Traders are watching these stocks as an early indicator of how the economy reopening is going

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: Traders are watching these stocks as an early indicator of how the economy reopening is going Check out CNBCPro for a free trial.

They went into low gear ahead of the broader market in March, with some hitting their lows in the weeks before the market bottom on March 23.

"Our broader cyclical view of transports is unchanged: we have viewed 2020 as a likely cyclical trough for the group, a critical cyclical catalyst for domestic US freight transports," wrote Baird analysts. "The COVID-19 pandemic has clearly added incremental demand risk to the group during 2020, but historically speaking, quality freight transports tend to outperform during periods of U.S. recession.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro World economic prospects darken, rebound delayed simonting

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific stocks set to trade mixed as investors weigh U.S.-China tensions, economies reopeningStocks in Asia Pacific were set to trade mixed as investors weighed the potential impact of rising tensions between Washington and Beijing against the reopening of economies as measures to contain the coronavirus pandemic are eased.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks climb with U.S. futuresStocks in Europe and Asia gained along with American equity-index futures as investors weighed economies reopening around the world against U.S.-China tensions. The Rich People Feelings Barometer is doing great. Too bad the economy is a disaster. They catch up soon. Stocks do not reflect the economy. Hmmmm
Source: latimes - 🏆 11. / 82 Read more »