TheStreet TV

The week heading into Christmas proved to be an early gift for the bulls, following the Fed's decision to taper back $10 billion of its $85 billion asset purchase plan. The S&P 500 is now on track to finish the year up nearly 27%, placing 2013 in the top 10 best annual returns since 1947. TheStreet's Jill Malandrino and Andrew Krill turn to the week ahead and reveal where the action may be. Even though there are only 3.5 trading sessions, there will be data to move the needle.

Red Hat decided to kick off the holidays by giving its shareholders a little gift today. The company reported its earnings and the stock jumped 13% as a result. Red Hat delivered third quarter earnings of 42 cents versus an expected 35 cents. Revenue came in at $397 million , much higher than the anticipated $383 million. Subscription revenue rose 17%. The company also guided higher for the fourth quarter with a range of 36 to 38 cents and consensus is only at 36 cents.

Chinese stock indices lead Asian markets lower amid concern about soaring money market rates that central bank action on Friday did little to address. Laura Board reports.

After a rough ride in 2013, Blackberry will report earnings Friday morning. Numbers are also coming before the open from Finish Line and Walgreen. And Jim Cramer went long on Red Hat, which paid off Thursday after the company posted a big earnings beat.

U.S. markets ended mixed on Thursday but gold prices closed at their lowest level in more than three years and oil prices climbed to their highest level since October. Meanwhile, Target shares took a hit on word the big box retailer suffered a data breach.

Stocks continue to shake off negative news, keeping the overall trend moving higher. Greywolf Equities Chief Market Strategist Mark Newton thinks stocks will keep moving higher through the first six months of 2014. Newton suggests any pullback is a buying opportunity and he doesn't expect to see any real correction until late 2014.

Facebook CEO and founder Mark Zuckerberg is selling 41.4 million shares of Facebook stock that are worth about $2.3 billion. He will use the money to pay a tax bill related to his exercising an option to buy 60 million Class B shares. The transaction is related to Facebook's secondary offering of 70 million Class A shares. The shares are going to be offered primarily to index funds now that Facebook will be a part of the S&P 500 as of the close of trading on December 20.

The U.K.'s AstraZeneca and Germany's Bayer spend up to a combined $7.2 billion shoring up their portfolios. Laura Board reports from London.

Darden Restaurants reports quarterly results before the bell Thursday. Nike and Carnival Cruise Lines are also set to report. TheStreet's Jim Cramer makes a taper play.

U.S. markets ended Wednesday's session higher after the Federal Reserve announced it would begin to taper its bond buying program. Moody¿s Analytics¿ Economist Ben Garber says the Fed¿s optimism about the U.S. economic picture could mean a cheerful start to 2014. Separately, Oracle shares moved higher in after-hours trading after it posted quarterly results which topped analyst forecasts. The networking giant beat estimates on both the top and bottom line in its latest quarter. TheStreet¿s Ruben Ramirez reports from New York.

Homebuilder Lennar beat its earnings estimates, but price increases hurt new sales. Belpointe Strategist David Nelson gives his outlook.

Tesco aims to strengthen ties with India's Tata Group, while Bumi is cleared to cut links with its Indonesian co-founders.

U.S. markets ended flat on Tuesday ahead of the Federal Reserve's decision on interest rates as AMC Entertainment is set to begin trading Wednesday and tech CEOs met with President Obama at the White House to talk NSA and surveillance.

The ZEW index of analyst and investors' economic expectations surges to a near-eight year high but eyes remain firmly focused on the Fed's policy meeting. The Deal's Laura Board reports from the London newsroom.

The e-commerce giant reportedly is making another play into a new revenue stream. Facebook also is reportedly unveiling a big new product for advertisers this week. And a pick from Jim Cramer. Jonathan Marino reports from the Nasdaq.