US stocks continues rally after strong earnings


With elections mostly behind us we can start to focus on fundaments again and those most important ones, coprorate earnings looked really good. On average among S&P500 companies, profit felled only 7,5% compared to 3Q 2019 which is much better than 21% decline which was projected at the end of September. This shows that most of the companies recovered really quickly and could set up good ground for next quater earnings. Leading sectors were giant tech companies, health care and transportation companies such as Fedex and UPS with energy, consumer goods and industrial sectors being on the other end. This can be seen in 3 major indices as Nasdaq is doing the best with S&P 500 being up there as well and Dow Jones Industrial Average lacking behind the most. With prospect of good earnings and Republicans keeping the senate we can continue stock rally into 2021. (Langley, Wall Street Journal)

4 views0 comments

Recent Posts

See All
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.