The market showed strength throughout much of Wednesday’s action following updated news on a coronavirus vaccine. Better-than-expected earnings and economic news also lifted sentiment with the small-caps showing the most strength.Tech traded in a more volatile environment after giving back its opening gains and was in the red by Wall Street’s lunch break. Strength in the Industrials and...
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Continue reading >>The market got off to a slow start despite mostly better-than-expected earnings from the Financial sector. Citigroup (C) and JPMorgan (JPM) reported numbers that topped estimates while Well Fargo (WFC) fell shy of expectations.Tech struggled until mid-afternoon before catching some second-half wind to join the major indexes in positive territory with strength into the closing bell. Volatility...
Continue reading >>Keep an eye on Plug Power (PLUG). Canaccord Genuity just reiterated its buy rating and raised its price target to $8.50 from $7.00, estimating that the acquisitions of United Hydrogen and Giner ELX will immediately add to Plug's results. Oppenheimer upped its target to $8 from $6, saying the acquisitions reflect continued "savvy" strategic decisions. "We believe these additions to the portfolio...
Continue reading >>The market closed mostly lower on Tuesday as dismal economic news weighed on sentiment. Specifically, Consumer Confidence tanked another -31.9 points to 86.9 in April following March's -13.8 point plunge to 118.8. Forecasts were for a print of 90.As far as 1Q earnings, five of the six companies with the largest market caps in the S&P - Alphabet (GOOGL), Microsoft (MSFT), Facebook (FB), Apple...
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