Will corporate earnings be strong enough to justify the record stocks rally?

CNN Business2021-04-12

The Dow and S&P 500 are atrecord highs thanks to Wall Street optimism about Covid-19 vaccines, federal government stimulus, a rebounding global economy and a surge in value stocks. Now it's time for ...

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Comments

Chifield
2021-04-12
Chifield
Great
YangLex
2021-04-12
YangLex
.
SweetVivi
2021-04-12
SweetVivi
Gd
Xgj53bh
2021-04-12
Xgj53bh
interesting. looking forward to COIN.
GTJW18
2021-04-12
GTJW18
Watching closely...
- GTJW18:
  True True true
- GTJW18:
  Like and share
- YNWA07:
  Pls like n comment
Jankin86
2021-04-12
Jankin86
Like n comment pls
- Limth:
  hope it is right
- Mavfurious:
  Ok
- GabrielOr:
  lets go

Leave a comment

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Now it's time for ...</p>\n\n<a href=\"https://edition.cnn.com/2021/04/11/investing/stocks-week-ahead/index.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://edition.cnn.com/2021/04/11/investing/stocks-week-ahead/index.html","article_id":"1159998596","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159998596","pubTimestamp":1618187601,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"The Dow and S&P 500 are atrecord highs thanks to Wall Street optimism about Covid-19 vaccines, feder","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc.",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"公司盈利是否足够强劲，足以证明股市的创纪录涨势是合理的？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"COIN":0.9},"content_text":"The Dow and S&P 500 are atrecord highs thanks to Wall Street optimism about Covid-19 vaccines, federal government stimulus, a rebounding global economy and a surge in value stocks. Now it's time for Corporate America to prove that investors should believe the hype.\nA slew of big banks and other financial firms will report their first quarter earnings next week, giving the market its first glimpse of just how strong profits might be this year.\nJPMorgan Chase (JPM),Goldman Sachs (GS),Bank of America (BAC),Wells Fargo (WFC) and BlackRock (BLK) are just a few of the companies on tap to post their results.\nAccording to data from FactSet Research, overall earnings for the S&P 500 should increase 24.5% in the quarter from a year ago and financial sector earnings are expected to surge nearly 80% from the first quarter of 2020.\nBank stocks have surged this year as long-term bond yields have picked up. Higher yields make lending more profitable for banks. TheFinancial Select Sector SPDR (XLF) exchange-traded fund, which owns most of the top bank stocks, is up nearly 20% this year.\n\"The tone is going to be positive. We're beginning to see the benefits of the economy recovering and banks have room to run with rising rates,\" said Ken Leon, director of equity research at CFRA Research.\nLeon said that banks will also benefit from the improving financial health of the US consumer. That will boost the banks' credit card, student loan and auto lending portfolios. The housing market is likely to remain strong as well.\nJames Shanahan, senior equity research analyst at Edward Jones, added that expectations are \"reasonably high\" for the banks.\nBut he thinks that the top financial firms should have no problem delivering strong results, particularly due to the healthy demand for initial public offerings and blank check special purpose acquisition company (SPAC) deals, which help generate robust fees for the investment banks.\nCoinbase is ready for its market closeup\nCoinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.\nThe trading exchange, which is benefiting from the surge in demand for bitcoin, ethereum and other cryptocurrencies, now has 56 million active, verified users and manages about $223 billion in crypto assets. That's about 11% of the total $2 trillion cryptocurrency market.\nCoinbase estimated earlier this month that sales reached $1.8 billion in the first quarter and that it earned a profit of $730 million to $800 million during the first three months of 2021. That's up from sales of $190.6 million in the first quarter of 2020 and net income of about $32 million.\nThe company also said in a regulatory filing in March that based on private market transactions, the company's market value was worth nearly $68 billion — a staggering increase from the $8 billion Coinbase was valued at it when it last raised money from venture capitalists in 2018.\nSome on Wall Street are betting that the stock will go significantly higher once it begins trading.\nSantosh Rao, head of research at Manhattan Venture Partners, said in a report last week that it thinks Coinbase could be worth $98 billion. To put that number in perspective, it's more than $30 billion above the current market cap of NYSE ownerIntercontinental Exchange (ICE).\nBut that valuation is \"ridiculously high,\" according to David Trainer, CEO of New Constructs, an investment research firm.\nThe Coinbase direct listing is the highlight of what could be a busy week for new stocks. 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looking forward to COIN.&nbsp;","listText":"interesting. looking forward to COIN.&nbsp;","text":"interesting. looking forward to COIN.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342192187","repostId":1159998596,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342101210,"gmtCreate":1618188618930,"gmtModify":1704707209233,"author":{"id":"3577494129956329","authorId":"3577494129956329","name":"GTJW18","avatar":"https://static.tigerbbs.com/bdc73e3995547244b0590dcc69b966ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577494129956329","authorIdStr":"3577494129956329"},"htmlText":"Watching closely...","listText":"Watching closely...","text":"Watching closely...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/342101210","repostId":1159998596,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4033828,"gmtCreate":1618401029721,"gmtModify":1680784026835,"authorId":3577494129956329,"author":{"id":3577494129956329,"idStr":"3577494129956329","authorId":3577494129956329,"name":"GTJW18","avatar":"https://static.tigerbbs.com/bdc73e3995547244b0590dcc69b966ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342101210,"type":1,"supId":4011870,"prevId":0,"content":"True True true","text":"True True true","html":"True True true"},{"id":4033826,"gmtCreate":1618401007226,"gmtModify":1680784025093,"authorId":3577494129956329,"author":{"id":3577494129956329,"idStr":"3577494129956329","authorId":3577494129956329,"name":"GTJW18","avatar":"https://static.tigerbbs.com/bdc73e3995547244b0590dcc69b966ef","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342101210,"type":1,"supId":0,"prevId":0,"content":"Like and share","text":"Like and share","html":"Like and share"},{"id":4011870,"gmtCreate":1618191958724,"gmtModify":1680783688382,"authorId":3577187123447116,"author":{"id":3577187123447116,"idStr":"3577187123447116","authorId":3577187123447116,"name":"YNWA07","avatar":"https://static.tigerbbs.com/4175da8569b716638fc34a8f20d4dcec","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342101210,"type":1,"supId":0,"prevId":0,"content":"Pls like n <u>comment</u>","text":"Pls like n <u>comment</u>","html":"Pls like n <u>comment</u>"}],"langContent":"EN"},{"id":342373739,"gmtCreate":1618187947421,"gmtModify":1704707192793,"author":{"id":"3554864457072456","authorId":"3554864457072456","name":"Jankin86","avatar":"https://static.tigerbbs.com/dc32c47af9ed1f6e1f3fbb197e71921d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554864457072456","authorIdStr":"3554864457072456"},"htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment 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<u>right</u>"},{"id":4011164,"gmtCreate":1618188002271,"gmtModify":1680783685542,"authorId":3577621549460373,"author":{"id":3577621549460373,"idStr":"3577621549460373","authorId":3577621549460373,"name":"Mavfurious","avatar":"https://static.tigerbbs.com/7bc7a6fdcc64246397b09b1b07dbf895","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342373739,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4011298,"gmtCreate":1618188749473,"gmtModify":1680783684992,"authorId":3570241401388332,"author":{"id":3570241401388332,"idStr":"3570241401388332","authorId":3570241401388332,"name":"GabrielOr","avatar":"https://static.tigerbbs.com/95dd3c0f7679a76d0310824220d86489","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342373739,"type":1,"supId":4011164,"prevId":0,"content":"lets <u>go</u>","text":"lets <u>go</u>","html":"lets 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