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MarketWatch MarketPulseJul 14, 2020
Dow rises 430 points as Brainard urges Fed to shift to stimulus as 'thick fog of uncertainty' surrounds coronavirus-battered economy
U.S. stock benchmarks added to gains Tuesday afternoon after Federal Reserve Gov. Lael Brainard painted a grim outlook for the economy facing the COVID-19 pandemic, but said she advocated for policy that would stimulate the virus-beaten business sector. Brainard said Fed policy should do more to boost the economy and said she championed keeping current interest rates, currently at a range of 0% to 0.25%, until inflation returned to the central bank's 2% target. Brainard, speaking online, said that monetary and "fiscal support will remain vital," to the economic rebound. The Dow Jones Industrial Average was up 430 points, or 1.6%, at 26,511, the S&P 500 index was up 0.9% at 3,183, while the Nasdaq Composite Index , which had been under pressure all session, was up 0.4% at 10,439. "The recent resurgence in COVID cases is a sober reminder that the pandemic remains the key driver of the economy's course," she said. "A thick fog of uncertainty still surrounds us, and downside risks predominate." Brainard is viewed as dovish, or accommodative, member of the Fed's rate-setting Federal Open Market Committee. As a Fed governor, she maintains voting status.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



USA Today MoneyJul 14, 2020
Stocks bounce higher as banks kick off earnings season
Stocks jumped Tuesday as investors looked past a surge in coronavirus cases to monitor the start of corporate earnings season.      

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Bank ETFs sink as earnings from JPMorgan, Citi, and Wells Fargo fail to inspire (MarketWatch MarketPulse)

KiplingerJul 14, 2020
Stock Market Today: Momentum Swings the Dow's Way
A day after California's widespread business closings knocked the major indices down a couple rungs, investors got word of declining daily caseloads of COVID-19 in that state and hard-hit Florida and moved to prop up more cyclical sectors.

Caterpillar (CAT, 4.9%) helped lead the Dow higher Tuesday, and energy stocks such as Exxon Mobil (XOM, 3.3%) and Chevron (CVX, 3.5%) also advanced the cause.

91 Top Dividend Stocks From Around the World Financial stocks were more muted, however, after Wells Fargo (WFC, -4.6%) not only reported its first quarterly loss since 2008, but became the latest marquee company to cut its dividend, hacking its payout from 31 cents quarterly to 10 cents. Indeed, financials (XLF, 0.6%) were the weakest of the 11 market sectors.

The major indices all enjoyed a flourish to finish Tuesday's trading. The Dow Jones Industrial Average led the way with a 2.1% gain to 26,642. The small-cap Russell 2000 logged a 1.6% gain to 1,426, and the S&P 500 improved 1.3% to 3,197. And the Nasdaq lagged again, up 0.9% to 10,488.

Can Emerging Markets Keep Rallying, Too? Like the Nasdaq, red-hot emerging markets such as China, Taiwan and India have started to cool just


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Dow books 557-point gain as Fed's Bullard says unemployment could fall rapidly 'if we play our cards right' (MarketWatch MarketPulse)

NYTimes BusinessJul 14, 2020
Stocks Unsteady as Earnings Season Begins: Live Updates


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Best Companies To Short As Nasdaq And Tech Stocks Retreat (Forbes Headlines)

Yahoo BusinessJul 14, 2020
Were Hedge Funds Right About Warming Up To The Kraft Heinz Company (KHC)?
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]


NYTimes BusinessJul 14, 2020
Banks Stockpile Billions as They Prepare for Things to Get Worse
JPMorgan Chase, Citigroup and Wells Fargo said that as long as the economy behaved according to their forecasts, they were braced for more pandemic-induced pain.

MarketWatch MarketPulseJul 14, 2020
Bed Bath and Beyond sees 'positive' same-store sales, cash flow in June
Shares of Bed Bath & Beyond Inc. rose 1.1% in premarket trading Tuesday, after the home accessories retailer said June same-store sales were "positive" for reopened stores and digital channels. The company said cash flow during June were also positive. Nearly all stores have reopened, following closures because of the COVID-19 pandemic. Separately, the company said it believes there is between $350 million to $450 million it could get from asset sales and the plan to reduce up to $1 billion of inventory at retail is slightly more than halfway complete. The stock has run up 43.9% over the past three months through Monday, while the SPDR S&P Retail ETF has advanced 25.3% and the S&P 500 has gained 10.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Forbes HeadlinesJul 14, 2020
Best Stocks To Buy As Markets Rally Despite Elevated Volatility
Despite setting an intraday record yesterday, Nasdaq ended the day with a sharp reversal. More choppiness should be expected as more companies declare their quarterly results throughout the week. Using our AI, we have the Top Buys for today.

MarketWatchJul 14, 2020
Market Snapshot: Dow ends up 550 points, stocks jolt higher after Fed's Brainard calls for ‘sustained' large-scale asset purchases
U.S. stock-indexes finished near session highs Tuesday, after Federal Reserve Gov. Lael Brainard calls for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid a "thick fog of uncertainty" brought on by COVID-19.

MarketWatch MarketPulseJul 14, 2020
Fed's Bullard says stock market's optimism has been proven right, at least for now
U.S. investors, who been running up equity market values, have been right, at least so far, said St. Louis Fed President James Bullard on Tuesday. "Equity markets are something we don't usually talk about at the Fed. I think they have been optimistic and they have been right, I think, up to now anyway. They were optimistic in the May-June time-frame and indeed the data came in and validated the market thinking," Bullard said. He added a big part of market capitalization is tech firms and pandemic has been a "boon" to this industry.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 14, 2020
Oil futures finish slightly higher, as traders await outcome of OPEC committee meeting
Oil futures finished slightly higher on Tuesday, with traders awaiting outcome of Wednesday's OPEC Joint Ministerial Monitoring Committee meeting as well as this week's updates on U.S. petroleum supplies. Some analysts said the committee meeting may result in a recommendation to taper the size of current crude production cuts of 9.7 million barrels per day. Meanwhile, a report from Energy Information Administration due Wednesday morning is forecast to show a weekly decline of 2.1 million barrels in U.S. crude supplies, according to an S&P Global Platts survey of analysts. August West Texas Intermediate oil rose 19 cents, or 0.5%, to settle at $40.29 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolJul 14, 2020
Why Delta Air Lines Stock Dropped 5% This Morning
Earnings were bad -- much worse than feared.

CNBC FinanceJul 14, 2020
Dow rises for a third straight day, rallies more than 500 points as Caterpillar leads
Stocks rose on Tuesday as investors added exposure to some of the more cyclical names in the market while Big Tech underperformed.

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Dow industrials gain over 550 points as stocks close near session highs (MarketWatch Breaking News)

Forbes HeadlinesJul 14, 2020
Trading Revenue Jumps But JPMorgan, Wells Fargo And Citigroup See More Losses In Second Quarter
Big banks are still stockpiling cash to prepare for a wave of loan defaults as the coronavirus crisis wears on.

MarketWatch MarketPulseJul 14, 2020
Tesla stock surges after Piper Sandler boosts price target above $2300
Shares of Tesla Inc. are up more than 4% in premarket trading Tuesday after Piper Sandler analyst Alexander Potter raised his price target on the stock to $2322 from $939, writing of "faster-than-expected share gains" and big opportunities in software. Though Tesla shares have rocketed nearly 260% on the year and the stock's valuation is 88 times higher than it was after its 2010 initial public offering, Potter said that "resoundingly" his conclusion is to stick with the stock. "While deliveries are a key driver of our increased near-term estimates, software is the biggest driver of our increased DCF-based price target," he wrote in a late Monday note to clients. "Tesla has noted the possibility for 30% gross margins if/when more customers opt-in for purchasing the company's full self-driving (FSD) software." That could help Tesla record operating margins in the "mid-20s" by the end of Potter's 20-year forecast period, even if only half of customers go for the full self-driving software. "Thanks to the high-margin nature of the FSD package, we think that by the 2030s, Tesla could conceivably be selling vehicles at cost - or even below cost - while still achieving higher operating margins," he wrote. Tesla shares have surged 60% in the past month alone as the S&P 500 has added about 4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Stocks making the biggest moves in the premarket: JPMorgan, Delta, Alphabet, Ford, Tesla & more (CNBC Finance)

Yahoo BusinessJul 14, 2020
Making sense of Tesla's parabolic rally: Morning Brief
Top news and what to watch in the markets on Tuesday, July 14, 2020.

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