Here are five things for Monday, January 25:
1. – Stock Futures Edge Higher Investors Evaluate Stimulus Talk
Stock futures were marginally up on Monday as expectations were high that the Biden White House would give another round of stimulus to the struggling US economy and investors were heavily prepared for a week with technical income.
Contracts related to the Dow Jones Industrial Average rose by 15 points, with 13 points in the S&P 500 futures and 126 points in the Nasdaq futures.
President Zoya Biden is pushing for a $ 1.9 trillion pandemic relief resolution to be passed and officials in her administration on Sunday tried to allay Republican concerns that the package was too expensive, Reuters reported.
Lawmakers on both sides agreed that it should be a priority for Americans to receive the Kovid-19 vaccine, Reuters reported, but some have been focused on a smaller plan targeting vaccine delivery.
For one, Republican Sen. Susan Collins said, “It seems premature to consider a package of this size and scope.” He considered that additional funding was needed for vaccine delivery, but in a “more limited” bill, Reuters reported.
Stocks ended on Friday mixed as a spike in coronovirus infection and a tight lockdown likely met expectations of greater economic support from the Biden administration. Nasdaq closed at 13,543, up 0.09%.
2. – This week’s calendar: Tech Income, Federal Reserve Meeting
Kimberly-clark ()KMB) – Get Report Will report Monday’s earnings with companies like Tesla ()TSLA) – Get Report, Apple ()AAPL) – Get Report, Microsoft ()Msft) – Get Report And facebook ()American Plan) – Get Report Reporting later this week.
Other heavyweights reporting this week include AT&T ()T) – Get Report, Johnson & Johnson ()JNJ) – Get Report, Advanced Micro Devices ()AMD) – Get Report, general Electric ()Ge) – Get Report, Lockheed Martin ()LMT) – Get Report, Boeing ()B. A) – Get Report, Starbucks ()SBUX) – Get Report, McDonald’s ()Municipal Corporation of Delhi) – Get Report, Chevron ()CVX) – Get Report, Caterpillars ()cat) – Get Report And elle lilly ()In college) – Get Report.
Apple and Tesla are among the top earners in Week Ahead
Apple, Microsoft, Facebook, Advanced Micro Devices, Starbucks and Boeing have stakes in Jim Cramer Action Alert Plus Member Club. Should Jim Cramer be cautious before buying or selling stocks? Learn more now
The US economic calendar is light on Monday but later in the week will see releases on consumer confidence, durable goods orders, jobless claims and GDP.
The Federal Reserve will meet on Tuesday and Wednesday with an announcement on the expected interest rates at the conclusion of the meeting. The central bank is not expected to move up on interest rates and has indicated that it will keep them near zero until 2023.
3. – House Speaker Nancy Pelosi Purchases Tesla Options
Speaking of Tesla, Speaker of the US House of Representatives Nancy Pelosi and her husband Paul, a businessman and private investor, have recently bought stock options in the electric vehicle company.
On December 22, Pelosi purchased 25 call options on Tesla with a strike price of $ 500 and an expiration date of March 18, 2022, according to a government filing. The transaction was valued at $ 500,001 to $ 1 million.
“Pelosi and her husband like to hold on to long-term option positions,” wrote DaveManuel.com, who previously reported on the transaction, noting that Tesla closed at $ 640.34 the day of the purchase, ” Meaning that the cost per contract was likely. A range of $ 300- $ 330 per contract, as Tesla’s options have a much higher external value (time and volatility). “
Telsa was added to the S&P 500 shortly before Pelosi’s purchase.
The stock will likely benefit the country’s “Blue Wave”, according to a recent note by Wesbush analyst Dan Ives.
“A Biden White House and Blue Senate has a very fast political background and is a potential ‘game changer’ for Tesla and the overall (electric vehicle) sector in the US, with a more green-driven agenda now definitely next. Card in Card In a few years, “Ives wrote, EV tax credits and other consumer incentives and” doubling up “on government initiatives could help Tesla and General Motors. ()GM) – Get Report, Rodents ()FSR) – Get Report And other names.
Tesla rose 1.67% to $ 860.80 in Monday trading. On Monday, Baird analysts raised their price target on Tesla from $ 488 a share to $ 728, noting that “the bias for the stock remains upward.”
4. – S Korean hedge fund ‘less bullish’ on Gametop
South Korean hedge fund, which should make a big bet on Gametop, requires asset management ()GME) – Get Report Bloomberg reported that the videogame retailer’s stock rose less than a year ago.
Kim Ass-Yong, CEO of Must Asset Management, said the stock’s high volatility and growth of more than 10 times since his last interview with Bloomberg in March 2020 prompted his less attractive view.
“We became less fast and became more neutral on the gametop,” Kim said in an interview with Bloomberg on Monday. “This stock will be very volatile and unpredictable in the short term.”
Seoul-based Must Asset Management had a 4.7% stake in GameStop as of April 2020, according to Bloomberg data, which makes the Korean fund one of the company’s largest investors.
Kim declined to comment for Bloomberg on Gameberg’s current holding of the fund, which rose more than 51% to a high of $ 65.01 on Friday. GameStop is a stock that has become a favorite of retail investors during the coronovirus epidemic, specifically mentioned by reddit-charged day traders, Bloomberg.
In Monday trading, the stock was up another 49.22% to reach $ 97.01. The stock has gained 245% year to date.
5. – Tom Brady to play in his 10th Super Bowl
Tom Brady is leading his 10th Super Bowl, and his first encounter with Tampa Bay, as the Buccaneers defeated the Green Bay Packers 31-26 on Sunday in the NFC Championship Game.
Brady has won six Super Bowl titles, all with the New England Patriots, the team he left last.
Tom Brady’s Bucks season somehow added a legacy that was in any room at the top
Brady’s Buccaneers on February 7 at Super Bowl L.V. Will play the role of Kansas City Chiefs. The Chiefs defeated the Buffalo Bills 38-24 at the AFC Championship.
The Super Bowl will be played at Raymond James Stadium in Tampa, Florida, meaning the Buccaneers will be the first team to play the Super Bowl at their home stadium.