Thursday’s Headlines: Are We Getting A Stimulus Bill?

Thursday’s Headlines: Are We Getting A Stimulus Bill?

Here were the biggest movers in the MyWallSt shortlist yesterday:

Moving Up ⬆️

Shopify (SHOP) +7.7%

Lemonade (LMND) +6.1%

Peloton Interactive (PTON) +4.9%

Workday (WDAY) +4.7%

Coupa Software (COUP) +4.7%

Moving Down ⬇️

Teladoc (TDOC) -4.6%

Spotify (SPOT) -2.6%

Duluth Trading (DLTH) -2.4%

IMAX (IMAX) -2.2%

Tripadvisor (TRIP) -1.9%

1. An air of anticipation has fallen upon the stock market as Congress reportedly draws closer to a $900 billion coronavirus relief deal that would include direct payments to individuals, with an update expected later today. The Dow Jones (DIA), S&P 500 (VOO), and Nasdaq (QQQ) are all flat as investors await the terms of the deal, which could be big enough to help small businesses in the hardest-hit industries to survive until a full vaccine rollout is underway. The government will shut down on Saturday and 12 million people will lose unemployment benefits the day after Christmas if Congress fails to act. Expect some market volatility in the coming days, whatever the outcome. Read more here

2. In a severe case of the pot calling the kettle black, Facebook (FB) on Wednesday unleashed a tirade of ads targeting Apple’s (AAPL) upcoming iOS updates which would “hurt small businesses.” The attack relates to the fact that iOS will force apps next year to ask for permission if they want to use ad-tracking. It’s expected that most users will refuse, which will mean apps won’t be able to easily offer personalized ads. Considering Facebook generates more than 98% of its revenue from ads, this would be a real blow to the social network. In a strange but apparent attempt to erase more than a decade of ill-will towards Facebook, Zuckerberg & Co. claim to be “standing up to Apple for small businesses everywhere” — let’s just ignore the innumerable small businesses and competitors who have been harmed by Facebook’s copycat tactics, shall we? Read the full story here

3. The frustrating ‘will they, won’t they’ that’s been dragging on for eight months between Roku (ROKU) and AT&T’s (T) WarnerMedia has finally drawn to a close with the confirmation that Roku’s is adding HBO Max to its platform. The move comes just after WarnerMedia announced that it will simultaneously release its 2021 movies on HBO Max the same day they debut in theaters, ahead of the upcoming blockbuster release of ‘Wonder Woman 1984’. Already up close to 2% on Wednesday, Roku shares are up more than 4% after-hours at time of writing, as its 46 million active users will now have access to yet another competitor in the ongoing streaming wars. The brand-agnostic streaming provider is up 137% year-to-date. Read more here

There is 1 company on the MyWallSt shortlist that will report earnings today:

FedEx (FDX)

Get this week’s full earnings calendar here.


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