China economy

China’s Economy Performed Well in 2020 Despite the Pandemic

Mohit Oberoi

On Monday, China released its 2020 GDP data that showed that the economy expanded 2.3%. It is expected to be the only major economy to report a positive GDP growth in 2020 as the rest of the world battled the COVID-19 pandemic that allegedly originated in China only. In its October update, the IMF (International…

Tesla Stock Seeks to Recoup Losses After Yesterday’s Reversal

Alan Draper Lewis

Tesla stock, which closed down almost 8% in regular trading on Monday, was trading higher in US premarket trading today. Nasdaq futures were also up slightly after the sell-off yesterday. Tesla ended its 11-day winning streak amid the broader sell-off in US tech stocks. The tech-heavy Nasdaq Composite Index underperformed the S&P 500 and the…

us stock futures georgia runoff

US stock futures advance slightly after a bumpy first day of trading

Alejandro Arrieche

US stock futures are trading slightly higher this morning as investors regain some confidence about the future of the global economy despite a bumpy first day of trading. Futures of American broad-market indexes are all advancing cautiously so far in early futures trading activity, led by the E-mini futures of the S&P 500 and Nasdaq…

Tesla Ended 2020 with Another Record but Would It be Enough?

Mohit Oberoi

Tesla delivered a record 180,570 cars in the fourth quarter of 2020 taking its full-year deliveries to 499,550. The company created several records in the year but would these be enough to justify the rally in its stock? To be sure, while Tesla missed half a million deliveries that it was targeting for 2020, its…

us stock markets 2021

Key Events that Stock Markets Should Watch in the First Week of January

Mohit Oberoi

US stock markets made several records in 2020, both positive and negative. As we head into 2021, these are the key events that stock markets would watch in the first week of January itself. 2020 was a good year for US stock markets. The Nasdaq 100 Index gained 48% in the year. The S&P 500…

small cap stocks 2

Small cap stocks finish at all-time highs amid approval of stimulus bill

Alejandro Arrieche

Small cap stocks – as tracked by the Russell 2000 index – surged nearly 1% yesterday amid the approval of a fresh $900 billion round of stimulus by the US Congress as investors keep betting on a strong economic recovery during 2021. The index – comprised of exactly 2,006 different holdings with an average market…

US stock futures fall sharply amid new coronavirus strain

Alejandro Arrieche

US stock futures are falling sharply this morning amid news of a new COVID strain identified within the United Kingdom, with the city of London imposing Tier 4 restrictions – similar to those enforced in February-March – to prevent a spike in contagions. E-mini futures of the S&P 500 are leading the downtick this morning…

BoA Survey Says Stock Markets Headed for a Pullback

Mohit Oberoi

Every month Bank of America (BoA) conducts a global fund manager survey. The December survey findings show that the stock markets could be headed for a pullback based on the cash levels that fund managers are holding. The Band of America surveyed 190 fund managers with cumulative assets of $534 billion. The monthly survey is…