Market futures are slightly up on Monday pointing to a more optimistic opening, possibly breaking last week's slump. Bitcoin (BTC) is below 17k
WTI Crude Oil is around $74 a barrel.
Trending Stories
Elon Musk asks Twitter users via poll if he should step down as CEO, and the results are "yes". This is addressing some worries Tesla (TSLA) shareholders and others have, that he might be distracted by his responsibilities at Twitter instead of being more focused on the automaker. Tesla's share price is down 17% in the last month. Musk said he would abide by the results of the poll. He would remain the owner of Twitter and likely choose the next CEO himself.
Stocks to Watch
Moderna (MRNA) maker of one of the Covid 19 vaccines is upgraded to Buy from Hold at Jeffries, citing promising uses beyond the vaccine. The stock is up 3.7% premarket.
L3Harris Technologies (LHX) agrees to buy rival Aerojet Rocketdyne (AJRD) for $4.7 Billion. Making LHX an even more attractive pick in the category of military defense contractors.
Disney (DIS) has something to prove. Avatar The Way of the Water, just had its theatrical debut and all eyes are on the earnings. The movie has to be one of the best-earning movies in history to break even and must become the biggest movie ever if it wants to beat the first Avatar. If Disney can deliver the company proves that it can provide products beyond the Marvel franchise, which has been lacking lately.
The Punkrock Capitalist
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