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Apple Inc – Continues to lead the “Santa Clause” rally, set to open within striking distance of its $3T market cap level of $182.86. Apple announced late yesterday it will close its NY City stores to shoppers as omicron cases continue to spike.
Travel Stocks – Back on watch after Monday’s reversals, casino stocks with Macau exposure are of note this morning after Macau yesterday reported its first imported case of the omicron variant. Airline stages an impressive come back in yesterday’s session even as holiday related flight cancellations throughout the US continued for a fourth day as airlines struggle with staffing shortage due to covid. UAL, DAL, LUV, SAVE, ALK, WYNN, MGM, LVS
Retail Stocks – Trading higher premarket for the second straight day, preliminary holiday sales figures in the US seem positive. According to Mastercard SpendingPluse, data showed an 8.5% YoY uptick in spending this year and the largest annual increase in 17 years. M, COST, WMT, JWN, GPS, KSS, HD
Advanced Micro Devices – Chip makers continue to be strong. AMD announced a new three year agreement with GlobalFoundries to acquire $2.1 billion of silicon wafers, large discs of silicon on which computer chips are made. The deal will run from 2022 – 2025.
Tesla Inc – Higher in early trading for the fourth straight session, multiple analysts out with positive notes on the stock again this morning. Wedbush says Tesla has navigated the chip supply shortages better than any automaker globally over the last six months, putting it in a clear position of strength heading into 2022. “The linchpin to the overall bull thesis on TSLA remains China, which we estimate will represent 40% of deliveries for the EV maker in 2022”
Coinbase Global – Lower along with BTC prices, the stock has been on a four session winning streak gaining nearly 20% during that period.
LiveOne Inc – Trading sharply higher after the small cap tech firm signed a binding letter of intent to buy Trader2B, a skill-based simulated trading platform around stocks, crypto, coins and non-fungible tokens.
Biondvax Pharma – The Israel-based biopharmaceutical company said Jay Green, former chief finance officer (CFO) of GlaxoSmithKline plc’s global vaccines business, has joined BiondVax’s board of directors.
Spruce Biosciences – Continues to gain attention on social media, the micro cap biotech has more than doubled in two weeks.