Loading...

Did you buy any meme stocks or cryptos?

🔥 Biggest Ripper: While everybody was busy squeezing the shorts, the vaccine development company Novavax became last week’s biggest Ripper. $NVAX went on a 65% jump after reporting its vaccine was nearly 90% “efficient” in its late-stage U.K. study. This level of efficacy puts it on the same level as the U.S.-approved Moderna and Pfizer vaccines. The $NVAX vaccine ran into trouble against the new South African strain, but it looks likely to be approved for use in Europe despite these shortcomings. A separate late-stage trial in the U.S. is expected to wrap up in the weeks ahead.

⬅️ Last week: Volatility in stocks sent major indexes like the S&P 500, NASDAQ and Dow Jones into the negative for the year. This is the worst week performance since right before the election. Despite this, momentum stocks like GameStop ($GME) and AMC Entertainment ($AMC) had tremendous success. Those same r/WallStreetBets traders in the retail crowd now have their eyes on dogecoin and silver.

🔜 Coming up: There’s a rumor circulating that two of the biggest U.S-based oil companies are seeking a potential merger. Chevron and Exxon have been punished over the last few years, and oil prices crashed in 2020 due to sky-high supply and very low demand. It’s expected to take a toll on the broader industry, setting up M&A actions like this. However, it’s unlikely that the current administration would approve of such a merger between $CVX and $XOM. Watch this space.

Author Profile Picture

Noah Weidner

Noah Weidner is a restless self-starter with a vehement interest in all things that make the world go around: culture, politics, economics and all the people in between. He writes the Bullish Rippers series and covers other interesting trends and happenings at Bullish.

What Did You Think?

Join The Discussion

Be the first to Comment!

0 COMMENTS:

Leave your comment:

GET THE BEST OF BULLISH EACH WEEK.