{"id":206560,"date":"2021-01-08T19:13:36","date_gmt":"2021-01-09T00:13:36","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=206560"},"modified":"2021-01-09T07:54:12","modified_gmt":"2021-01-09T12:54:12","slug":"rally-ends-a-turbulent-first-week-of-2021","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/rally-ends-a-turbulent-first-week-of-2021\/","title":{"rendered":"Rally ends a turbulent first week of 2021"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1392\/Brian-Madden\">Brian Madden<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/BNS-T\"><span class=\"company-name\">Bank of Nova Scotia<\/span><\/a> (<strong>A Top Pick Jan 09\/19, Up 8%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Record Covid cases, lockdowns, civil insurrection and high unemployment couldn&#8217;t stop markets for rallying in the first week of trading in 2021. Wall Street hit a grand slam Friday as all the major indices made record closes: the Dow up 0.18%, the S&amp;P 0.55% and the Nasdaq 1.03%. The Nasdaq climbed 2.44% for the week, though that was nothing compared to Bitcoin, which soared 33% to $42,000 briefly, but dipped 1.5% by Friday&#8217;s close. Of course, the main driver was the Democratic Blue Wave which was confirmed Wednesday amid the ugly siege of Capitol Hill inflamed by Trump.<\/p>\n<p>On Friday, investors pushed up stocks in industrials\/infrastructure, financials, cannabis and green energy. Of the latter, <a href=\"https:\/\/stockchase.com\/PLUG-Q\">Plug Power<\/a>, for example, shot up 13.65%. And <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> continued to rise, popping 7.84%. However, Hyundai soared on <a href=\"https:\/\/finance.yahoo.com\/news\/shares-hyundai-motors-co-climb-042000141.html\" target=\"_blank\" rel=\"noopener\">reports<\/a> that it was talking to Apple about collaborating on a self-driving e-car. The Korean car-maker rocketed 28.48% while <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> increased 0.86% in heavy trading.<\/p>\n<p>The TSX closed up 0.08% Friday, but finished the week 3.49% higher and above 18,000. Energy, in particular, climbed 10% for the week. Gold names like <a href=\"https:\/\/stockchase.com\/YRI-T\">Yamana<\/a> and <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold<\/a> surrendered around 5.8% while <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> slipped 3% as the most-traded stock. <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> shone, up 6.37%, <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify<\/a> rose 3.12%, and <a href=\"https:\/\/stockchase.com\/CGX-T\">Cineplex<\/a> rallied 3.63% after an analyst upgrade. Green energy continued to ride the Blue Wave as <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex<\/a> leapt 5.55%.<\/p>\n<p>&#x1f50b; <a href=\"https:\/\/stockchase.com\/PLUG-Q\">Plug Power Inc<\/a> +13.65%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc<\/a> +7.84%<br \/>\n&#x1f699; Hyundai 28.48%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> +0.86%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/YRI-T\">Yamana Gold Inc.<\/a> -5.8%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold Corp<\/a> -5.8%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy<\/a> -3%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/BB-T\">BlackBerry<\/a> +6.37%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify Inc.<\/a> +3.12%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/CGX-T\">Cineplex Inc<\/a> +3.63%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/BLX-T\">Boralex Inc.<\/a> +5.55%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Brian Madden, including Bank of Nova Scotia (A Top Pick Jan 09\/19, Up 8%) Get Premium to receive all past top picks opinions a few hours before market open. Record Covid [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-206560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/206560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=206560"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/206560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=206560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=206560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=206560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}