31 min

January 23, 2021: What Moved Markets This Wee‪k‬ Wall Street Breakfast

    • Business News

Big Picture
Stocks started the week strongly before coming up for air on Friday. Concerns over rising coronavirus cases in China coupled with disappointing earnings reports from IBM (NYSE:IBM) and Intel (NASDAQ:INTC) weighed on risk assets early Friday. Major indexes trimmed losses later in today’s trading session and finished green for the week.
Winners & Losers
Other than Bernie Sanders memes, many winners are anticipated beneficiaries of the Biden administration’s climate initiatives. Solar companies such as Sunpower (NASDAQ:SPWR), Enphase Energy (NASDAQ:ENPH), and Canadian Solar (NASDAQ:CSIQ) rallied. Polar Power (NASDAQ:POLA) was one of the biggest winners, with its shares gaining 81% this week.
U.S. automakers Ford (NYSE:F) and General Motors (NYSE:GM) rallied early in the week on their electrical vehicle initiatives before giving up some gains Friday. Home builders performed well, with shares of D.R. Horton (NYSE:DHI) and Pulte Homes (NYSE:PHM) adding double digit percentages.
Financials and energy names were among the losers. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) is down about 3% with its energy equivalent (NYSEARCA:XLE) dropping 5%. Oil producers ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), National Oilwell Varco (NYSE:NOV) are down double digits. Shares of Haliburton gave up 11% week-over-week.
Netflix (NASDAQ:NFLX) had a strong week after earnings, rallying by 16% to a new all-time high.
What Caught Our Eye(s) This Week

Kim: Airline stocks drop after United pushes out recovery timeline;

Brad: How stocks did under President Trump and A Biden presidency could make these stocks attractive picks: Kiplinger;

Stephen: J.C. Parets Joins Alpha Trader (Podcast);

Nat: Buy Newmark: A Turbocharged Way To Play A CRE Transaction Recovery (exclusive for PRO subscribers).

About This Podcast
Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.
Hosted by Nathaniel E. Baker, Senior Editor, Strategic Contributors, and featuring:

Bradley Olesen, VP News;

Kim Khan, Senior News Editor;

Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.


AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Big Picture
Stocks started the week strongly before coming up for air on Friday. Concerns over rising coronavirus cases in China coupled with disappointing earnings reports from IBM (NYSE:IBM) and Intel (NASDAQ:INTC) weighed on risk assets early Friday. Major indexes trimmed losses later in today’s trading session and finished green for the week.
Winners & Losers
Other than Bernie Sanders memes, many winners are anticipated beneficiaries of the Biden administration’s climate initiatives. Solar companies such as Sunpower (NASDAQ:SPWR), Enphase Energy (NASDAQ:ENPH), and Canadian Solar (NASDAQ:CSIQ) rallied. Polar Power (NASDAQ:POLA) was one of the biggest winners, with its shares gaining 81% this week.
U.S. automakers Ford (NYSE:F) and General Motors (NYSE:GM) rallied early in the week on their electrical vehicle initiatives before giving up some gains Friday. Home builders performed well, with shares of D.R. Horton (NYSE:DHI) and Pulte Homes (NYSE:PHM) adding double digit percentages.
Financials and energy names were among the losers. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) is down about 3% with its energy equivalent (NYSEARCA:XLE) dropping 5%. Oil producers ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), National Oilwell Varco (NYSE:NOV) are down double digits. Shares of Haliburton gave up 11% week-over-week.
Netflix (NASDAQ:NFLX) had a strong week after earnings, rallying by 16% to a new all-time high.
What Caught Our Eye(s) This Week

Kim: Airline stocks drop after United pushes out recovery timeline;

Brad: How stocks did under President Trump and A Biden presidency could make these stocks attractive picks: Kiplinger;

Stephen: J.C. Parets Joins Alpha Trader (Podcast);

Nat: Buy Newmark: A Turbocharged Way To Play A CRE Transaction Recovery (exclusive for PRO subscribers).

About This Podcast
Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors.
Hosted by Nathaniel E. Baker, Senior Editor, Strategic Contributors, and featuring:

Bradley Olesen, VP News;

Kim Khan, Senior News Editor;

Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast.


AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading.
Learn more about your ad choices. Visit megaphone.fm/adchoices

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