Tale of the Tape
Good evening, y’all. The market of stocks was mixed on this fine Monday.
The Russell 2000 and Nasdaq finished positive while the S&P 500 and Dow both dropped.
Technology and consumer discretionary were the only sectors to close higher. Energy sank 3.5% while financials, materials, and industrials all fell more than 1%.
Covid cases climb as US Covid deaths surpass 300,000. Are we heading for another lockdown?? Time will tell.
Biotech broke higher. iShares Nasdaq Biotechnology ETF $IBB bounced 2.3% and closed at an all-time high.
Last week’s unicorns struggled to stay above water. Airbnb and DoorDash both closed below their day-1 low. $ABNB fell 6.6%, $DASH dropped 8.57%. Looking back at Snowflake’s IPO, $SNOW sucked and couldn’t close above its day-1 high for ~2 months. Will $DASH and $SNOW follow suit?
Domo dashed 20% and closed at new all-time highs. Last week, the company announced its help with a website launch for the Pandemic Response Accountability Committee. Read the press release here.
Bitcoin continues to bounce under all-time highs. Is the cryptocurrency getting ready to crack 20K? Place your bets…
Here are the closing prints:
What The Zoox is This?
Today, the recent Amazon acquisition ‘Zoox’ announced an electric “carriage style” robotaxi. What?!
The vehicle features four face-to-face seats, more than 100 proprietary safety innovations, a max speed of 75 mph, 16-hour battery life, and. . . no steering wheel. Zoox is Built for Riders, Not Drivers. 😉
Here’s Zoox with more.
Pfizer Vaccine Roll-Out
Today, COVID-19 immunizations officially began in the US!! 🙏 Almost 3 million doses are available after Pfizer spent Sunday packing and distributing its vaccines.
By the end of the month, an estimated 25 million doses should be distributed. Nurses and healthcare workers will be vaccinated first, followed by nursing home residents and then the general public.
Currently, the general public is expected to be vaccinated by late spring or summer.
Is the end of the pandemic near? Only time will tell, but our first US healthcare worker was vaccinated this morning. 🥳
Read more about the vaccine roll-out here.
Are you enjoying the greatest bull run of all time? Do you think this rocket ship is going to the moon? Boy, do we have the merch for you.
Order now for yourself, your bullish friends and any bears you think can take a joke.
EA Acquires Codemasters
Today, Electronic Arts ($EA) unveiled its acquisition of the UK-based video game developer, Codemasters.
Codemasters shareholders will earn $7.98 USD for each share sold to EA. With Codemasters’ estimated valuation of $2.1B USD, this partnership’s a W. 🏎️🔥🏆
The deal combines the international companies’ racing-game expertise. EA CEO Andrew Wilson commented:
Our industry is growing, the racing category is growing, and together we will be positioned to lead in a new era of racing entertainment. We have admired Codemasters’ creative talent and high-quality games for many years. With the full leverage of EA’s technology, platform expertise, and global reach, this combination will allow us to grow our existing franchises and deliver more industry-defining racing experiences to a global fan base.
EA’s acquisition is expected to close in Q1 2021. Read more about it here.
NBCUniversal now plans to charge Peacock subscribers additional monthly fees to watch “The Office.”
Apparently, the first two seasons will be free. But to watch the other seven seasons, viewers will have to purchase Peacock Premium— that’s $4.99/mo, or $9.99/mo for ad-free.
The move intends to boost NBCUniversal’s streaming sales.
Here’s Bloomberg with the details.
Earnings This Week
Be sure to know when your stocks report earnings. Here’s the earnings calendar.
Links That Don’t Suck
📈 Adena Friedman, CEO of Nasdaq, on the Red-Hot Market and Critics of Her Diversity Plan
🚗 Ferrari CEO Search May Take Months, Cover Non-Car Candidates
🐶 Video Shows Dog Actually Eating Kid’s Homework
🌊 Lego Version of Hokusai’s Iconic The Great Wave off Kanagawa
🇺🇸 A Pistachio Tycoon Picks a Fight With The U.S. Navy
💼 Exxon Sets New Emissions Goals Following Investor Criticism