Stocks soared on Monday morning amid retreating bond yields, progress on the administration's stimulus plan, and vaccine optimism. Over the weekend, the FDA authorized Johnson & Johnson's one-shot COVID vaccine for emergency use, with the company planning to deliver 20 million doses by the end of March. The Dow rose 2.1%, the S&P 2.1%, and the Nasdaq 2.2%. Crude oil traded near $61.50 per barrel, while gold rose $10 to $1739 per ounce.

This edition features winners and losers after Texas storm; Airbnb's prospects for a travel rebound; Workday approaching our fair value; and notes from Public Storage, Palo Alto Networks, and Republic Services.

Stocks rallied on Wednesday morning as investors awaited results from the Georgia Senate runoff elections, which will likely give Democrats control of the chamber. On the economic front, the Commerce Department said that factory orders rose 1.0% in November, compared to the consensus for a 0.7% rise. The Dow rose 1.5%, the S&P fell 1.0%, and the Nasdaq 0.3%. Crude oil traded above $50 per barrel as Saudi Arabia agreed to cut oil production by one million barrels per day. Gold fell $45 to $1909 per ounce.