Gamco Investors chairman and CEO joins ‘Barron’s Roundtable’
The Nasdaq Composite soared to a record high Monday morning as investors readied for a busy week of technology earnings.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 13702.867798 | +159.81 | +1.18% |
| SP500 | S&P 500 | 3856.51 | +15.04 | +0.39% |
| I:DJI | DOW JONES AVERAGES | 30910.51 | -86.47 | -0.28% |
The tech-heavy Nasdaq Composite was higher by 1.06% while the S&P 500 rose 0.28%. The Dow Jones Industrial Average, meanwhile, was down 134 points, or 0.43%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 144.00 | +4.93 | +3.54% |
| FB | FACEBOOK INC. | 276.40 | +1.90 | +0.69% |
| MSFT | MICROSOFT CORP. | 228.59 | +2.64 | +1.17% |
| TSLA | TESLA INC. | 881.38 | +34.74 | +4.10% |
The early advance has the Nasdaq on track for a fourth straight record-high close as investors await earnings from heavyweights Apple Inc., Facebook Inc., Microsoft Corp. and Tesla Inc. later this week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SBUX | STARBUCKS CORPORATION | 103.93 | +0.02 | +0.02% |
| MCD | MCDONALD’S CORP. | 212.16 | -1.32 | -0.62% |
Other companies set to report their quarterly results this week include McDonald’s Corp. and Starbucks Corp. as well as the major airlines, among others.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MRK | MERCK & CO. INC. | 80.77 | -0.20 | -0.25% |
| PFE | PFIZER INC. | 36.86 | +0.31 | +0.85% |
| BNTX | BIONTECH SE | 108.31 | -0.13 | -0.12% |
Elsewhere, Merck & Co. ended its pursuit of a COVID-19 vaccine and will instead focus on the development of therapeutics for those who already have the disease.
The Pfizer-BioNTech vaccine was approved for emergency use in Australia and AstraZeneca Plc told European Union officials that production problems would result in the delivery of 60% fewer vaccines than promised in the first quarter.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 4.84 | +1.32 | +37.44% |
Meanwhile, AMC Entertainment raised $917 million in debt and equity, tabling talk the embattled movie chain would file for bankruptcy. The company said the funds extends its financial runway “deep into 2021.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP | 137.24 | +72.49 | +111.95% |
GameStop shares squeezed higher Monday as short-sellers continued to rush for the exit after short interest recently reached more than 150% of shares outstanding. The stock had soared 226% from its Jan. 12 close through Friday.
In commodities, West Texas Intermediate crude oil slipped 9 cents to $52.18 per barrel and gold added $8.20 to $1,864.40 per ounce.
European markets were lower across the board with Britain’s FTSE 100 weaker by 0.92% while France’s CAC 40 and Germany’s DAX 30 were both down 1.22%.
In Asia, China’s Shanghai Composite index added 0.49%, Japan’s Nikkei 225 advanced 0.67% and Hong Kong’s Hang Seng index climbed 2.41%.
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