More movement on U.S.-China trade talks and continued virus hopes are giving a positive nudget to markets for Tuesday.
“I really don’t think people realize that earnings growth and the trending revisions have really broadened out,” DeSanctis tells MarketWatch. “They’re still very focused on the work-from-home theme and those stocks that have the best balance sheets, that have revenue growth. For starters, he’s looking closely at mergers and acquisitions. “I think other companies are going to call into question why they’re public, so we’re starting to see early signs of M&A activity pick up similar to what we saw in 1999 or 2000,” he says, adding that this could boost small-cap stocks, cyclical and value names.
The market Dow YM00, -0.21%, S&P ES00, +0.01% futures are higher, but those for the Nasdaq NQ00, -0.15% have just tilted south, though European stocks SXXP, +0.04% are still in the green. In Asia, markets finished mostly higher.
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Source: CNBC - 🏆 12. / 72 Read more »