Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Silver Trade, Pfizer Profit, Big Tech Day: 3 Things to Watch

Published 02/01/2021, 03:55 PM
Updated 02/01/2021, 04:01 PM
© Reuters.

By Liz Moyer

Investing.com -- Stocks rallied on Monday ahead of a big week of earnings for tech companies and as volatility eased from last week’s frenzy.

The short-squeeze darling GameStop Corp (NYSE:GME) plunged after a crazy week where retail investors battled against professional traders betting against the video game retailer. The same dynamic spilled over into shares of Express Inc (NYSE:EXPR), Bed Bath & Beyond Inc (NASDAQ:BBBY), and others.

Fourth quarter results have been strong so far, with the roll out of vaccines and improving case and death numbers lifting spirits. 

Overall, 37% of the companies in the S&P 500 have reported results for Q4 2020, with about 82% reporting EPS above estimates, which is above the five-year average of 74%.

Here are three things that could affect markets tomorrow: 

1. All that glitters....

Silver glittered on Monday, but will traders be able to keep the momentum going? Spot silver jumped 7.6%, to nearly $30 an ounce, and the iShares Silver Trust (NYSE:SLV) rose 7% after taking in more than $1 billion of inflows on Friday.

But analysts said the rally might not last. Monday’s run up is giving market watchers a break from the GameStop short squeeze saga. GameStop fell 30% on Monday after last week’s frenzy, but investors won’t be distracted away from equities for long. 

2. Covid-19 vaccine maker earnings

Pfizer Inc (NYSE:PFE), which with BioNTech SE (NASDAQ:BNTX) was first out of the gate in the U.S. with emergency vaccine approval, will report quarterly results on Tuesday. Analysts EPS of 52 cents on revenue of $12.2 billion.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Analysts will likely be listening to the pharma giant’s earnings call for any news about vaccine production and distribution. The two-shot drug, along with a vaccine from Moderna Inc (NASDAQ:MRNA) and upcoming candidates from Johnson & Johnson (NYSE:JNJ) and Novavax Inc (NASDAQ:NVAX) are seen as key to getting the economy back to normal. 

3. Big tech strikes again

Tuesday is also a key day for big tech earnings from Google parent Alphabet Inc Class A (NASDAQ:GOOGL) and the e-commerce giant Amazon.com Inc (NASDAQ:AMZN).

Alphabet is seen reporting EPS of $15.68 on revenue of $52.9 billion. Amazon is expected to report EPS of $7.16 on revenue of $119.7 billion.

Latest comments

investing in silver would just recoup the loses of the hedge fund that lost betting against gamestop. they have a huge investment in it and are trying to get buyers to believe there will be a large spike
Retailers do not mess with silver much, the big boys are in control, they can increase or decrease price by huge amounts any time they want, even while your sleeping with futures contracts which are way out of most retailers league unless you have very big acconts. They have unlimited borrowing power and margins to manipulate the whole market in the same way, all indexes, and no thanks to the Fed supporting them with lots of liiquidity and low interest borrowing rates. They re acting fearless in the worst economy in over 70 years and make the most with the algos driving prices up thinking they can and wiil take profits faster than most and leave all retail investers and retirement accounts wiped out at will. When will they dump market back to reality? When their short squeezing during bad economy and longs not being drawn in are complete. They read all order flow unlike us, with super computers and priviledged info.
GE looking nice
silver and uranium the two most undervalued assets on the planet
Physical silver just bought 500 ounces last week let’s bring the house of cards down
you fell for their trap. that was fake news to bail them out. Smfhthanks for dropping the ball and bailing out wall street. 😳
the hedgefund that bet against gamestop has a large investment in silver. buying silver recoup their loses and they are trying to drum up this sort of false premise that it has more value than it really has
If you want real value then buy physical silver. When the market crashes and it will, very soon, paper silver isnt going to be worth a ***
Clearly, my dslexyia kicked in 🙃... SMTS Lol
Also, ASTM
Silver’s already headed South. The mania’s over.
Its differnt initive, seems like more thoughtfull: Wallstreetsilver, aiming to challege paper silver from COMEX vs real phisical metal that can replace fiat “money”
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.