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Stocks Slip On Unexpected Rise In Initial Jobless Claims

Plus, last month’s GameStop saga is under the spotlight in Congress today, Walmart reported mixed earnings, and bitcoin surged above $52,000 for the first time.

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Bitcoin Surged Past $48,000 This Morning – Here’s Why

Plus, pot stocks are falling, jobless claims came in worse than expected, and Kraft Heinz is selling its nuts businesses to Hormel for $3.35 billion.

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Uber & Walgreens Are Teaming Up To Make It Easier For Customers To Get Their COVID-19 Vaccines

Plus, House Democrats released the first round of draft text for part of the $1.9 trillion stimulus package, Eli Lilly shares are down after announcing the resignation of CFO Smiley, and Avaya shares are up after delivering an earnings beat.

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Bitcoin Surged Past $44K After Tesla Said It Invested $1.5 Billion In The Digital Coin

Plus, AstraZeneca is racing to adapt its COVID-19 vaccine after it was found that it offered little protection against the South African variant of the virus, Hyundai and Kia are down after the carmakers said they are not in talks with Apple to build an autonomous car, and Target shares are up after an upgrade.

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Johnson & Johnson Just Applied For Emergency Use Authorization For Its COVID-19 Vaccine

Plus, the Labor Department reported nonfarm payrolls rose by just 49,000 in January, GameStop shares are up after Robinhood removed trading restrictions on the stock, and Teradata shares are up more than 32% this morning.

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One Expert Warns There’s A Pullback Coming For The Market In The Near-Term

There could be a 10% correction on the horizon, but this strategist says investors shouldn’t worry too much and should be prepared to buy on any market weakness. Here’s why.

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Jobless Claims Fell To Their Lowest Level Since November Last Week

Plus, Dogecoin is surging this morning after a tweet from Elon Musk, 23andMe is going public through a SPAC backed by Richard Branson, and Clover Health shares are down following a critical report from Hindenburg Research.

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Amazon CEO Jeff Bezos Stepping Down From CEO Roll In Q3

Plus, ADP said private companies added 174,000 jobs in January, Vaxart shares are down on concerns over a lackluster immune response to its COVID-19 vaccine, and Capri Holdings delivered an earnings beat.

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GameStop Shares Sink As Squeeze Trade Loses Momentum

Plus, President Biden and congressional Democrats are moving forward with stimulus, Pfizer said it can deliver 200 million doses of its COVID-19 vaccine to the U.S. by May, and Uber is buying Drizly.

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Silver Surges 13% As The Metal Becomes Redditors’ Next Big Target

Plus, GameStop shares are down, Tesla got a price target boost, and Virgin Galactic shares skyrocket after the company announced it will soon redo its December test flight.

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STLD has retraced nearly -20% of its upward trend; is its value proposition as attractive as the technical set up?

Through just about the entire nine-month period in 2020 from a bear market low to the beginning of 2021, one of the best-performing sectors in the market has been the Materials sector. Over that time, the sector more than doubled in value, as measured by the S&P 500 Materials Sector SPDR (XLB). This is a […]

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GameStop Shares Fell Sharply After Brokers Restrict Trading

Plus, jobless claims rose less than expected, Apple reported blowout first quarter earnings, and GM said it is going all-electric by 2035.

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CSX is down -11% since the beginning of the year – is it a good time to buy?

It’s been interesting in the last week, with the inauguration of a new President to see how the market has shifted its focus. Considering the often mixed messaging that came from the Trump administration, it isn’t too surprising to think that a President that is expected to act more like – well, more like a […]

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Biden’s $1.9 Trillion Stimulus Proposal Is Already Facing Republican Opposition

Plus, Walmart is preparing to offer COVID-19 vaccinations in seven more states, IBM shares are down after the company reported mixed results, and Apple is reportedly planning a new MacBook Air laptop.

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Biden Set To Sign Flurry Executive Orders To Confront The Coronavirus

Plus, Eli Lilly’s antibody therapy was found to reduce nursing home residents’ risk of symptomatic COVID-19 by 80%, United Airlines reported an earnings miss, and bitcoin is continuing to fall lower.

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