Monday, January 18, 2021 Today, markets are closed in observance of The Reverend Dr. Martin Luther King, Jr.’s birthday. Passed into law by President Reagan in 1983, the holiday — which always falls on the third Monday in January — the single-most important American of the Civil Rights movement of the 20th century. A Stevie Wonder song released in 1980, “Happy Birthday,” is often seen as a major catalyst in the popular movement to honor Dr King’s legacy. This holiday has been celebrated since 1986. Even after today, we’re notably light on new economic reports this week. Which is fine, because Q4 earnings season opens the spigot in earnest Tuesday morning. Big Banks continue their parade of Q4 numbers with Bank of America (and BAC Quick Quote BAC - Free Report) Goldman Sachs ( reporting in the morning, among others. After Tuesday’s close, the first of the FAANG stocks reports: GS Quick Quote GS - Free Report) Netflix (. The streaming service giant currently carries a Zacks Rank #3 (Hold), after having risen in stock price 47% since this time last year. NFLX Quick Quote NFLX - Free Report) The People’s Republic of China has released its figures for Q4 Gross Domestic Product (GDP): +6.5%, higher than the 6.1% analysts were expecting. Considering how the Covid-19 pandemic has ravaged most of the world and their economies, the country where the coronavirus originated (in its central Wuhan region) has managed to push 2020 GDP overall to +2.3% (which is its lowest in over 40 years). Though all numbers are reported through the Chinese central government with no independent oversight, economists are paying attention to this notably swift bounce-back in China’s economy. The country did enact very strict measures once it understood the potential impact of Covid-19 — just about one year ago, roads into and out of Wuhan were blocked with piles of gravel, airports were grounded. Military officers patrolled neighborhoods to help keep citizens indoors. Also, government stimulus measures were taken quickly and assuredly; as a result, China appears to be the only major country to emerge into the vaccine-stage of the pandemic with a relatively robust economy. Observers have noted Covid cases ticking up in some regions of the country, however (though nowhere near levels seen in the U.S. and other countries with lax measure for avoiding the disease). This takes on added importance when one considers the Lunar New Year holiday coming next month, which carries a real risk of spread as Chinese citizens take the weeks-long holiday to travel and visit family. In other words, the very risk posed in the U.S. over the holiday season here. Questions or comments about this article and/or its author? Click here>> These Stocks Are Poised to Soar Past the Pandemic The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking. Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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