Tuesday’s Headlines: AMC And Airline Stocks Lead Gains
Here were the biggest movers in the MyWallSt shortlist yesterday:
Moving Up ⬆️
GoPro (GPRO) +14.0%
Stitch Fix (SFIX) +10.9%
Nordstrom (JWN) +10.7%
Nautilus (NLS) +8.8%
Pure Storage (PSTG) +8.0%
Moving Down ⬇️
DraftKings (DKNG) -5.6%
Trupanion (TRUP) -3.5%
Berkshire Hathaway (BRK.B) -2.1%
Vail Resorts (MTN) -1.7%
Sea Limited (SE) -1.6%
1. U.S. stocks posted closing records yesterday as investors remain positive about economic growth ahead of stimulus checks being issued. The S&P 500 (VOO) and Dow Jones Industrial Average (DIA) both traded in the green on Monday, while the Nasdaq (QQQ) jumped 1.05%. Thanks to vaccine hopes, American Airlines and AMC also saw their shares skyrocket yesterday as traditional industries begin to recover from COVID-19. However, further volatility in the market is expected when the stimulus checks are deposited later this week — with analysts predicting retail investors to buy $3 billion of U.S. equities in a single day. Read more here.
2. Netflix (NFLX) has made history by earning 35 Academy Award nominations, the most in a year for any producer. The king of streaming scored 10 nominations for David Fincher’s 'Mank,' including Best Picture, and Aaron Sorkin’s 'The Trial of the Chicago 7' picked up six nominations. As traditional studios were unable to release titles in theatres due to COVID-19, filmmakers looked for alternative distribution strategies by selling movies to streaming services. This meant that Netflix wasn’t the only over-the-top provider celebrating, Amazon (AMZN) Studios also received its highest-ever Oscar nomination tally with 12 nods alongside Apple (AAPL) TV and Disney (DIS) Plus. See the full story here.
3. Facebook (FB) has finally made its long-awaited multi-year deal with News Corp. in Australia, by agreeing to pay Rupert Murdoch’s publishing firm for access to additional stories. The deal resolves a dispute in the ‘Land Down Under’ where publishers complained that tech giants are capturing a growing share of the online advertising market by selling ads on their platforms alongside articles that they get for free. Now, Facebook users will gain access to news articles and breaking videos which sit behind a paywall from News Corp.’s publications in Australia. The tech firm is still in discussions with Australian publishers ahead of plans to launch its News tab in the country. See more on the story here.
There are two companies from the MyWallSt shortlist that will report earnings today:
Coupa Software (COUP)