Welcome to the stock market today! What should you be watching? Well, right now investors are working to settle into the new year and prep their portfolios for everything ahead. At the same time, the novel coronavirus pandemic rages on. Just this week we have seen new restrictions — and new vaccine announcements — have an effect on the markets. Keep an eye on this situation today, particularly as the United Kingdom returns to lockdown. Additionally, closely watch the runoff races in Georgia. With the potential to flip the Senate, today’s election is big news. For more, follow the stock market in real time with InvestorPlace.
Latest Updates:
- Dow Gains 100+ Points to Close After Rough Open
- 4 Stocks to Buy for Huge Gains in 2021
- Midday Update: Stocks Move Into the Green
- Biotech Stocks: How to Play Today's Big Moves
- 3 Big Stories to Watch Today
Dow Gains 100+ Points to Close After Rough Open
[Tuesday, January 5, 4:04 pm]
Contributed by Sarah Smith
- The S&P 500 closed higher by 0.71%
- The Dow Jones Industrial Average closed higher by 0.55%
- The Nasdaq Composite closed higher by 0.95%
- The Russell 2000 closed higher by 1.96%
4 Stocks to Buy for Huge Gains in 2021
[Tuesday, January 5, 2:31 pm]
Contributed by Sarah Smith
InvestorPlace contributor Faisal Humayun has a great outlook on investing for the year ahead. Looking back at 2020, he recognizes the simply horrific consequences of the novel coronavirus. At the same time, he realizes that for a few lucky companies and the bulls behind them, 2020 was a chance to create some serious profits. Just think about Zoom Video (NASDAQ:ZM). Those that got into video conferencing and other work-from-home tech early rode ZM stock to astronomic heights. And then think about Tesla (NASDAQ:TSLA). The leading electric vehicle maker has faced more than its fair share of critics and doubters. Despite all that, Tesla powered ahead in 2020, leading the way for a massive EV revolution.
In 2021, Humayun wants to help investors find the next ZM and the next TSLA stock. We already know that innovation is driving us ahead. Now, we just need to find the right opportunities.
If you like the way that sounds, consider his four recommendations for serious profits:
- Workhorse Group (NASDAQ:WKHS)
- dMY Technology Group (NYSE:DMYT)
- Laird Superfood (NYSEAMERICAN:LSF)
- Li Auto (NASDAQ:LI)
Midday Update: Stocks Move Into the Green
[Tuesday, January 5, 1:07 pm]
Contributed by Sarah Smith
- The S&P 500 is up 0.48%
- The Dow Jones Industrial Average is up 0.47%
- The Nasdaq Composite is up 0.54%
- The Russell 2000 is up 1.63%
Biotech Stocks: How to Play Today's Big Moves
[Tuesday, January 5, 11:48 am]
Contributed by Sarah Smith
Biotech stocks are launching a hot start to 2021. In fact, some of the biggest movers today hail from the biotech and pharmaceutical space. These top names may be a bit speculative — due to in-development treatments, ongoing regulatory processes and penny-stock statuses — but investors should still pay attention. Why? Well, going into a new year, it is clear that the stock market is relying on innovative fields to drive ahead.
Five stocks are particularly benefitting from innovative treatments and drugs today, and these stocks touch on everything from pet health to cancer therapies. What they have in common is that investors are betting these companies will thrive in the new year.
- Synthetic Biologics: 6 Things for SYN Stock Investors to Know as the Biotech Skyrockets
- JAGX Stock: 12 Things to Know About Fast-Moving Jaguar Health
- ALRN Stock: What Investors Should Know About Aileron Therapeutics
- ZOM Stock: Why Pet Care Play Zomedica Is on the Move
- ZSAN Stock: What Investors Should Know About Zosano Pharma
Although these stocks are all up big, not every investor will be comfortable with this level of risk. Are you in that boat? Do you still recognize the potential in biotech stocks? If so, you are in luck. Looking at the power of innovation and the influence of the Covid-19 pandemic, InvestorPlace analyst Louis Navellier recently recommended these seven reliable biotech stocks to buy.
3 Big Stories to Watch Today
[Tuesday, January 5, 11:19 am]
Contributed by Sarah Smith
- Lockdowns. United Kingdom Prime Minister Boris Johnson announced Monday that he would reimpose lockdown measures to control the spread of the novel coronavirus. This move comes as a winter wave of Covid-19 continues and cases surge. Additionally, things have been particularly rough in the United Kingdom, where a new strain of Covid-19 is allegedly more infectious. As of right now, Johnson said he anticipates this lockdown running through mid-February. It also follows a move by Nicola Sturgeon, the First Minister of Scotland, who announced a lockdown over the weekend.
- Georgia elections. Today is the day. Georgia voters will cast their ballots in two runoff races for the United States Senate. Importantly, these runoff races will determine control of the Senate and could flip it into Democratic control. Yesterday, bullish investors chased up cannabis stocks on the hope of a so-called blue wave. With the upcoming inauguration of President-elect Joe Biden, some investors are hopeful that a Democrat-controlled Senate would accelerate cannabis legalization at the federal level. You can follow live updates from the New York Times here.
- Delisting threats. A number of Chinese companies captivate investors in the United States. Unfortunately for these investors, some of these companies also garner ill will from President Donald Trump. In November, Trump signed an executive order banning investment in companies that support the Chinese military. Importantly, a trio of telecom giants made this list, setting the stage for their delisting from the New York Stock Exchange. However, the NYSE announced yesterday that it would no longer delist those companies. This means that China Telecom (NYSE:CHA), China Mobile (NYSE:CHL) and China Unicom (NYSE:CHU) will continue trading as is.
Major Indices Start Tuesday Down
[Tuesday, January 5, 9:30 am]
Contributed by Sarah Smith
- The S&P 500 opened lower by 1.48%
- The Dow Jones Industrial Average opened lower by 1.25%
- The Nasdaq Composite opened lower by 1.47%
- The Russell 2000 opened lower by 1.47%
Stock Market Futures Dip Ahead of Georgia Vote
[Tuesday, January 5, 8:54 am]
Contributed by Sarah Smith
- S&P 500 futures are down 0.21%
- Dow Jones Industrial Average futures are down 0.09%
- Nasdaq Composite futures are down 0.36%
- Russell 2000 futures are down 0.05%
