Of the 275 companies in the S&P 500 that have reported earnings so far, only 67% have beat expectations while almost 29% have missed , according to Refinitiv.
But some experts are still hopeful: “The market is clearly looking beyond the current quarter,” and while a lot of bad news has come out, “none of this was a surprise,” says Chris Marangi, co-chief investment officer at Gamco. “I have more confidence in the rally today than I would have before we got incremental data from a lot of companies during earnings season,” he says.The coronavirus market sell-off, which began February 19th through to the low on March 23, was the fastest drop of more than 30% on record for the S&P 500. Then, markets rallied through April, making it the shortest bear market on record at just 33 days.
in a recent note. With the “dual benefits of record monetary and fiscal stimulus helping to bridge those most impacted by COVID-19,” the firm expects “a much stronger economy later in 2020.”
Current NEEDs like food and clothes next tourism
$TSLA Sue Elon Musk & make him pay fine equivalent to market cap drop from the tweet time to low of the day. Irresponsible idiots tweeting with impunity should be arrested and prosecuted for manipulation of stocks, people minds, for causing wild gyrations in stock market. Tesla
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Source: Reuters - 🏆 2. / 97 Read more »
Stocks rally on treatment hopes, currencies await ECBAsian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day. FUNNY COFFIN DANCE MEME | Funeral Dance Meme | astronomia memes SPLENDORDIARY: FUNNY COFFIN DANCE MEME | Funeral Dance Meme | astronomia memes
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Asian stocks set to track U.S. gains as virus treatment hopes lift confidenceAsian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices. boycottChineseProducts Ahhh dirtychina managed to take over a pharmaceutical company that doea remesidivir? Srole the IP now magically WHO will say its.the cure boycottchina makechinapay punishchina
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Source: CNBC - 🏆 12. / 72 Read more »