12 min
JPMorgan Strategists Warn Of Imminent Stock Market Correction | Disney Reports Results & Markets Optimistic On COVID-19 Stimulus - Daily Financial News & Insights For Tuesday, August, 4, 2020 Call Put Strike - Financial News & Insights
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Market Optimism On Second COVID-19 Stimulus Plan – Daily Financial News Summary for August 4, 2020
The winds are howling on Wall Street today as Tropical Storm Isaias made its way up the east coast today. Unrelated, but the markets did blow higher with the Dow Jones up 0.6%, the S&P 500 up 0.36%, while the Nasdaq climbed 0.35% to another record close. Stoxx Europe 600 Index fell 0.1%. The euro rose 0.3% to $1.1801.
Some of the positivity in the markets came from developments in the next stages of COVID-19 stimulus packages. Mitch McConnell is supposedly “prepared to support” a coronavirus relief agreement when one is reached between the White House and the dems. The $600 per week federal unemployment benefits and a moratorium on federally backed housing have both expired, as we reported on yesterday.
Disney announced earnings after the bell Tuesday, and earnings per share outperformed at 8 cents compared to the expected loss of 64 cents, according to Refinitiv. Additionally, they announced that they now have over 100 million paid subscribers on their streaming services, which include Disney+, Hulu, and ESPN+. As many expected, park closures impacted revenues significantly. Shares saw little movement on the results.
What would Tuesday be without tech? Apple climbed 0.6%, but Netflix gained 2.2% and Amazon was up 0.87%. Alphabet fell 0.6% and Facebook slipped 0.85%.
https://callputstrike.com/2020/08/04/market-optimism-on-second-covid-19-stimulus-plan-daily-financial-news-summary-for-august-4-2020/
JPMorgan Strategists Warn Of Imminent Stock Market Correction
A stock market correction is imminent.
Those are sentiments shared by strategists at JPMorgan.
According to the strategists, the correction could come calling in the next few weeks as a plethora of weak economic data, continue to raise concerns. Payroll data, employment reports, and retail sales in the coming days are some of the releases that could trigger the correction.
“Some misgivings are justified given a macro backdrop that is becoming muddied, but not muddied enough to justify bearish targets or a defensive investment strategy,” say, strategists, led by John Normand, in a note.
https://callputstrike.com/2020/08/04/jpmorgan-strategists-warn-of-imminent-stock-market-correction/
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How to Choose A Student Credit Card: https://callputstrike.com/2020/08/04/how-to-choose-a-student-credit-card/
Market Optimism On Second COVID-19 Stimulus Plan – Daily Financial News Summary for August 4, 2020
The winds are howling on Wall Street today as Tropical Storm Isaias made its way up the east coast today. Unrelated, but the markets did blow higher with the Dow Jones up 0.6%, the S&P 500 up 0.36%, while the Nasdaq climbed 0.35% to another record close. Stoxx Europe 600 Index fell 0.1%. The euro rose 0.3% to $1.1801.
Some of the positivity in the markets came from developments in the next stages of COVID-19 stimulus packages. Mitch McConnell is supposedly “prepared to support” a coronavirus relief agreement when one is reached between the White House and the dems. The $600 per week federal unemployment benefits and a moratorium on federally backed housing have both expired, as we reported on yesterday.
Disney announced earnings after the bell Tuesday, and earnings per share outperformed at 8 cents compared to the expected loss of 64 cents, according to Refinitiv. Additionally, they announced that they now have over 100 million paid subscribers on their streaming services, which include Disney+, Hulu, and ESPN+. As many expected, park closures impacted revenues significantly. Shares saw little movement on the results.
What would Tuesday be without tech? Apple climbed 0.6%, but Netflix gained 2.2% and Amazon was up 0.87%. Alphabet fell 0.6% and Facebook slipped 0.85%.
https://callputstrike.com/2020/08/04/market-optimism-on-second-covid-19-stimulus-plan-daily-financial-news-summary-for-august-4-2020/
JPMorgan Strategists Warn Of Imminent Stock Market Correction
A stock market correction is imminent.
Those are sentiments shared by strategists at JPMorgan.
According to the strategists, the correction could come calling in the next few weeks as a plethora of weak economic data, continue to raise concerns. Payroll data, employment reports, and retail sales in the coming days are some of the releases that could trigger the correction.
“Some misgivings are justified given a macro backdrop that is becoming muddied, but not muddied enough to justify bearish targets or a defensive investment strategy,” say, strategists, led by John Normand, in a note.
https://callputstrike.com/2020/08/04/jpmorgan-strategists-warn-of-imminent-stock-market-correction/
---
Send in a voice message: https://podcasters.spotify.com/pod/show/callputstrike/message
Support this podcast: https://podcasters.spotify.com/pod/show/callputstrike/support
12 min