The first trading day of the new year saw stocks rise in the United States. This is despite the fact that Covid cases have surpassed epidemic highs from the previous year…
Tesla (TSLA) stock rose as much as 13.6% in the first two days of trading. This move came after the company's 2021 vehicle deliveries topped expectations.
To put that in perspective, Tesla's stock increased about 50% last year.
That's almost double the S&P 500's 29 percent gain in 2021, the index's third consecutive year of gains.
The Dow and Nasdaq both had three-year winning streaks as well. The Dow rose 18.7% while the Nasdaq finished 21.4% higher on the year.
The yield on the 10-year Treasury note also rose above 1.5%.
Now, the clock starts ticking on a quarter that might see the first Fed interest rate hike since 2018.
In fact, the Fed will issue the report from its December meeting later today (Jan 5).
Today, we’ll also see the release of the ADP's December report on hiring at U.S. businesses.
Tomorrow, we’ll get the weekly initial jobless claims data. And on Friday, we have the government’s employment report for December.
With all that, here are 5 stocks you can trade to kick your new year off right…
Piper Sandler upgraded McDonald's (MCD) from “neutral” to “overweight.” The investment banking company indicated the food chain's capacity to meet rising demand for drive-through and increased demand for chicken and hamburger choices. On Monday, McDonald's stock dipped and now it’s back up for the new year.
Nike (NKE), climbed marginally in premarket trading on Monday after Guggenheim named it its “best idea” for 2022. In 2022, Guggenheim will be keeping a close eye on Nike's involvement in the metaverse. The stock is down about 2% to start the new year and could present a good buying opportunity soon.
For months, Whitney Tilson has been investigating a controversial new technology… one that might already be in your home. He also reveals a surprising way this tech could make people rich in the coming months.
PayPal (PYPL) rose nearly 4% in its first day of trading in 2022 after BMO upgraded the payment firm to “outperform” from “market perform” based on its current value. The stock slightly dipped since then, but is still up and off to a good start the new year.
Goldman Sachs named Advanced Micro Devices (AMD) as one of many semiconductor stocks as “high recommendations.” On its first day of 2022 trading, AMD was up nearly 5%. Goldman’s other “best picks” included Marvell Technology (MRVL) – which was up 3.3% on day one. And Micron Technology (MU), which is up 4.3% to start the new year.
Last, but certainly not least, we have Callaway Golf (ELY). Compass Point designated Callaway Golf (ELY) a “great pick,” stating that Callaway is on an “operational roll” with growth predicted across all of its segments in 2022. The stock rose as much as 3% to start the new year and is now back down to even. The resurgence in golf since the start of the pandemic is a clear boon for this stock in 2022.
Where to Invest $25 Today
7 out of 10 of the world’s largest banks publicly announced they’re working on tokenization.
The Chairman of the S.E.C. says “Door wide open to tokenization.”
And according to tech legend Jeff Brown, it will take:
“Real estate, art, collectible cars, jewelry, and gemstones…
…and turn them into digital tokens.”