What You Need To Know
Market Update
US futures are up despite Trump calling the bill unsuitable and calling for $2,000 in stimulus payments. Pfizer reached a deal with the US to produce another 100million vaccines for the US.
International Markets
European stocks are trading higher amid hope for a Brexit trade deal. Asian markets are also trading higher today.
Commodities
Gold and silver are relatively flat today and don’t seem to be testing any sort of resistance for a few days. Oil is flat after US oil inventories rose by 2.7 million barrels vs expectations of decreasing inventories by 3.2 million barrels.
Crypto
Bitcoin is currently at $23,860. After consolidating the last couple of days bitcoin looks ready for another run.
Interesting News
Elon Musk said he tried to meet with Tim Cook to see if Apple wanted to buy Tesla, but Cook refused to take the meeting. Peloton’s acquisition of Precor is a step towards vertical integration which can make Peloton more valuable as they will control the process of producing their bikes and treadmills. This hopefully would allow them to speedup the production of their products and and allow for faster deliveries and shorter wait times.
Biggest After Market Movers
FuboTV (FUBO) is down 9% after its amazing run from $26 to $62 in a five-day stretch. Cloudera (CLDR) is up 4% after agreeing to a $500million loan which will be used for corporate purposes such as stock buybacks. Orasue Technologies (OSUR) is up 7% after their saliva based COIVD-19 tests were approved by the FDA. Supernus Pharmaceuticals (SUPN) is up 15% after announcing positive phase 3 trial results for their ADHD drug.
Chart of the Day
Amazon (AMZN) finally looks ready for the breakout. After being burned by Amazon options best way to play may be common stock.
