Key Points To Watch Out For:
- MicroStrategy shares down on cryptocurrencies drop in wake of Trump speech
- Moderna excelled by securing $590 million in funding for its bird flu vaccine
- Companies such as Ørsted and Spanish banks suffered from political decisions that impacted their operations
MicroStrategy (MSTR): Hit by backlash against cryptocurrencies
MicroStrategy shares took a hit after former President Trump’s inaugural address failed to address cryptocurrencies. This silence triggered a backlash in the cryptocurrency market, negatively affecting the company, famous for its focus on buying Bitcoin. In the premarket, the stock posted a weak performance. The move highlights how the political landscape can exert a direct influence on particular sectors, such as digital assets.
Trump Media & Technology (DJT): High activity with no relevant changes
Trump Media & Technology shares have seen high trading volume in the premarket, although the share price has remained flat. This behavior points to continued interest in former President Trump’s social media company, but also shows uncertainty among investors. The lack of price fluctuations signals a balance between supply and demand, although it is a point to watch as the political and economic backdrop evolves.
Moderna (MRNA): Funding for avian flu vaccine
Moderna got a major boost when it secured $590 million in funding from the U.S. government to boost the development of its avian flu vaccine. This announcement triggered a surge in its share price shortly before the market opened. The move positions Moderna as a leader in biotech innovation and reinforces investor confidence in its strategic projects.
Ørsted (DK:ORSTED): Problems in U.S. wind projects
The largest builder of offshore wind farms, Ørsted, suffered a significant drop in its shares after reducing the value of a major U.S. project by $1.7 billion. Moreover, former President Trump’s decision to stall approval of onshore and offshore wind projects increased pressure on the company. This event highlights the regulatory and financial challenges that companies in the renewable energy sector must face in the current context.
Santander (SAN) and BBVA (BBVA): Tariffs hit Spanish banks
Spanish banks Santander and BBVA announced falls in their shares after Trump announced his intention to impose 25% tariffs on Mexico. As both are large lenders in the country, these potential tariffs pose considerable risks to their operations and profits. This example highlights how trade tensions can negatively impact global companies with exposure to affected markets.
Benefits: Expected financial results
Several key companies, including 3M (MMM), D.R. Horton (DHI), Charles Schwab (SCHW) and regional banks such as Fifth Third Bancorp (FITB) and KeyCorp (KEY), will report financial results today before the market opens. Analysts anticipate that these reports could influence market movements in sectors such as materials, construction and financial services.
