NewsWatch: Amid the GameStop-led frenzy, Jefferies says ‘plenty of air’ to come out of riskier assets. Another strategist says wait to buy the dip

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MARKETWATCH FRONT PAGE

Markets are buckled into the fighting chair as another day of the retail-led feeding frenzy on shorted stocks is about to come online. See full story.

How will this wild GameStop saga end? The ghosts of trading catastrophes past offer clues

Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers question who, exactly, is getting played. See full story.

Apple justifies its huge valuation, while Tesla … not so much

Wednesday’s financial results demonstrated the difference in two of the most popular stocks in America: Apple Inc. and Tesla Inc., with the iPhone maker proving it is worthy of its whopping valuation, while the electric car maker, not so much. See full story.

GameStop and AMC trading now restricted by TD Ameritrade and Schwab

At least one major brokerage house is starting to respond to a frenetic surge in the price of shares of companies that has been attributed to rabid buying by individual investors on social-media platforms. See full story.

How to trade the Biden era? Bank strategist gives 3 stock-market picks

In his first week in office, President Joe Biden has signed executive orders that touch on climate change, the COVID-19 pandemic, economic relief and more. Banks have been thinking it all over — including how to make money from his policies. See full story.

MARKETWATCH PERSONAL FINANCE

The 2021 Lexus RX 350 and hybrid RX 450h remain two of the most desirable luxury midsize SUV/crossovers. See full story.