General Motors Co. (NYSE: GM) Hooks Up With

General Motors Co. (NYSE: GM) shares rallied nearly 10% after the company entered into a long-term strategic relationship with Microsoft Corp. (Nasdaq: MSFT) to accelerate the commercialization of self-driving vehicles. As part of the relationship, Microsoft will join General Motors, Honda Motor Co. (NYSE: HMC) and institutional investors in a combined new equity investment of more than $2 billion in GM’s Cruise vehicles, bringing the post-money valuation to $30 billion.

 

Ford Motor Co. (NYSE: F) Breaks Out

Shares of Ford Motor Co. (NYSE: F) broke out to a fresh 52-week peak following a price target upgrade to $11 from $9. The analyst kept a Hold rating on the shares and sees strong volume growth in 2021 for U.S. autos helped by easy compares, low inventories, and coronavirus-induced demand for comfort, privacy and protection.
 

GameStop Corp. (NYSE: GME) Zooms 51% on Short Squeeze

Shares of GameStop Corp. (NYSE: GME) zoomed 51% following a trading halt as short-sellers continue to get hammered. The short interest in GameStop reached 138% of the shares available for trading last week, and continues to drive the stock up for its massive short squeeze.

 
The company recently stated its holiday sales were down 3.1% but shares still rose a stunning 100% last week and were primed for a short squeeze, in which short sellers faced with high borrowing costs and accumulating losses are forced to buy shares to cover their bearish bet.
 

NextOptions.com Index and Earnings Options Play List for 1/25/2021

Before the open: Bank of Hawaii (BOH), Cadence Bancorporation (CADE), Kimberly-Clark (KMB), OFG Bancorp (OFG)

 
After the close: AGNC Investment (AGNC), Boot Barn Holdings (BOOT), Covenant Logistics Group (CVLG), Crane (CR), Flexsteel Industries (FLXS), Graco (GGG), H.B. Fuller Company (FUL). Hexcel (HXL), J & J Snack Foods (JJSF), ServisFirst Bancshares (SFBS), Steel Dynamics (STLD), WSFS Financial (WSFS), Xilinx (XLNX), Yamana Gold (AUY)

Diebold Nixdorf Inc. (NYSE, DBD) Surges 17% on Upgrade

Shares of Diebold Nixdorf Inc. (NYSE, DBD) surged nearly 17% after an analyst upgrade to Overweight from Neutral with a price target of $16, up from $10. The analyst said Diebold is a “deep value stock” and upgraded the shares ahead of a product ramp in the second half of 2021. Additionally, they see continued strong demand for self-checkout solutions and improving quality of earnings.
 

BlackBerry Ltd. (NYSE: BB)

Shares of BlackBerry Ltd. (NYSE: BB) rallied 8% after the company said it has settled the disputes over patent royalties against Facebook Inc. (Nasdaq: FB) for terms that weren’t disclosed. BlackBerry had sued Facebook in 2018 in a fight over messaging patents and was then countersued over patents for voice messaging technology.