Not for the faint-hearted.
After Wednesday’s crash, stock futures pointed to a rebound. Moreover, investors feel that the second wave of COVID-19 alarm bells is beating and flogging. For a huge profit day, they will have to vent their nervousness again, because the large technology stocks are ready to report after the close-Apple AAPL,
Alphabet’s Google GOOGL,
And Facebook FB.
The US election is only five days away, and given what is happening in Europe, there are many concerns about how the pandemic fight in the country will take shape, and some of them are reasonable at present.
but we Call of the day The UBS (UBS) strategist team is led by Chief Investment Officer Mark Haefele, who urges investors to stay firm in response to the changing COVID headlines as the team expects the stock market to be “transient” frustration.
“In the mid-term, we continue to see upside. By June 2021, the S&P 500 target is 3,700, which is about 13% higher than today’s level,” Hefler and his team reported to clients in a report Said in.
He said: “Although local measures to limit the influenza pandemic will drag down economic growth, we have several reasons to expect that this impact may be more restricted in the first half of this year.”
So far, consumers and companies have adapted to the restrictions, and although air travel and the hotel industry have little room for maneuver, they should better deal with the new restrictions. Regarding the “overall economy, we believe that compared with the first half of the year, the impact of restrictions is more a relative demand shock than an absolute demand shock.”
The US’s third-quarter performance has been “stable”, and most companies’ expectations for the fourth quarter have risen, indicating that the fourth quarter is gaining momentum. However, given the high valuations, some technology stocks may be vulnerable to small earnings losses. Microsoft’s MSFT
This week’s results and reactions are an example.
Governments continue to support struggling economies, except for the United States, where consumer spending may be about to take a hit. In other words, regardless of the outcome, the US stimulus bill may be passed soon after the election.
“The general public is no longer so scared. This is a mixed blessing because it reduces the chance of fully complying with the new rules, which may slow the speed of containment of the virus, but in turn, it does mean that the negative economic impact is reduced. Small.” Haefele said to the team.
UBS strategists believe that there are 10 possibilities for late-stage vaccines to be tested globally, and governments will be able to begin to relax restrictions on vaccines in the second quarter of next year. This will help the company’s performance “return to pre-pandemic levels around the end of 2021.”
Stock futures ES00
Rising after S&P 500 Index SPX
The worst day since June. European stock market XX: SXXP
After hitting a five-month low, they are struggling. The Asian Conference went very difficult. And oil price CL
Results of beer giant Molson Coors TAP
These shares are increasing. Drug manufacturer Moderna MRNA
Turning back to profitability, but inventory rose.Food group Kraft Heinz KHC earnings
Still coming. After the closing ceremony will also report on the social media group Twitter TWTR
And coffee giant Starbucks SBUX.
Shares of Nokia NOK, a Finnish mobile phone manufacturer from Europe
We are addicted to lowered instruction.Shares of social media group Pinterest
After the blowout result, the wind is surging.
The European Central Bank announced its policy decision at 8:45 am Eastern Time, and held a press conference 45 minutes later. But the central bank may not take action until next month.
The gross domestic product (GDP) of the United States may have surged by more than 30% in the third quarter, but it will not tell us the current situation. In addition, there are weekly jobless applications and houses for sale.
He said that its experimental antibody mixture “significantly reduced” COVID-19 levels and required more hospitalizations and emergency room visits.
Up 31% after Marvell Technology MRVL
Announced a cash and stock acquisition of its competitors. Marvell’s stock fell.
A knife and gun attack in France killed two people and injured several others in Nice.
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The petition of the British football star to provide free school meals to children from poor families during the holidays reached 1 million signatures.
Thousands of turtles in Mexico are hatching.
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