👑 Big Bet

If you bet on the king, you best not miss. Plus, Chipotle's new all-time highs.

Goooood Evening Zingers! Hope you had an uncharacteristically relaxing Monday, cause it only gets crazier from here. This week, earnings will come in from a few companies you may have heard of: Amazon, Apple, Google, Meta, Microsoft, AMD, Starbucks, and Boeing, to name just a few.

It’s impossible to predict how the market will move, but I’m calling my shot now: It’s not going to stand still. I know right? I’m practically Nostradamus.

Today’s Price Action:

$SPY: +.79%
$QQQ: +1.02%
$DIA: +.58%

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TODAY’S MOST VOLATILE STOCKS
ONE TOP MOVER

Briefly: One analyst is betting DraftKings stock is going to move higher after its next earnings report.

So Basically: Bank of America analyst Shaun Kelly is bullish on DraftKings, with a buy rating and price target of $45.

His Spin: DraftKings is getting set to report its Q4 earnings days after the Super Bowl, on February 15. Kelly expects strong numbers, and a potential guidance raise as well.

My Spin: I may or may not have contributed disproportionately to the company’s earnings. (Don’t ask how my Detroit Lions parlay went.) But hey, maybe I’ll make it back by playing the stock on the long side. After all, I have inside knowledge of at least one customer’s “donations” to the app.

PRESENTED BY GROUNDFLOOR

At 20% of the U.S. population, Generation Z is beginning to reshape the world of finance, shifting away from traditional investments and toward alternatives like real estate, artwork and cryptocurrencies. 

This shift is primarily driven by their financial realities: living paycheck-to-paycheck and seeking financial independence rather than more traditional markers of wealth. 

Groundfloor is tapping into this trend by offering fractional real estate investments, aligning with Gen Z's preference for accessible, technology-driven options.

For more insights into Groundfloor’s role in advancing alternative investments, visit their website. Benzinga readers earn a free $50 credit.

FIVE MOVERS

Coinbase shares closed up more than 5% today amid strength in Bitcoin, Ethereum and other cryptos.

Nikola stock moved higher in today’s session, finishing the day up more than 10% following a bullish report from CleanTechnica.

Super Micro Computer shares continued to go from “micro” to “super”, soaring higher after the close following a strong earnings report.

Cardlytic stock closed up more than 25% today after the company resolved a litigation issue with SRS.

iRobot stock took a big hit today after Amazon’s acquisition of the Roomba maker was officially called off.

ONE TRADE IDEA FOR TOMORROW
life lol GIF by Chipotle Mexican Grill

Briefly: While we’re on the topic of companies I’ve made disproportionate contributions to…

What Happened: Chipotle’s stock hit new all-time highs today, reaching more than $2,400 a share. That’s a lot of burritos.

Why Now: Analysts have been getting a little more bullish on $CMG as we head into the company’s earnings report next week. Some price targets are as high as $2,800 a share.

Why It Matters: Chipotle has been able to transfer the weight of higher costs to its consumers by raising prices without losing customers. If Chipotle can show strong growth like analysts expect, the stock could move even higher.

PRESENTED BY GROUNDFLOOR

At 20% of the U.S. population, Generation Z is beginning to reshape the world of finance, shifting away from traditional investments and toward alternatives like real estate, artwork and cryptocurrencies. 

This shift is primarily driven by their financial realities: living paycheck-to-paycheck and seeking financial independence rather than more traditional markers of wealth. 

Groundfloor is tapping into this trend by offering fractional real estate investments, aligning with Gen Z's preference for accessible, technology-driven options.

For more insights into Groundfloor’s role in advancing alternative investments, visit their website. Benzinga readers earn a free $50 credit.