC Remains Bullish, RH Tanks

The American markets capped off an incredible week with another day of gains on Friday. The DOW, Nasdaq, and S&P 500 once again toyed with all-time highs throughout the day. Casino stocks bounced back a bit after a rough Thursday, Bank of America earned our “Bull of the Day” recognition, and Restoration Hardware tanked on poor sales outlook.

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: Ocean Rig UDW Inc. (NASDAQ:ORIG) - +14.95%

Growth: Sajan, Inc. (NASDAQ:SAJA) - +15.27%

Momentum: SAJA

VGM: ORIG

Income: Embotelladora Andina S.A. AKO.B - +3.32%

Major Indexes

DOW: 19,742.37 / +127.56 / +0.65%

NASDAQ: 5,439.61 / +22.25 / +0.41%

S&P 500: 2,257.86 / +11.67 / +0.52%

Top Headlines

Bull of the Day: Bank Of America

Bank of America (NYSE:BAC) is on some kind of unbelievable run. The stock recently hit an eight-year high, shares are up 35% over the last month, and the company continued its impressive momentum with further gains ahead of the weekend.

Restoration Hardware Slides 15% on Mixed Q3 Results, Lowered Outlook

Restoration Hardware Holdings Inc. (NYSE:RH) released its third-quarter fiscal 2016 financial results after the bell on Thursday. Despite a double-beat, shares tanked as the company lowered its fourth-quarter guidance due to weak November sales.

Here's Why Casino Stocks Are Gaining Today

Shares of some of the largest casino brands with operations in Macau, including MGM Resorts (NYSE:MGM) , Las Vegas Sands (NYSE:LVS) , and Wynn Resorts (NASDAQ:WYNN) were up on Friday after the Chinese gambling hotspot limited daily ATM withdrawals by less that was originally reported.

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