WASHINGTON (dpa-AFX) - Stocks have moved mostly higher in morning trading on Tuesday, adding to the strong gains posted last week. With the continued advance, the major averages have once again
A handful of small hedge funds were in a position to profit from the Reddit rally that sent shares of GameStop Corp and other out-of-favor stocks rocketing higher last month at the expense of prominent investors who had bet against the stocks, according to securities filings.
Jim Cramer, in his four-part series "The Birth of a Market Bottom," examines how the stock market managed to find a bottom amid the chaos created by the onset of Covid-19. In Part 1, Cramer looks at a stock market that was flying high, only to plummet with the spread of a deadly, mysterious virus..MAR
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Stock Picking Is Key After This Gap-Up Open Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker s market, right now.
Feb 16, 2021 | 11:12 AM EST
Traders are active following another gap-up open. It is all about the stock-picking again, with breadth running 4850 gainers to 2725 decliners. Over 1400 names are hitting new 12-month highs, and the list of stocks moving more than 10% is a couple of pages long.
The key to this market continues to be to find the hot sectors. Bitcoin and Bitcoin-related names are hot, with Grayscale Bitcoin Trust (GBTC) , Marathon Patent Group, Inc. (MARA) , Canaan Inc. (CAN) , Bit Digital, Inc. (BTBT) , Xunlei Limited (XNET) , Riot Blockchain, Inc. (RIOT) and Greenpro Capital Corp. (GRNQ) jumping. Some of the cannabis names, like Village Farms International, Inc. (VFF) , AdvisorShares Pure US Cannabis ETF (MSOS) and Trulieve Cannabis Corp. (TCNNF) , are jumping back.