{"id":123024,"date":"2019-11-12T22:34:36","date_gmt":"2019-11-12T22:34:36","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=123024"},"modified":"2019-11-13T22:11:40","modified_gmt":"2019-11-13T22:11:40","slug":"markets-inch-to-record-highs-on-trade-deal-hopes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-inch-to-record-highs-on-trade-deal-hopes\/","title":{"rendered":"Markets inch to record highs on trade deal hopes"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/59\/Richard-Croft\">Richard Croft<\/a> including <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> (A Top Pick Nov 09\/18, Up 2% &#8211; Don&#8217;t trade Boeing now, but do a call). <strong>Get Premium to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Traders nudged the Nasdaq and Dow into new record territory Tuesday, with the S&amp;P falling one point short of making a new all-time high. In Toronto, the TSX made a new record of 16,909 points. Investors are still trading on hopes that the U.S. and China will sign phase one of a trade agreement.<\/p>\n<p>On Tuesday, Trump announced that a deal &#8220;<a href=\"https:\/\/www.npr.org\/2019\/11\/12\/778517074\/trump-makes-no-promises-on-china-trade-deal\" target=\"_blank\" rel=\"noopener\">could<\/a>&#8221; happen soon, but investors have heard that before. Trump also threatened to raise <a href=\"https:\/\/www.cnbc.com\/video\/2019\/11\/12\/if-we-dont-make-a-us-china-deal-well-raise-tariffs-trump.html\" target=\"_blank\" rel=\"noopener\">tariffs<\/a> if a deal is not signed. Also reaching new highs were stocks like <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a>, which closed at $147.07, up nearly 42% for the year. The tech giant announced it was deepening its <a href=\"https:\/\/www.investors.com\/news\/technology\/adobe-stock-microsoft-stock-climb-expanded-cloud-computing-partnership\/?src=A00220&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">partnership<\/a> with <a href=\"https:\/\/stockchase.com\/ADBE-Q\">Adobe<\/a> in cloud computing, which helped lift Adobe by 0.5%, and that <a href=\"https:\/\/stockchase.com\/SU-T\">Suncor<\/a> was making Microsoft its <a href=\"https:\/\/finance.yahoo.com\/news\/suncor-accelerates-digital-transformation-journey-113000437.html\" target=\"_blank\" rel=\"noopener\">cloud<\/a> provider in a multi-year deal. All in all, not a bad day for Microsoft.<\/p>\n<p>Speaking of getting high, <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray<\/a> and <a href=\"https:\/\/stockchase.com\/CRON-T\">Cronos<\/a> released earnings reports. Tilray beat expectations in <a href=\"https:\/\/www.marketwatch.com\/story\/tilray-earnings-show-pot-sales-quintupling-beating-expectations-2019-11-12\" target=\"_blank\" rel=\"noopener\">cannabis<\/a> sales. About a third of revenues came Manitoba Harvest, a summertime acquisition. But Tilray reported no profits yet. It closed down 1.6%. Cronos&#8217; <a href=\"https:\/\/www.marketwatch.com\/story\/cronos-kicks-off-cannabis-earnings-with-revenue-miss-but-stock-gains-2019-11-12\" target=\"_blank\" rel=\"noopener\">performance<\/a> was also mixed with disappointing revenues. Finally, <a href=\"https:\/\/stockchase.com\/DIS-N\">Disney<\/a>+ started streaming today with some <a href=\"https:\/\/www.cnn.com\/2019\/11\/12\/media\/disney-error\/index.html\" target=\"_blank\" rel=\"noopener\">outages<\/a> and a 1.35% stock rise.<\/p>\n<p>&#x1f310; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> +42% (year so far)<br \/>\n&#x1f4bb; <a href=\"https:\/\/stockchase.com\/ADBE-Q\">Adobe Systems<\/a> +0.5%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/TLRY-Q\">Tilray Inc<\/a> -1.6%<br \/>\n<span class=\"c-emoji c-emoji__medium c-emoji--inline\" data-qa=\"emoji\" aria-describedby=\"slack-kit-tooltip\"><img decoding=\"async\" src=\"https:\/\/a.slack-edge.com\/production-standard-emoji-assets\/10.2\/google-medium\/1f4fa.png\" alt=\":televisi\u00f3n:\" aria-label=\"Emoji televisi\u00f3n\" data-stringify-type=\"emoji\" data-stringify-emoji=\":tv:\" \/><\/span>\u00a0 <a href=\"https:\/\/stockchase.com\/DIS-N\">Walt Disney<\/a> +1.35%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Richard Croft including Boeing (A Top Pick Nov 09\/18, Up 2% &#8211; Don&#8217;t trade Boeing now, but do a call). Get Premium to receive all past top picks opinions a few [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[204,126,211,158,371,322,290,274,220,218],"class_list":["post-123024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-cannabis","tag-china","tag-cloud-computing","tag-disney","tag-earnings-report","tag-revenues","tag-streaming-service","tag-tariffs","tag-trade-war","tag-trump"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/123024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=123024"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/123024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=123024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=123024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=123024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}