Heatmap Friday 27th Jan 2023

The whales are out playing stocking the market up before the wind is taken out of the sails on the day of the FED meeting. 

Check out today’s heat map:

5 of 11 sectors closed green. Consumer discretionary (+2.28%) led, and energy (-2.01%) lagged. 💚

Electric vehicle stocks soared today as investors continued to digest Tesla’s earnings report. Additionally, Saudi Arabia fund takeover speculation sent Lucid Motors up as much as 100% at its highs before settling at +43%. ⚡

Consumer products giant Colgate sunk 5% despite earnings beating expectations. Like its competitors, it appears to be facing significant margin pressure even as it raises prices. 🪥