Bakkt Soars 50% on Mastercard Deal

The stock market is up again this morning and it’s at another new all-time high. There aren’t any Buy List earnings reports today but there are many other stocks reporting. Kimberly-Clark (KMB) missed earnings and the shares are down about 3%.

Bakkt Holdings (BKKT), which is backed by Intercontinental Exchange (ICE) is up 50% this morning. The company announced a partnership with Mastercard.

The Energy Sector ETF (XLE) is up 1.6% today to a new 52 week high. Tesla also reached a new high of $970 per share. I think this is going to be the most important week for corporate earnings.

There aren’t any major economic reports today, but we will get the first report on third quarter GDP on Thursday.

Posted by on October 25th, 2021 at 10:20 am


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