{"id":215919,"date":"2021-03-09T19:16:28","date_gmt":"2021-03-10T00:16:28","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=215919"},"modified":"2021-03-10T07:27:31","modified_gmt":"2021-03-10T12:27:31","slug":"tech-roars-back-2","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-roars-back-2\/","title":{"rendered":"Tech roars back"},"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\/1361\/Jason-Mann\">Jason Mann<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/442\/ERF-T\"><span class=\"company-name\">Enerplus Corp<\/span><\/a> (<strong>A Top Pick May 10\/19, Down 75%<\/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>A day after a massive sell-off, tech stocks roared back Tuesday to recover those losses. The Nasdaq surged 3.69% after touching 4% during the day. The megacaps bounced back: <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> 3.76%, <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> 4.06%, <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a> 6.18%, <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> 4.09% and then there was <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a>, rocketing 19.64%. FAANG helped lift the S&amp;P by 1.42%, though the Dow was flat.<\/p>\n<p>Industrials and financials lagged, including <a href=\"https:\/\/stockchase.com\/company\/view\/117\/AXP-N\">American Express<\/a> down 3.44% while <a href=\"https:\/\/stockchase.com\/company\/view\/369\/DIS-N\">Disney<\/a> gave back 3.66% of its recent gains. The U.S. 10-year treasury yield slipped from 1.6% to 1.533% which fueled the tech rally. Smallcaps also launched a comeback as the Russell 2000 climbed 1.91%. Meanwhile, the so-called Reddit rally resumed as <a href=\"https:\/\/stockchase.com\/company\/view\/3512\/GME-N\">GameStop<\/a> jumped 27% to send GME to nearly $247.<\/p>\n<p>The TSX enjoyed gains that were less dramatic, up 0.77%. Tech and materials jumped while telcos slid. The biggest gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a>, up nearly 12%, <a href=\"https:\/\/stockchase.com\/company\/view\/4321\/ROXG-T\">Roxgold<\/a> and <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power<\/a> both up 11%, <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">Blackberry<\/a> rising 7%, and <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed<\/a>, which popped 9.4%. However <a href=\"https:\/\/stockchase.com\/company\/view\/206\/CAE-T\">CAE<\/a> plunged 7.88% and <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin<\/a> badly missed reported revenues and slid 6%. The price of WTI retreated 1.5% and WCS slipped 1.3% to pressure oil stocks. Gold shone by 2% and <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> shimmered at 5%. It&#8217;s too early to say if the rotation out of tech is over or if this is a one-day bounce.<\/p>\n<p>&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> +3.76%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +4.06%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> +6.18%<br \/>\n&#x1f575;&#xfe0f;&#x200d;&#x2642;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/4277\/FB-Q\">Facebook<\/a> +4.09%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +19.64%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/117\/AXP-N\">American Express<\/a> -3.44%<br \/>\n&#x1f478; <a href=\"https:\/\/stockchase.com\/company\/view\/369\/DIS-N\">Walt Disney<\/a> -3.66%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/3512\/GME-N\">GameStop Corp.<\/a> +27%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> +12%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/4321\/ROXG-T\">Roxgold Inc<\/a> +11%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/company\/view\/155\/BLDP-T\">Ballard Power Systems<\/a> +11%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> +7%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +9.4%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/206\/CAE-T\">CAE Inc<\/a> -7.88%<br \/>\n&#x267b; <a href=\"https:\/\/stockchase.com\/company\/view\/1132\/SNC-T\">SNC-Lavalin Group Inc.<\/a> -6%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> +5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Jason Mann, including Enerplus Corp (A Top Pick May 10\/19, Down 75%) Get Premium to receive all past top picks opinions a few hours before market open. A day after a [&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-215919","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\/215919","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=215919"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/215919\/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=215919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=215919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=215919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}