Where can you find value in the market? 'For the first time in 10 or 20 years I actually think that Europe is a place to invest and diversify your portfolio,' BlackRock CIO Rick Rieder says.
led Big Tech higher. The Nasdaq traded about 2% higher while the Dow and S&P 500 gained more than 1% each. —an already exuberant Chinese stock market, saying fostering a "healthy bull market" is important. Many strategists attributed a strong rally in Chinese markets to a front page editorial in state-owned China Securities Journal, which said investors should look forward to the "wealth effect of the capital markets." Shanghai stocks jumped 5.
on Sunday, according to a CNBC analysis of data compiled by the Covid Tracking Project. Meanwhile, the number of people hospitalized with Covid-19 grew by 5% or more Sunday in 23 states, based on a seven-day moving average, according to data compiled by theNoah Higgins-DunnThe number of New York Stock Exchange-listed names was double that of declining issues as Wall Street builds on last week's sharp gains. Overall, 1,877 NYSE stocks traded higher and 992 fell, according to FactSet data.
JPMorgan reiterated its overweight rating ahead of Levi's earnings results on Tuesday and said the company should benefit from "increased casualization" as the coronavirus continues. "Investors will be focused on product category trends and how denim has performed through COVID-19 and how mgmt.
Canaccord said on Monday that Netflix's leadership content position is "poised to persist," analyst Maria Ripps wrote. "Additionally, we see the potential for upside to estimates as consumers shift discretionary spend away from out-of-home activities such as movie theaters, concerts, and sporting events, and more towards in-home entertainment like subscription video on deman" she said.
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