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Devesh Mishra, a former executive at Amazon.com Inc., has joined Deliveroo Plc as chief product and technology officer, assisting with the company's expansion goals in the UK. The company's stock has been gaining ground in recent weeks after plummeting following its IPO in March. On Monday, they gained 4.5% after they bought a 5.1% investment in the company as a vote of confidence. Source: Bloomberg

There has been 187 US equity trading days from November 1st to today. This was the start of positive vaccine developments. Since November 2020, there have been +$837 Billion worth of global equity inflows in 40 weeks. This is +$21B worth of inflows every week or +$4.2B worth of buying per day. Source: The Market Ear

Kuaishou Technology rallied as much as 9.5% to lead gains in the Hang Seng Tech Index and halt a five-day slide. The short-video app’s stock plunged by a record last week after an influential state-backed newspaper urged tighter regulation of internet video content, and as share lockups expired for some investors. Food delivery giant Meituan surged as much as 7.4% while sector bellwether Tencent Holdings Ltd. jumped 5.2%. Source: Yahoo/Bloomberg

A BoA report stated that, ''While we appreciate TripAdvisor’s new initiatives and see a likely second half travel recovery ramp in Europe as beneficial, we will pay close attention to updates on Plus product traction in the coming quarters. However, we see Trip’s recovery trailing other travel sector stocks and are concerned on longer-term competitive setbacks. We reiterate our Underperform rating and maintain our PO of at $23 on unchanged 17x ’22 EPS. We lower our 2021-22E ests to reflect higher opex.''

A stock is considered to be oversold if its RSI reading falls below 30. This was the case for Humana, an American health insurance company, when it hit an RSI of 29.1 at the end of last Friday at closing. A bullish investor could look at HUM's 29.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Source: Forbes