rose more than 1% in premarket trading on Monday after BMO upgraded the stock to "outperform" from "market perform." "We expect our mega-caps to be popular upon rebound, and we think there are important relative fundamental differences that nudge GOOGL into Outperform territory," BMO analyst Daniel Salmon said in a note on Monday.
Goldman said sharp bounces like last week's are common during bear markets. During the financial crisis, the S&P 500 experienced six bounces of 9% or more between September and December 2008, with some rallies as large as 19%. However, the actual market bottom did not occur until March 2009, Kostin said.President Donald Trump announced Sunday that the social distancing guidelines from the Centers for Disease Control and Prevention have been extended until April 30.
Investors cheered the $2 trillion stimulus package aimed at combating the coronavirus-induced economic slowdown, as well as actions from the Federal Reserve, which include an open-ended asset-purchase program. But volatility remains the name of the game. Some Street strategists say the bottom is in, while others believe stocks are in for more pain ahead as the worldwide economic impacts of the pandemic continue to reverberate. The United States now has the greatest number of coronavirus cases worldwide, and on Sunday night President Donald Trump said he was extending the national social distancing guidelines to April 30.
keythweiss who wants to talk about it but history says if we don't get up and running as fast as we can...….banks will close. When did history become silent?
America will not be America like before Under this IDIOT
So, Warren Buffett sold airlines and banks?
Time for some MAX PAIN
Tell that to the house dems who loAded the stimulus bill with pork! That money could have been better spent.
But you don't help and say who to buy?
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Source: CNBC - 🏆 12. / 72 Read more »