Short Squeeze | January 27

by Luna Fuller
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Good Evening!

The DJIA fell 2.05%
The S&P 500 was down 2.61%
The Nasdaq Composite slipped 2.50%

Energy led the market, as Industrials slipped.

General Market Review


Boeing reported lower-than-expected earnings of $-15.25 compared to expectations of $-1.60. They beat revenue estimates, yet the stock is down about 4%. The earnings miss is largely due to the grounding of 737 Max jets and delaying the 777-X program.


Microsoft beat analyst estimates in their quarterly report, reporting earnings of $2.04. Microsoft was up .25%. Investor attention was on the short squeeze. GME was up 134% and AMC gained 301% today. This speculative behavior worries investors on whether it is a sign the market is overvalued.


Oil prices increased today due to a large fall on US crude oil stockpiles. This fall was caused by a sharp decrease in imports and 2.3-million-barrel drawdown in stocks in Oklahoma. Valero Energy added 1% and ExxonMobil slipped 1%.

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