Stock Market Today: Top Stories For January 24, 2021
Good morning everyone and I hope you've had a great week so far. Let's kick things off on Thursday with some of the top stories in the stock market today:
John McAfee Antivirus Founder & Bitcoin Bull, Dead In Barcelona Suicide
John McAfee, an avid Bitcoin bull was found dead in a Barcelona prison on Wednesday according to police sources cited by El País. McAfee was best known for his staunch stance on the future of digital currency. At one point he had even made a standing bet that if Bitcoin prices didn’t reach $1 million that he would eat his – um – manhood on live TV.
2 Marijuana Stocks To Watch Before The End Of The Month
Back on Wednesday marijuana stocks started to pull back up in the market. Much of this upward momentum stems from more states legalizing or pushing for cannabis reform. Throughout the sector states like Pennsylvania, Connecticut, and North Carolina to name a few are working on legalizing marijuana. When news about cannabis reform comes out in a positive progression it usually resonates well amongst marijuana stocks.
The biggest hurdle for the cannabis industry has been better cannabis legislation. With better laws and structure in place, it will only help contribute to the overall success of the industry. Currently, there are a few pieces of legislation that hold great value to the future of the industry. For instance, the industry is mainly run on an all-cash basis. This poses a great risk for the cannabis business and can make them fall victim to unwarranted crimes. So the best way to fix that is the SAFE Banking Act.
Dow Jones Futures Rise, S&P 500 Eyes High As Market Rally Gains Steam; Snap, Tesla, Eli Lilly, Accenture Moving
Dow Jones futures rose modestly Thursday morning, along with S&P 500 futures and Nasdaq futures, with the S&P 500 eyeing a record high. Snap stock and Tesla continued to climb after big moves Wednesday, while Eli Lilly (LLY) said it'll seek FDA approval for its Alzheimer's drug this year. Accenture (ACN) eyed a breakout on earnings.
A bipartisan group of senators said Wednesday night they've reached the outlines of a infrastructure spending deal with the White House. An agreement could come today.
The stock market rally had a quietly bullish Wednesday, with the Nasdaq holding at record highs while leaders and growth stocks had solid sessions.
Stock Wars: New York Times Company Vs. News Corp
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector, with the goal of allowing readers to decide which company is the better investment. This week, the duel is between two influential and often controversial media giants: The New York Times Co
(NYT) and News Corp (NASDAQ: NWSA NWS).
The Case For The New York Times: The New York Times published its first edition on Sept. 18, 1851. The company has been listed on the New York Stock Exchange since 1967 and carries two categories of stock, a publicly-traded Class A and a privately-held Class B, mostly held by the descendants of Adolph Ochs, who acquired the newspaper in 1896.
The Case for News Corp: News Corp came about in 2013 as a spinoff from Rupert Murdoch’s News Corporation, which was founded in 1980.
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