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Crazy. Markets closed down 2% in New York and Toronto to end a week like no other. To no surprise, the Reddit short squeeze continued to propel underdog stocks like GameStop<\/a>, which soared another 69% in a wild session, but trading platforms limited volumes to a quarter of previous sessions. AMC<\/a> leapt almost 55%, but Bed Bath & Beyond<\/a> rose only on 5% as the euphoria settled with this name. Similarly, BlackBerry<\/a> on the Toronto and New York exchanges suffered “only” a 4.57% and 3.55% decline.<\/p>\n Volumes doubled at points this week. Tech heavyweights took hits as Wall Street suffered its worst week since October. Apple<\/a> dropped 3.74% Friday, despite issuing a blow-out quarter this week. Stay-at-home favourite Home Depot<\/a> slid 2.6%. The TSX slipped 2.84% for the week, but volumes were more or less average. All Toronto sectors, like the Dow, saw declines. Mining names were again the biggest gainers: Mag Silver<\/a> 9.13% and First Majestic Silver<\/a> 6.81%, for example. However, big cannabis like Aurora<\/a> shed 5%.<\/p>\n The shorts squeeze nearly overshadowed several advances on the vaccine front. Novavax reported that its drug is 89.3% effective<\/a> and 86% against the new U.K. Covid variant. Johnson & Johnson’s vaccine actually scored lower in effectiveness compared to Pfizer’s and Moderna’s, but JNJ<\/a>‘s requires only one shot and can be stored at higher temperatures more easily. Also, JNJ’s shot is 85% effective against \u201csevere\u201d strains now circulating. Note: Both Novavax and JNJ results are phase 3 and need to be confirmed by medical authorities and governments before they go into arms. NVAX<\/a> shares rocketed nearly 65%, but JNJ<\/a> slipped 3.56%. Though the investing world continues to buzz about the shorting, many were in fact relieved that the week’s selling has reduced frothiness in stocks, and see more volatility ahead.<\/p>\n 🎮 GameStop Corp.<\/a> +69% This week, you missed Past Top Picks comments by Lorne Steinberg, including Cisco (A Top Pick Jan 31\/19, Up 1%) Get Premium to receive all past top picks opinions a few hours before market open. Crazy. Markets closed down 2% […]<\/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-209744","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\/209744","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=209744"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/209744\/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=209744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=209744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=209744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🎞 AMC Entertainment Holdings Inc.<\/a> +55%
\n🛏 Bed Bath & Beyond<\/a> +5%
\n📱 BlackBerry<\/a> -3.55%
\n🍎 Apple<\/a> -3.74%
\n🛠 Home Depot<\/a> -2.60%
\n🥈 Mag Silver Corp<\/a> +9.13%
\n🥈 First Majestic Silver<\/a> +6.81%
\n🌿 Aurora Cannabis<\/a> -5%
\n💉 Novavax Inc<\/a> +65%
\n💉 Johnson & Johnson<\/a> -3.56%<\/p>\n","protected":false},"excerpt":{"rendered":"