Diamonds and Dogs

1/21/21

Ford (F) trading at a two-year high. The automaker is up 5% today and up 35% in the last month as investors get more enthusiastic about their electric vehicles, including its flagship F-150 pickup. CNBC's Jim Cramer also gave it a favorable mention.

Oil stocks taking a hit. Chevron (CVX) is down 3% following a downgraded at Jefferies with a $98 target. The sector is lower as new President Biden suspends oil and gas leasing on federal lands and revoked the Keystone pipeline permit. The ironic thing is demand for oil should surge in the coming year as the economies reopen.

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