Bulletin
Investor Alert

Need to Know Archives | Email alerts

Oct. 18, 2021, 7:25 a.m. EDT

Here’s ‘one of the most bullish signals’ ever for bitcoin that many investors may have missed

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bitcoin USD (BTCUSD)
  • X
    Block Inc. (SQ)

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer

1 2

State Street /zigman2/quotes/209758976/composite STT +1.31% reports Monday in a week that includes Johnson & Johnson /zigman2/quotes/201724570/composite JNJ +0.88% and Netflix /zigman2/quotes/202353025/composite NFLX +0.21% on Tuesday, Tesla /zigman2/quotes/203558040/composite TSLA +3.94% and Biogen /zigman2/quotes/201531540/composite BIIB +1.73% on Wednesday, and a bunch of others.

Speaking of Netflix, the hit South Korean show “Squid Game” is reportedly expected to rake in nearly $900 million for the streaming group.

Zillow /zigman2/quotes/204413973/composite Z +1.94% shares are tumbling, after Bloomberg reported that the real estate platform will pausing purchasing more U.S. homes to work through a property backlog.

Shares of Valneva  /zigman2/quotes/226552993/composite VALN -1.02% surged 40% in Paris, after the French biotech said its COVID-19 vaccine candidate outperformed AstraZeneca’s /zigman2/quotes/200304487/composite AZN -0.71% /zigman2/quotes/203048482/delayed UK:AZN -1.12% in a late-stage 3 trial.

Listen to the   Best New Ideas in Money   podcast.

The markets

Stock futures /zigman2/quotes/210407078/delayed YM00 -0.26% /zigman2/quotes/209948968/delayed ES00 -0.34% are under pressure, led by tech /zigman2/quotes/210219788/delayed NQ00 -0.53% as bond yields rise, along with oil prices /zigman2/quotes/209723049/delayed CL00 +0.19% . Natural-gas prices /zigman2/quotes/210189548/delayed NG00 +2.79% are tumbling. The dollar /zigman2/quotes/210598269/delayed DXY +0.08% is also up. Elsewhere, it was a mostly weaker day in Asia /zigman2/quotes/210598128/delayed XX:000300 -0.40% /zigman2/quotes/210597971/delayed JP:NIK +0.18% after China growth data, and European equities /zigman2/quotes/210599654/delayed XX:SXXP -0.26% are stumbling.

The chart

Last week, this column talked about TINA (there is no alternative) as rationale for stock markets to just keep moving higher.

A team of strategists at Goldman Sachs led by David Kostin predicts that a record 52% equity allocation for households, foreign investors, mutual funds and pension funds will keep rising in 2022 given “unattractive alternatives and high cash holdings.” Corporations will lead the charge, the bank said in a note.

Random reads

How singer Phil Collins got mixed up in a “Remember the Alamo” battle .

Crime author Carmen Mola, who just won Spain’s €1 million ($1.2 million) literary prize, is actually three men .

Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

Want more for the day ahead? Sign up for The Barron’s Daily, a morning briefing for investors, including exclusive commentary from Barron’s and MarketWatch writers.

/zigman2/quotes/209758976/composite
US : U.S.: NYSE
$ 91.33
+1.18 +1.31%
Volume: 4.53M
Jan. 31, 2023 4:04p
P/E Ratio
12.71
Dividend Yield
2.76%
Market Cap
$31.46 billion
Rev. per Employee
$353,032
loading...
/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 163.42
+1.42 +0.88%
Volume: 11.61M
Jan. 31, 2023 4:00p
P/E Ratio
24.25
Dividend Yield
2.77%
Market Cap
$423.55 billion
Rev. per Employee
$670,028
loading...
/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 353.86
+0.75 +0.21%
Volume: 5.66M
Jan. 31, 2023 4:00p
P/E Ratio
35.55
Dividend Yield
N/A
Market Cap
$157.26 billion
Rev. per Employee
$2.47M
loading...
/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 173.22
+6.56 +3.94%
Volume: 196.81M
Jan. 31, 2023 4:00p
P/E Ratio
53.52
Dividend Yield
N/A
Market Cap
$526.27 billion
Rev. per Employee
$637,144
loading...
/zigman2/quotes/201531540/composite
US : U.S.: Nasdaq
$ 290.90
+4.96 +1.73%
Volume: 851,929
Jan. 31, 2023 4:00p
P/E Ratio
14.82
Dividend Yield
N/A
Market Cap
$41.18 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/204413973/composite
US : U.S.: Nasdaq
$ 44.21
+0.84 +1.94%
Volume: 2.28M
Jan. 31, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.24 billion
Rev. per Employee
$1.20M
loading...
/zigman2/quotes/226552993/composite
US : U.S.: Nasdaq
$ 13.40
-0.14 -1.02%
Volume: 5,606
Jan. 31, 2023 2:50p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$940.11 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/200304487/composite
US : U.S.: Nasdaq
$ 65.37
-0.47 -0.71%
Volume: 5.77M
Jan. 31, 2023 4:00p
P/E Ratio
100.14
Dividend Yield
2.17%
Market Cap
$205.50 billion
Rev. per Employee
$544,657
loading...
/zigman2/quotes/203048482/delayed
UK : U.K.: London
10,590.00 p
-120.00 -1.12%
Volume: 1.46M
Jan. 31, 2023 4:35p
P/E Ratio
96.55
Dividend Yield
2.09%
Market Cap
£165.98 billion
Rev. per Employee
£426,154
loading...
/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 34,068.00
-88.00 -0.26%
Volume: 3,771
Jan. 31, 2023 8:48p
loading...
/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 4,076.25
-13.75 -0.34%
Volume: 31,508
Jan. 31, 2023 8:49p
loading...
/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 12,087.75
-64.25 -0.53%
Volume: 13,698
Jan. 31, 2023 8:49p
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 79.02
+0.15 +0.19%
Volume: 6,921
Jan. 31, 2023 9:49p
loading...
/zigman2/quotes/210189548/delayed
US : U.S.: Nymex
$ 2.76
+0.08 +2.79%
Volume: 2,070
Jan. 31, 2023 9:48p
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
102.18
+0.09 +0.08%
Volume: 0.00
Jan. 31, 2023 9:49p
loading...
/zigman2/quotes/210598128/delayed
XX : China Securities Index
4,140.34
-16.52 -0.40%
Volume: 5.91B
Feb. 1, 2023 10:43a
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
27,376.22
+49.11 +0.18%
Volume: 0.00
Feb. 1, 2023 11:30a
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
453.21
-1.19 -0.26%
Volume: 0.00
Jan. 31, 2023 11:03p
loading...

1 2
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.