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Oct. 21, 2021, 9:56 a.m. EDT

Next year will be ‘tricky’ for stockholders, so follow this road map, says RBC’s top strategist Lori Calvasina

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By Barbara Kollmeyer

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The buzz

Tesla /zigman2/quotes/203558040/composite TSLA +2.08% shares are down despite record profit and sales, as the electric-car maker spoke of supply-chain woes that kept factories from running full tilt. The first earnings call without Chief Executive Elon Musk may have hurt the stock too .

Upbeat earnings news has lifted American Airlines /zigman2/quotes/209207041/composite AAL -0.89% , Southwest Airlines /zigman2/quotes/201071949/composite LUV +0.26% and AT&T /zigman2/quotes/203165245/composite T +4.52% shares, with lab group Quest Diagnostics /zigman2/quotes/201001842/composite DGX -0.17% up after lifting its profit target . Chip maker Intel /zigman2/quotes/203649727/composite INTC -0.67% , white-goods maker Whirlpool /zigman2/quotes/200296850/composite WHR +2.68% and fast-food chain Chipotle Mexican Grill /zigman2/quotes/200781108/composite CMG +4.82% will report after the close.

On the tech front, IBM /zigman2/quotes/203856914/composite IBM +1.49% shares are down on mixed earnings . HP  /zigman2/quotes/203461582/composite HPQ +3.10% is up after the PC maker boosted its dividend and laid out a bullish forecast, though it warned of supply-chain issues .

Shares of Pfizer /zigman2/quotes/202877789/composite PFE +1.80% and German partner BioNTech /zigman2/quotes/214419716/composite BNTX +4.97% are up after the pair said a a late-stage trial of a COVID-19 vaccine booster shot showed 95.6% efficacy

Shares of Evergrande /zigman2/quotes/222823968/delayed HK:6666 -2.75% plunged 13% in Hong Kong after the troubled Chinese property giant said a deal to sell its property management arm to a smaller rival had collapsed.

Data showed weekly jobless claims falling, while the Philadelphia Federal Reserve manufacturing index came in slightly under expectations. Existing home sales and leading economic indicators are still to come.

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The markets

Stocks /zigman2/quotes/210598065/realtime DJIA +1.65% /zigman2/quotes/210599714/realtime SPX +2.43% /zigman2/quotes/210598365/realtime COMP +3.13% are struggling, with oil prices /zigman2/quotes/209723049/delayed CL00 +0.79% down and bond yields /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -1.81% creeping up.

Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.38% has backed away slightly from that record near $67,000, following Tuesday’s strong debut of the ProShares Bitcoin Strategy ETF /zigman2/quotes/230440344/composite BITO +6.54% . While the bulls are even more bullish now , JPMorgan told clients in a note that bitcoin’s rise since September is probably stemming from its growing popularity as an inflation hedge over gold.

The chart

A Redditor offers a glimpse of some crushing investment losses , blaming a carpe diem play on tech.

“Made 500k on boeing, tesla, and other stock. One year ago. Then yolo in semiconductor in February and bunch of other shit call. R.I.P McDonald’s I’m coming,” wrote user _STIFFL3R_ to a mostly sympathetic crowd.

Random reads

Former President Donald Trump is setting up his own social-media platform via a special-purpose acquisition company merger with Digital World Acquisition /zigman2/quotes/229933747/composite DWAC +3.49% (those shares are up in premarket).

A four-year old soccer prodigy has been recruited by a top English soccer club.

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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 846.35
+17.25 +2.08%
Volume: 44.93M
Jan. 28, 2022 4:00p
P/E Ratio
274.04
Dividend Yield
N/A
Market Cap
$832.64 billion
Rev. per Employee
$662,097
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 15.64
-0.14 -0.89%
Volume: 51.66M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.22 billion
Rev. per Employee
$290,964
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 42.93
+0.11 +0.26%
Volume: 10.98M
Jan. 28, 2022 4:00p
P/E Ratio
26.77
Dividend Yield
0.00%
Market Cap
$25.35 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 25.21
+1.09 +4.52%
Volume: 77.09M
Jan. 28, 2022 4:02p
P/E Ratio
9.13
Dividend Yield
8.25%
Market Cap
$172.24 billion
Rev. per Employee
$734,348
loading...
/zigman2/quotes/201001842/composite
US : U.S.: NYSE
$ 134.85
-0.23 -0.17%
Volume: 1.88M
Jan. 28, 2022 4:02p
P/E Ratio
8.10
Dividend Yield
1.84%
Market Cap
$16.57 billion
Rev. per Employee
$220,204
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 47.73
-0.32 -0.67%
Volume: 61.95M
Jan. 28, 2022 4:00p
P/E Ratio
9.82
Dividend Yield
3.06%
Market Cap
$195.66 billion
Rev. per Employee
$652,552
loading...
/zigman2/quotes/200296850/composite
US : U.S.: NYSE
$ 205.19
+5.36 +2.68%
Volume: 936,255
Jan. 28, 2022 4:03p
P/E Ratio
7.23
Dividend Yield
2.73%
Market Cap
$12.14 billion
Rev. per Employee
$281,859
loading...
/zigman2/quotes/200781108/composite
US : U.S.: NYSE
$ 1,410.02
+64.88 +4.82%
Volume: 299,126
Jan. 28, 2022 4:02p
P/E Ratio
56.61
Dividend Yield
N/A
Market Cap
$37.85 billion
Rev. per Employee
$81,752
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 134.50
+1.98 +1.49%
Volume: 5.47M
Jan. 28, 2022 4:00p
P/E Ratio
21.21
Dividend Yield
4.88%
Market Cap
$118.84 billion
Rev. per Employee
$152,811
loading...
/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 36.30
+1.09 +3.10%
Volume: 9.47M
Jan. 28, 2022 4:02p
P/E Ratio
6.67
Dividend Yield
2.75%
Market Cap
$38.12 billion
Rev. per Employee
$1.25M
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 54.33
+0.96 +1.80%
Volume: 28.59M
Jan. 28, 2022 4:02p
P/E Ratio
16.13
Dividend Yield
2.94%
Market Cap
$299.56 billion
Rev. per Employee
$883,274
loading...
/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 162.22
+7.68 +4.97%
Volume: 1.43M
Jan. 28, 2022 4:00p
P/E Ratio
4.68
Dividend Yield
N/A
Market Cap
$37.48 billion
Rev. per Employee
$8.48M
loading...
/zigman2/quotes/222823968/delayed
HK : Hong Kong
$ 2.48
-0.07 -2.75%
Volume: 13.51M
Jan. 28, 2022 4:08p
P/E Ratio
6.64
Dividend Yield
N/A
Market Cap
$27.57 billion
Rev. per Employee
$385,061
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,725.47
+564.69 +1.65%
Volume: 568.44M
Jan. 28, 2022 4:54p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,431.85
+105.34 +2.43%
Volume: 2.91B
Jan. 28, 2022 4:54p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
13,770.57
+417.79 +3.13%
Volume: 4.24M
Jan. 28, 2022 5:16p
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 87.29
+0.68 +0.79%
Volume: 419,868
Jan. 28, 2022 4:59p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.77
-0.03 -1.81%
Volume: 0.00
Jan. 28, 2022 4:56p
loading...
/zigman2/quotes/31322028/realtime
US : CoinDesk
37,675.43
-142.84 -0.38%
Volume: 0.00
Jan. 29, 2022 5:19a
loading...
/zigman2/quotes/230440344/composite
US : U.S.: NYSE Arca
$ 23.77
+1.46 +6.54%
Volume: 8.52M
Jan. 28, 2022 4:00p
loading...
/zigman2/quotes/229933747/composite
US : U.S.: Nasdaq
$ 68.75
+2.32 +3.49%
Volume: 2.47M
Jan. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.47 billion
Rev. per Employee
N/A
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