Shares of Nasdaq (NDAQ) continue to fly under the radar in 2020, despite significantly out-performing the broader financial sector, particularly since the pandemic-induced market selloff that began in late March.
he dichotomy between U.S. and non-U.S. equity markets this morning reflects the continued increase in new coronavirus cases and fresh lockdowns in Europe while U.S. equities are once again trading on hopes that some sort of U.S. fiscal stimulus agreement can be reached
Despite the continued climb in global coronavirus cases, futures once again reflect the hope that a fiscal stimulus deal will be reached sooner than later.
The stock market’s strong rally from the March lows has indisputably been driven by Big Tech. But how much higher can we go, particularly amid the pandemic?
While readers may have been hoping for a quiet weekend to rest and get ready for the surge in quarterly earnings reports next week, we’re sad to say there will be some developments that will likely shape how global equities start next week.
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic.
Investors across the globe are grappling with the news that European governments are tightening restrictions to battle an accelerating second wave of the COVID-19 virus, and hopes for a U.S. fiscal stimulus package before the 2020 presidential election continue to fade.
Drugstore chain Walgreens Boots Alliance Inc said on Thursday it expects profit to grow in single digits in 2021 after posting a better-than-expected fourth-quarter profit, helped by higher sales at U.S. pharmacies.
Weighing on equities is the growing realization that the recent ping-pong negotiations make a new COVID-19 fiscal stimulus package look increasingly less likely before the 2020 presidential election.
Bank of America Corp reported a 15.8% drop in quarterly profit on Wednesday, hit by higher provisions for credit losses and a slump in performance in three of its four chief segments.
Although Wells Fargo (WFC) has had its own legacy issues prior the pandemic, the situation has magnified the deficits it has had to deal with in terms of its own recovery.
You would be hard-pressed to find a bank that is executing better than Bank of America (BAC), which has beaten earnings estimates in fourteen straight quarters.
Investors have a full plate ahead of them today that includes a helping of corporate earnings as the September quarter earnings season gets underway and the two high profile events that are Apple’s (AAPL) “Hi, Speed” event and Amazon’s (AMZN) 2020 Prime Day event.
JPMorgan Chase (JPM), the nation’s largest bank by deposits and revenue, is set to report third quarter fiscal 2020 earnings results Tuesday before the opening bell.
The following companies are expected to report earnings prior to market open on 10/08/2020. Visit our Earnings Calendar for a full list of expected earnings releases.
In theory, Q3 earnings should be important as it was the 'recovery' quarter, when businesses bounced back from the shutdown in March. However, if you look at what the market is responding to, it seems that Q3 earnings will be irrelevant.
Martin Tillier
Checked
16 minutes 16 seconds ago
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