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Market News

Location American Market News for 27 January 2021

GameStop Is a Bubble in Its Purest Form

Wall Street Journal - 27 Jan 2021 16:04
It is tempting to see GameStop as merely clownish behavior in a chat room having some amusing effects on a stock few care about. That would be a mistake, writes James Mackintosh.
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Is Vaxart Stock A Buy Ahead Of Phase 1 Data Readout? Biotech company Vaxart's stock has rallied by about 40% over the last 5 trading days, with a bulk of the gains coming on Monday. The stock is also up by about 76% since the beginning of 2021, compared to the S&P 500 whic...
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Here's Why Littelfuse Stock Could Drop to $200 Littelfuse stock is up around 45% since the beginning of 2020, and at the current price of $279 per share, we believe that Littelfuse stock has significant potential downside. Why is that? Our belief stems from the fact ...
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The Hedge Fund Genius Who Started GameStop's 4,800% Rally Now Calls It The "Big Short" investor who started GameStop's epic 4,800% rally now says the current short squeeze is "unnatural, insane and dangerous."
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Purchase is the latest in a slew of deals between financial firms and life insurance businesses.
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His 2020 pay was slashed by 36%, punishment for the bank's admission last year that it broke U.S. laws in its dealings with an investment fund.
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Fed Needs a Poker Face to Avoid Taper Tell

Wall Street Journal - 27 Jan 2021 23:53
Federal Reserve faces a challenge in how it will eventually communicate an exit strategy with the market.
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Wild Wednesday For Wall Street: Sharp Losses Amid Vaccine Concerns, Cautious Fed A combination of profit taking, concerns about a cautious Fed stance, and worries about vaccine logistics all ganged up on the market today. Key technical support near 3750 for the S&P 500 (SPX) got broken, and it will b...
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Levi Strauss & Co. reported holiday-quarter earnings and sales that topped analysts' expectations.
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Top Stocks To Short Today As Nasdaq Plummets Amid Mixed Earnings We're in the midst of prime earnings season. While many companies reported strong earnings such as Microsoft, U.S. stocks fell sharply due to disappointing earnings from Boeing and Starbucks. Amidst all this news, our AI...
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The company started the quarter racking up ad revenue from U.S. politicians eager for votes in the lead up to the 2020 U.S. election.
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Not Just GameStop: Here Are The Meme Stocks WallStreetBets Traders Are Pumping Up During This 'Extremely Erratic' Reddit Rally "These small and unsophisticated investors are probably going to get hurt by this," one state securities regulator has warned, as some stocks begin to reverse gains.
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Analysts are expecting a blow-out quarter driven not just by the first full quarter of 5G iPhone sales, but also strong performance in online services as well.
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Top Stocks To Buy Today As Mixed Earnings Send Markets Downward Mixed earnings, intensifying speculative behavior among retail investors, and anticipation of the Fed's policy announcement, put stocks firmly in the red today. For investors looking to make the most of this market, our ...
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Internet-fueled amateurs are gathering on platforms like Reddit, Discord, Facebook and Twitter, encouraging each other to pile into stocks, bragging about their gains and, at times, intentionally banding together to inte...
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Biden's Energy Orders: Peril and Profit

Wall Street Journal - 27 Jan 2021 20:15
A flurry of executive orders from the Biden administration has resulted in a wider selloff in the energy industry. If anything, now is the time to pick carefully.
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Clorox Breaks Above 200-Day Moving Average

Forbes - 27 Jan 2021 15:02
Clorox Breaks Above 200-Day Moving Average In trading on Monday, shares of Clorox crossed above their 200 day moving average of $209.74, changing hands as high as $214.95 per share.
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Outages Continue to Plague Online Brokerages

Wall Street Journal - 27 Jan 2021 19:33
Schwab, Vanguard, Fidelity and others reported new service disruptions. TD Ameritrade blocked some trades on GameStop and AMC.
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Boeing Isn't Done Stalling Just Yet

Wall Street Journal - 27 Jan 2021 18:46
Quality issues with the 787 and the delay of the 777X until 2023 highlight all the fixes the plane maker needs to make.
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Notable Two Hundred Day Moving Average Cross - Mastercard In trading on Wednesday, shares of Mastercard crossed below their 200 day moving average of $317.55, changing hands as low as $314.63 per share. Mastercard shares are currently trading down about 3.2% on the day.
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Another Wild Reddit Rally As AMC Surges 300%, Online Brokers Crash, Shares Are Halted And Short-Sellers Cede Losses Meanwhile, GameStop is up another 100% Wednesday morning.
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GameStop Stock: In Battle Between Hedge Funds And Reddit Day Traders, Melvin Capital Closes Its Short The battle is on between Reddit day traders and giants of Wall Street while the SEC is watching on from the sidelines.
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