What You Need To Know
US futures are down. The House is set to impeach Trump today. US consumer price index rose 0.4% as expected in December. The vaccine rollout has now been changed to anyone over 65 which hopefully will speedup the vaccination process.
European and Asian markets are mixed as coronavirus fears reemerge.
Gold and silver are up slightly as the dollar strengthened. Oil is up again as the US inventory data calms investor’s demand fears.
Bitcoin is relatively stable and is currently trading around $34,716.
Walmart is partnering with HomeValet to provide an outdoor cooler for home grocery deliveries so you don’t have to wait for your food to arrive. Carnival cruise expects a $2.2b loss in the fourth quarter but ended 2020 with $9.5b in cash. Netflix is planning on releasing 71 original movies this year.
Biggest After Market Movers
Urban Outfitters (URBN) is down 10% as their comparable holiday sales fell 9%. Target (TGT) is up 1% after their comparable holiday sales rose 17.2%. KB Home (KBH) is up 4.8% after beating their quarterly earnings and a robust outlook for the housing market. Ally Financial (ALLY) is up 5.42% after announcing a new $1.6 billion share repurchasing program.
Chart of the Day
Zoom looking to fill the gap and than rip up (Charts by TradingView)