There is hope for more stimulus as talks in D.C. take place, but that's not necessarily the focus for investors right now.
Well, perhaps not the focus on all investors as Wall Street watches the GameStop (GME) rally fizzle.
GameStop's fell below $100 a share in Tuesday's trading session, with the stock in the red--down around 36% in the past five days--ahead of the closing bell.
The stock is still up 2,200% over the past year, and investors on WallStreetBets are continuing to post "hold the line"
Then there are UPS earnings. UPS posted adjusted earnings of $2.66 a share vs. $2.11 in the comparable year-ago quarter. Analysts polled by FactSet had been expecting earnings of $2.14 a share.
UPS's fourth-quarter financial performance "exceeded our expectations," CEO Carol Tome said in a statement. "As we look past 2020 into the new year, we are optimistic."
And there's an exciting acquisition announced Tuesday morning: Uber is buying Drizly.
Uber bought Drizy for $1.1 billion. Drizly, for those unaware, is a booze delivery app.
“Wherever you want to go and whatever you need to get, our goal at Uber is to make people’s lives a little bit easier. That’s why we’ve been branching into new categories like groceries, prescriptions and, now, alcohol," said Uber CEO Dara Khosrowshahi. "Cory (Rellas) and his amazing team have built Drizly into an incredible success story, profitably growing gross bookings more than 300 percent year-over-year."
"By bringing Drizly into the Uber family, we can accelerate that trajectory by exposing Drizly to the Uber audience and expanding its geographic presence into our global footprint in the years ahead,” Khosrowshahi added.
And Cramer had some thoughts on Palo Alto Networks. Specifically, why he likes the stock.
"When the facts change, you have to change too," Jim Cramer said about his Action Alerts PLUS portfolio closing out their position in Palo Alto. "We should have gone back when it was clear that the strategy changed."
Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.