What did Monday’s stock meltdown tell us? Investors haven’t come to grips with a second/third COVID-19 wave, and pre-election stimulus hopes are all but gone. Tuesday may show us how much more Band-Aid-ripping there is to do for markets.
She had pegged the beverage giant as one that had great momentum heading into the crisis, and while 2020 has been tough, “recent organization and brand portfolio changes should unlock sustainable profit growth in the long term.” Coke shares are down 10% year to date though — it delivered an earnings beat last week and has been moving away from costly bottling operations.
But as government support tapers off, the pair expects consumer companies will focus on efficiencies, affordability, and investment in entry level brands. The analysts think e-commerce has been a “game-changer,” and companies with “strong ESG [environmental, social and corporate governance] credentials” will likely outperform.Stock futures YM00, -0.49% YM00, -0.49% are gathering strength, while European equities SXXP, -0.94% struggle.Shares of tractor-maker Caterpillar CAT, -3.
Away from Wall Street, investors cheered results from banking giant HSBC HSBC, +3.59% and energy group BP BP, -2.12%. Join Barron’s Investing in Tech on Thursday at 1 p.m. for an inside view of 5G from Jeff McElfresh, AT&T Communications Chief Executive, plus an outlook for initial public offerings and special-purpose acquisition companies from Kathleen Smith, chairman of Renaissance Capital. Register here.Patrick Reid, co-founder of Adamis Principle, which provides foreign exchange education and macro global insights, flags a “worrying” rise in 10-year U.S. Treasury yields TMUBMUSD10Y, 0.
this is terrible news
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »