First, the change can be explained by higher interest rates and higher commodity prices. This is stoking demand for “cyclical” companies like industrials and financials that benefit from more gross domestic product. Many of these companies struggled before the crisis and are now being rediscovered for the first time in years.
Twitter (TWTR) is up 27 percent since Friday, February 5. That makes it the best-performing member of the S&P 500 for the period. It’s also the biggest weekly gain for Jack Dorsey’s social-media company since February 2015.
Netflix and Intel reported strong results this week as earnings season marches toward the major tech stocks.
2020 was one of the most dramatic years in the history of investing as the coronavirus pandemic accelerated key trends in the stock market. 2020’s… Read More »Tesla Led the S&P 500 in One of the Most Dramatic Years in the History of the Stock Market
In a little over six months, the stock price increased from a closing low of US$31.73 in December 2018, to reach a high close of US$43.20 on July 11. That’s a healthy 36% rise, which is clearly nothing to sneeze at.
Yesterday’s private-sector payrolls report from ADP showed the industry adding 49,000 jobs in April. That translated into a 0.66 percent increase overall — triple the broader total. It followed a string of increases going back more than two years.