For Martin Luther King Day, the U.S. treasuries were closed yesterday. In the meantime, on Wednesday, the Americans are waiting for the unveiling of Joe Biden. In the run-up to that time, a $1900 billion corona support plan was already revealed. Janet Yellen, Minister of Economy, also accepts. The former Fed Chairman suggests that a massive boost can be used to generate the existing low-interest rates.

The future of New York is now pointed to a higher start. The S&P future is 0.48% higher and the Nasdaq trading is even 0.80% higher. The annual findings of Bank of America and Goldman Sachs will be revealed this afternoon at 1 p.m. It’s the turn of Netflix after the closure at 10:00 PM. In the fourth quarter of 2020, JPMorgan Chase analysts plan to welcome 6 million users on the subscription site.

Today Top Movers

DBV Technologies (DBVT), a biotechnology company, rose about 37.99% ‎at $7.81 in pre-market trading Tuesday after it declared the receipts of written responses from the FDA to the question asked for the ‎Type A request the company submitted in Oct 2020.

Gevo Inc (GEVO) share price climbed 39.22% to $8.91 during early morning ‎trading session on Tuesday.‎ The company will participate in Water Tower Research Fireside Chat Series on Thursday, January 21, 2021 at 3:00 pm EST.

Nio Inc (NIO) stock escalated 4.37% at $58.73 in the pre-‎market trading today after declaring the closing of US$1.5 billion convertible senior notes.

Castor Maritime Inc (CTRM) hiked over 8.10% at $0.36 in pre-market ‎trading on Tuesday.‎

Top Upgrades & Downgrades

KeyBanc turned bullish on Facebook Inc. (FB), upgrading the stock to “Overweight” and assigning a $345.0 price target, representing a potential upside of 29.3% from Friday’s close.

Darden Restaurants Inc. (DRI) has won the favor of Morgan Stanley’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $142.0, suggesting 17.23% additional upside for the stock. 

Arch Capital Group Ltd. (ACGL) received an upgrade from analysts at JMP Securities. They changed their rating on ACGL to Market Outperform from Market Perform in a recently issued research note. 

Earlier Tuesday BofA reduced its rating on Acadia Realty Trust (NYSE: AKR) stock to Neutral from Buy and assigned the price target to $17.50. 

BofA analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Premier Inc (NASDAQ: PINC) has been changed to Underperform from Buy and the new price target is set at $36. 

Analysts at BofA downgraded Cerner Corporation (NASDAQ: CERN)’s stock to Underperform from Buy Tuesday.

Latest Insider Activity

TransEnterix Inc. (TRXC) Director Milne David Bruce announced the sale of shares taking place on Jan 15 at $2.10 for some 147,058 shares. The total came to more than $0.31 million.

Inovio Pharmaceuticals Inc. (INO) CFO KIES PETER sold on Jan 15 a total of 119,290 shares at $10.02 on average. The insider’s sale generated proceeds of almost $0.3 million. 

Amicus Therapeutics Inc. (FOLD) Director WHITMAN BURKE W declared the purchase of shares taking place on Jan 04 at $23.17 for some 1,500 shares. The transaction amount was around $34755. 

C.H. Robinson Worldwide Inc. (CHRW) Director SHORT BRIAN bought on Jan 04 a total 21,843 shares at $93.58 on average. The purchase cost the insider an estimated $5,159.

Important Earnings

Top US earnings releases scheduled for today include Bank of America Corporation (NYSE: BAC). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.55 per share from revenues of $20.68B in the three-month period.

Analysts expect Halliburton Company (NYSE: HAL) to report a net income (adjusted) of $0.15 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.21B.

Netflix Inc. (NFLX), due to announce earnings after the market closes today, is expected to report earnings of $1.39 per share from revenues of $6.63B recently concluded three-month period.