{"id":209285,"date":"2021-01-27T18:17:23","date_gmt":"2021-01-27T23:17:23","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=209285"},"modified":"2021-01-27T18:17:23","modified_gmt":"2021-01-27T23:17:23","slug":"stocks-sell-shorts-squeezed","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-sell-shorts-squeezed\/","title":{"rendered":"Stocks sell, shorts squeezed"},"content":{"rendered":"

It was a wild Wednesday. Sentiment turned negative Wednesday as stocks sold across the board in New York and Toronto. All sectors of the S&P and nearly the entire TSX (except tech) closed negative. There wasn’t a particular catalyst, though profit-taking and vaccine and Covid worries endure. In their worst session in three months, the American indices plunged over 2% with the Nasdaq falling as low at -2.61%. Materials, consumer discretionary and healthcare especially lagged. L Brands<\/a> closed -12.7%, Xilinx<\/a> -7.29% and Netflix<\/a> -6.88%. The negativity was so strong that Microsoft<\/a>, which beat earnings late Tuesday and popped 4% after hours, closed only 0.25% Wednesday.<\/p>\n

The TSX lost 1.98% as Barrick Gold<\/a> slid 4.85%, CNQ<\/a> fell 3.01% and Goodfood Market<\/a> plunged 12.59%. Industrials and materials bore the brunt of Bay Street selling.One of the few bright spots was Blackberry<\/a>, yet again propelled by the ongoing short squeeze, orchestrated by a Reddit group. BB soared 32.42% as retail investors targeted hedge fund companies in the shorting business.<\/p>\n

Those rogue buyers rocketed Gamestop<\/a> another 135% and AMC<\/a> by 301% in a phenomenon that continues to astonish the investing world. Lest we forget, several major earnings reports were announced after the close. Facebook<\/a> beat top and bottom lines, but still slid<\/a> 5.5% after hours, Tesla<\/a> fell 4% as it missed Q4 earnings, and Apple<\/a> slipped 1% despite beating earnings.<\/p>\n

👙 L Brands Inc.<\/a> -12.7%
\n💿 Xilinx Inc<\/a> -7.29%
\n📺 Netflix Inc.<\/a> -6.88%
\nⓂ Microsoft<\/a> +0.25%
\n🥇 Barrick Gold<\/a> -4.85%
\n🛢 Canadian Natural Rsrcs<\/a> -3.01%
\n🍱 Goodfood Market Corp.<\/a> -12.59%
\n📱 BlackBerry<\/a> +32.42%
\n🎮 GameStop Corp.<\/a> +135%
\n🎞 AMC Entertainment Holdings Inc.<\/a> +301%
\n🕵️‍♂️ Facebook<\/a> -5.5%
\n🚗 Tesla Motors Inc<\/a> -4%
\n🍎 Apple<\/a> -1%<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a wild Wednesday. Sentiment turned negative Wednesday as stocks sold across the board in New York and Toronto. All sectors of the S&P and nearly the entire TSX (except tech) closed negative. There wasn’t a particular catalyst, though […]<\/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-209285","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\/209285","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=209285"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/209285\/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=209285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=209285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=209285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}