Stock market activity was mostly flat today, with the Dow shedding -398 points and the S&P 500 finishing -13 points. Moderna’s approval of a Covid-flu hybrid vaccine sent shares up +17%. Nasdaq and Russell 2000 also dipped -0.1%. Economic data showed growth in new home sales, while the U.S. budget deficit improved slightly.

Q4 earnings for big banks like Citigroup, Bank of America, and Wells Fargo are expected to bring earnings growth of +23%, +15.8%, and +17% respectively. Wednesday’s economic reports include the Producer Price Index and Retail Sales. A satellite-based communications firm is highlighted as a top stock pick set for potential growth.

Analysts predict a trillion-dollar industry for a satellite-based communications firm, with projected revenue growth in 2025. Other top stock picks have seen significant gains recently. Wednesday’s economic reports include Producer Price Index, Retail Sales, Existing Home Sales, Business Inventories, and Fed’s Beige Book.

Read more at Nasdaq: Markets Book Profits as Q4 Earnings Season Gets Rolling