The Market In 5 Minutes For December 27

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

Crude oil has spent Monday morning above trading $53, up from $52 on Thursday. The high for the year sits at $54.41. Gold meanwhile has rallied up to $1,144, and will look to rally from last week, where it traded at its lowest levels since February.

S&P Futures are trading at $2261, a mere $12 from all-time highs. This is historically one of the quietest weeks of the year on Wall Street, so expect a little less volume and a little more volatility. 

• The Case-Shiller home price index is due out at 9:00 a.m. ET.
• The Conference Board's (CB) survey of consumer confidence is set for release at 10:00 a.m. ET.
• The Federal Reserve Bank of Dallas manufacturing Index is due out at 10:00 a.m. ET.
• The Federal Reserve Bank of Richmond manufacturing Index is due out at 10:30 a.m. ET.

BZ Desk Focus

Qualcomm Incorporated QCOM disclosed that it has entered into a 3G and 4G Chinese Patent License agreement with Gionee Communication Equipment Co. Ltd. Qualcomm shares rose 0.15 percent to close at $66.86 on Friday.

Shares of Synergy Pharmaceuticals Inc SGYP jumped around 22 percent Friday after the company announced that its drug plecanatide, a daily pill to fight irritable bowel syndrome, had achieved positive top-line results from the second of two pivotal phase 3 clinical trials evaluating the efficacy and safety of the drug. Synergy Pharmaceuticals shares climbed 21.73 percent to close at $5.77 on Friday.

Sell-Side's Most Noteworthy Calls

Raymond James has downgraded Ritchie Bros. Auctioneers Inc (USA) RBA common stock to Market Perform

Loop Capital's Betsy Van Hees sees storage, networking, and connectivity as the 3 reasons why Marvell Technology Group Ltd. MRVL will return to top-Line growth. She reiterated her Buy rating and $18 price target. 

Deal Talk

Groupe Casino has offered to purchase all outstanding ordinary shares Of Cnova NV CNV for $5.50/Share in Cash

In The News

Walt Disney Co DIS's Rogue One: A Star Wars Story has surpased $500 million in global box office sales, just one week after its release. 

Tesla Motors Inc TSLA and Panasonic Corporation (ADR) PCRFY are set to begin manufacturing solar panels in Buffalo, New York. [Bloomberg] 

Blogosphere

A former investment banker reflects on his time on Wall Street. [Medium]

Trending

NUGT, CEMP, JNUG, JDUST, TESS, TSLA, ABX, CRM, CARA, NVDA, SGYP, HIMX  [Stocktwits]