Buy the Dip on This Blockchain Stock

The battle between Wall Street and retail investors continues to impact the market

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Schaeffer's Opening View
1/29/2021
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Stock Futures Tumble as JNJ Vaccine Data Disappoints


By: Jake Scott

Stock futures are eyeing a steep move lower this morning, after Johnson & Johnson (JNJ) announced that its one-dose Covid-19 vaccine was 66% effective overall. Futures on the Dow Jones Industrial Average (DJI) are down 165 points, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are noticeably lower as well.

The market continues to adjust to the speculative trading by retail investors. There's concern everywhere you look; the losses that could occur at commission-free brokers like Robinhood, as well as the financial fallout for hedge funds who bet against stocks like GameStop (GME). There's also fear of a larger bubble in the market that could unravel and hit retail investors hard. 

Continue reading for more on today's market, including:

  • Signal says fresh highs ahead for this blockchain stock.
  • All bulls on deck for Southwest stock after earnings.
  • Plus, BIIB soars on FDA news; Caterpillar's blowout earnings; and AMC continues to make headlines. 
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