Top Stocks To Short Today As Markets Recover Some Losses From Last Week
- Date: 19-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Top Stocks To Short Today As Markets Recover Some Losses From Last Week
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Galvanized stocks recovered some of last week's losses led by Goldman Sachs
GS
' earnings and incoming Treasury Secretary Janet Yellen's expected remarks calling for more stimulus. Goldman crushed its earnings estimates thanks to an influx of new traders, while Yellen's prepared remarks stated that the smartest thing to do right now, despite the debt burden, is to “act big.” The Dow rose 120 points or 0.4% on this news, the S&P 500 gained 0.5%, and the Nasdaq
NDAQ
jumped 0.7%. Indicators also showed an improvement in the vaccine rollout process, with President-elect Biden's 100 million doses in the first 100-day goal looking reachable. Stocks that should benefit most from the further stimulus and a faster vaccine rollout led the market today. Norwegian Cruise Line
NCLH
and Royal Caribbean
RCL
each gained more than 1%, Boeing
BA
also rose 2%, while American Airlines
AAL
gained 2.7%. Apple
AAPL
, Microsoft
MSFT
, Alphabet,