Be in the know. 20 key reads for Thursday…

  1. Wells Fargo stock extends surge after Wall Street’s lone bear said it’s no longer a sell (MarketWatch)
  2. Mercedes Owner Daimler Says Profit Surged 48% in 2020 on High Demand for Premium Vehicles, Will Spin-Off and List its Daimler Truck Division (StreetInsider)
  3. VIX Outlook ‘Less Controversial’ Going Forward After Dipping Below 20 for the First Time in 255 Days – UBS (StreetInsider)
  4. Hedge funds, Robinhood face grilling by Congress over GameStop Reddit rally (StreetInsider)
  5. U.S. weekly jobless claims unexpectedly rise (Reuters)
  6. Food Prices Continue to Rise. Expect Bigger Grocery Bills. (Barron’s)
  7. GE CEO Larry Culp Is Talking About 2021. Cash Flow Is the Key. (Barron’s)
  8. U.S. Retail Sales Rose Strongly on Stimulus in January (Wall Street Journal)
  9. Should AT&T Or Verizon Try To Acquire Nokia In 2021? (Yahoo! Finance)
  10. Dogecoin Has a Top Dog Worth $2.1 Billion (Wall Street Journal)
  11. Oil Prices Are Up, but Frackers Stay on the Sidelines—for Now (Wall Street Journal)
  12. Wells Fargo’s $8 Billion Question: How to Slash Costs Without Angering Regulators (Wall Street Journal)
  13. McLaren’s $258,000 Hybrid Boasts Blazing Speed (Bloomberg)
  14. U.S. Housing Starts Fell in January for First Time Since August (Bloomberg)
  15. Music Mogul Buys Beach Boys Songs, Calling Band ‘Underappreciated’ (Bloomberg)
  16. Bob Pisani explains how ‘payment for order flow’ works (CNBC)
  17. Walmart shares fall on earnings miss, retailer sees sales growth slowing (CNBC)
  18. How Lamborghini learned to love the SUV (CNBC)
  19. No Pandemic Sugar Rush for Nestlé (Wall Street Journal)
  20. Robinhood heads to the Hill: What to watch at the Congressional hearing (Financial Times)