— Shares of American Express jumped 3.5% in midday trading after JPMorgan issued an upbeat note on the payments company and advised investors to buy the stock. The brokerage said expectations for a rebound in consumer spending and better year-over-year revenues will likely bode well for American Express into the spring as Americans start to book travel plans and the Covid-19 vaccine is distributed.
– Shares of GameStop jumped another 19% on Tuesday, following a 100% advance last week. The rally in the video game company was first triggered by news last week that Chewy co-founder and former CEO Ryan Cohen is joining the company's board. A rush of short covering also contributed to the remarkable as GameStop was the most-shorted stock in Russell 3000 with 144% of its float sold short, according to Bespoke Investment Group.
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