US Stock Market Today: It’s still Gamestop (GME) day, again, again!
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UNLOCK OFFERHere is what you need to know on Thursday, January 28 2021:
European indices were mixed on Thursday, with the FTSE up 0.1%, Euro Stoxx up 0.1% but the Dax bucked the trend being down nearly 1%.
Overnight, Asian stocks closed lower with the Nikkei down 1.5% and the Hang Seng losing 2.5%.
US markets were pointing towards a flat open, with Dow futures up 0.3%, S&P up 0.1% and Nasdaq futures down 0.5%.
See also: Brokers’ restrictions on GME and AMC set a dangerous precedent – FXStreet Editorial
EuroStoxx 50
Asian markets were weak on the back of overnight losses on Wall Street and profit-taking from gains seen in January so far.
European markets were mixed with worries over vaccine supplies continuing. The EU and AstraZeneca (AZN) failed to reach any agreement after a conference call late on Wednesday. Investors were also worried about longer-than-expected lockdowns, which had hit travel and airline stocks on Wednesday. American Airlines (AAL) helped to turn sentiment though, as it announced results and AAL surged 40% in pre-market trading. IAG and Lufthansa took note and bounced nearly 8%.
Inflation in Germany made an unexpected return with CPI, coming at a higher than expected +0.8% for January and +1% Year-on-Year.
US stock futures were mixed as the Nasdaq edged lower on the back of Apple (AAPL) sliding 2% in the pre- market (despite posting strong results) and Tesla (TSLA) releasing disappointing earnings on Wednesday after the market closed. American Airlines (AAL) helped S&P and Dow futures as the company's results were better than expected. AAL shares moved 40% higher in the pre-market.
US GDP came in slightly below expectations, with a 4% gain versus 4.3% expected.
Gamestop (GME) remained the number one stock as GME broke $500 in Thursday's pre-market. KeyBanc increased its price target for Facebook (FB), while RBC increased its price target for Tesla (TSLA) from $700 to $725 and Morgan Stanley upped its Apple (AAPL) price target to $164.
Stocks covered at FXStreet:
Gamestop (GME) Stock Price and Forecast: Are shares going to break $500 today? (fxstreet.com)
NIO Stock Price and Forecast: NIO’s recent weakness tests key support level (fxstreet.com)
NNDM Stock Price: Nano Dimension Ltd pauses for breath after recent rally (fxstreet.com)
Gamestop (GME): Should I buy or should I sell Gamestop now? (fxstreet.com)
PLTR Stock Price: Palantir Technologies Inc dips as investors assess the Demo Day (fxstreet.com)
Li Auto Inc Stock Price and News: Bulls eye a Biden boost after the Jefferies jump (fxstreet.com)
Aurora Cannabis (ACB) Stock Price and Forecast: Rollercoaster for getting high! (fxstreet.com)
AT Stock Price: Atlantic Power Corp soars on news of acquisition by I Squared Capital (fxstreet.com)
BB Stock Price: BlackBerry Ltd set to extend gains as it dances with three giants (fxstreet.com)
Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch (fxstreet.com)
Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take off (fxstreet.com)
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Here is what you need to know on Thursday, January 28 2021:
European indices were mixed on Thursday, with the FTSE up 0.1%, Euro Stoxx up 0.1% but the Dax bucked the trend being down nearly 1%.
Overnight, Asian stocks closed lower with the Nikkei down 1.5% and the Hang Seng losing 2.5%.
US markets were pointing towards a flat open, with Dow futures up 0.3%, S&P up 0.1% and Nasdaq futures down 0.5%.
See also: Brokers’ restrictions on GME and AMC set a dangerous precedent – FXStreet Editorial
EuroStoxx 50
Asian markets were weak on the back of overnight losses on Wall Street and profit-taking from gains seen in January so far.
European markets were mixed with worries over vaccine supplies continuing. The EU and AstraZeneca (AZN) failed to reach any agreement after a conference call late on Wednesday. Investors were also worried about longer-than-expected lockdowns, which had hit travel and airline stocks on Wednesday. American Airlines (AAL) helped to turn sentiment though, as it announced results and AAL surged 40% in pre-market trading. IAG and Lufthansa took note and bounced nearly 8%.
Inflation in Germany made an unexpected return with CPI, coming at a higher than expected +0.8% for January and +1% Year-on-Year.
US stock futures were mixed as the Nasdaq edged lower on the back of Apple (AAPL) sliding 2% in the pre- market (despite posting strong results) and Tesla (TSLA) releasing disappointing earnings on Wednesday after the market closed. American Airlines (AAL) helped S&P and Dow futures as the company's results were better than expected. AAL shares moved 40% higher in the pre-market.
US GDP came in slightly below expectations, with a 4% gain versus 4.3% expected.
Gamestop (GME) remained the number one stock as GME broke $500 in Thursday's pre-market. KeyBanc increased its price target for Facebook (FB), while RBC increased its price target for Tesla (TSLA) from $700 to $725 and Morgan Stanley upped its Apple (AAPL) price target to $164.
Stocks covered at FXStreet:
Gamestop (GME) Stock Price and Forecast: Are shares going to break $500 today? (fxstreet.com)
NIO Stock Price and Forecast: NIO’s recent weakness tests key support level (fxstreet.com)
NNDM Stock Price: Nano Dimension Ltd pauses for breath after recent rally (fxstreet.com)
Gamestop (GME): Should I buy or should I sell Gamestop now? (fxstreet.com)
PLTR Stock Price: Palantir Technologies Inc dips as investors assess the Demo Day (fxstreet.com)
Li Auto Inc Stock Price and News: Bulls eye a Biden boost after the Jefferies jump (fxstreet.com)
Aurora Cannabis (ACB) Stock Price and Forecast: Rollercoaster for getting high! (fxstreet.com)
AT Stock Price: Atlantic Power Corp soars on news of acquisition by I Squared Capital (fxstreet.com)
BB Stock Price: BlackBerry Ltd set to extend gains as it dances with three giants (fxstreet.com)
Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch (fxstreet.com)
Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take off (fxstreet.com)
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector (fxstreet.com)
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.