 | | |  | DOW 30,687.48 | +1.57% | | | | S&P 3,826.31 | +1.39% | | | | NASDAQ 13,612.78 | +1.56% | | | | | *As of market close | | | • | Stocks surged higher on Tuesday, amidst a backdrop of strong corporate earnings. | | | • | Oil rallied 2.4 percent, closing at $54.85 per barrel. | | | • | Gold declined 1.5 percent, hitting $1,836 per ounce. Silver dropped 9.6 percent to $26.59. | | | • | Cryptocurrencies rallied, with Bitcoin last trading at $35,635. | | | | | | |
| | | This Player in a Major Digital Trend Just Attracted the Biggest Name in Tech | | | | There are many ways to play the growing digitization of the economy. Traders are familiar with software companies, which can make money selling once or via monthly subscription models. Or hardware firms that create the tools needed to access it in the first place.
But other trends in the digital age are out there. Ark Investments, one of the top tech investment funds, has been around for years. Its performance last year, however, has led to many close followers.
» FULL STORY | | | | |
| | Insider Trading Report: Crown Castle International (CCI) | | | | Kevin Stephens, a director at Crown Castle International (CCI) recently picked up 2,000 shares. The buy increased his stake by nearly 96 percent, and came to a total cost of $328,000.
This is the first insider buy of 2021. Insiders were both buyers and sellers in 2020, with directors picking up shares as C-suite executives generally being sellers at the firm. Overall, in the past few years, insider sales have exceeded insider buys.
» FULL STORY | | | | |
| | Unusual Options Activity: Cloudera (CLDR) | | | | Enterprise data cloud platform firm Cloudera (CLDR) has seen shares rally nearly 70 percent since early November. At least one trader sees shares continuing to head higher.
That's based on the August 2021 $17.50 call option. Over 16,400 contracts traded against a prior open interest of 143, for a 144-fold rise in volume. The call option is at-the-money, given the current price of $17.43. The trader paid $3.88 for the trade on average.
» FULL STORY | | | | |
| | • | Pfizer Reports Solid Earnings on Covid Vaccine Rollout
Pfizer (PFE) expects to earn $15 billion in 2021 from its Covid vaccine, up from $154 million in the final quarter of 2021. That's based on existing contracts, and new contracts could increase the number still further. The company reported that it has shipped 65 million doses of the vaccine so far. | | | | • | Exxon Shares Rally on Report Dividend is Safe
Energy giant ExxonMobil (XOM) reported poor earnings—its first annual loss in over a decade. However, with energy prices on the rise, the company is looking to maintain its now-high dividend. The company also appointed an independent director to the board, making the likelihood of faster change at the firm likely in the years ahead. | | | | • | Dating App Bumble Nears an IPO
Relationship app Bumble is looking to raise $1 billion in an initial public offering, according to filed documents. The company joins the deluge of firms going public in the past year, including Airbnb and DoorDash, among others. Later filings before the IPO will give prospective investors a sense of whether or not there's good money playing matchmaker. | | | | • | Mark Cuban: Retail Traders Won't Go Away
Appearing on the Wall Street Bets subreddit doing an AMA (ask me anything), the Shark Tank member and billionaire had some choice wisdom to share with the crowd holding shares of GameStop, even as shares are now down nearly two-thirds from their highs last week. | | | | • | Superbowl Sunday Reveals the Challenges Facing the Hotel Industry
Hotel rates in Tampa are about 75 percent lower than a year ago, even as the city is set to host the Superbowl this weekend. Typically, hotels are able to charge a premium, but demand looks lower than usual. The Raymond James Stadium, where the event is being held, has a capacity of 66,000, but is limited to just 24,700 attendees. | | |
| | | | TOP | | | WDAY | 8.902% | | | | WAT | 8.37% | | | | EXPE | 6.936% | | | | LVS | 6.297% | | | | LB | 5.375% | | | | BOTTOM | | | MAC | 12.134% | | | | M | 6.866% | | | | VRTX | 6.23% | | | | DVA | 6.035% | | | | DISCA | 4.843% | | | | |
| | |  | | Hotel rates in Tampa are about 75 percent lower than a year ago, even as the city is set to host the Superbowl this weekend. Typically, hotels are able to charge a premium, but demand looks lower than usual. The Raymond James Stadium, where the event is being held, has a capacity of 66,000, but is limited to just 24,700 attendees. | | - Lauren Goodwin, economist and portfolio strategist at New York Life Investments, on why retail investors are likely going to continue to have a major impact on individual stocks in the years ahead. | |
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