Enjoying The Daily Breakdown? Be sure to subscribe to The Weekly Breakdown for a FREE full market report every Saturday.
Momentum Movers
- $BDMD up 63% on strong momentum following the J.P. Morgan healthcare conference.
- $QRVO up 14% following a WSJ report indicating activist investor Starboard Value has acquired a 7.7% stake in the company.
- $MSTR up 8% as $BTC rose over $104K.
- $RGTI down 12% as quantum names corrected after a strong bounce this week.
- $NUKK up 43% following the announcement of the company regaining Nasdaq compliance.
- $INTC up 9% amid M&A speculation on social media.
- $LLY down 4% despite the FDA approving expanded use of its ulcerative colitis drug for Crohn’s disease.
- $WBA down 3% after the Justice Department said it filed a nationwide lawsuit alleging Walgreens knowingly filled millions of prescriptions that lacked a legitimate medical purpose.
- $TSLA up 3% leading into Donald Trump’s Presidential Inauguration on 1/20/25 as speculation around executive orders regarding autonomous driving circulated.
- $RCAT down 15% as the stock continued to fall following a short report that was issued against it earlier in the week.
Sector Performance
Market News
- The stock market will be closed on Monday, 1/20/25, for MLK Day.
- Housing starts data released on Friday was well above expectations.
Upcoming Events 1/21/25
- Earnings: $SCHW, $NFLX, $MMM, $UAL, $IBKR, $KEY, $DHI, $STX, $PRGS, $COF, $FITB, $ZION, $UMC
Thanks Chris