Chinese markets returned to business after the Lunar New Year. To little surprise, the Shanghai composite plunged 7.72% on its first day back, its sharpest drop in four years. As Chinese authorities race to contain the virus, European markets rose overnight Monday by half-a-percent, and North American indices rebounded sharply, with the Nasdaq climbing 1.34%.<\/p>\n
The TSX, which has been less volatile than its New York peers, gained 0.3%, burdened by a 3.2% drop in crude oil. The VIX fell 4.62% to illustrate that investors calmed down over the weekend following Friday’s sell-off. The rally reached almost across the board. Companies that rely on Chinese consumers enjoyed generous gains. For instance, Nike<\/a> bounced<\/a> up 3.08% to settle just below $100 (see our weekly report for more analysis). However, that paled next to Tesla<\/a>. The e-car company soared 20% after one analyst<\/a> increased his price target from $556 to $808.<\/p>\n Earnings season continues. Amazon<\/a>‘s revenue disappointed, though it handily beat EPS expectations. Amazon inched down 0.23% Monday and was flat in the immediate after-hours. There was better news at Enbridge<\/a>. Minnesota<\/a> approved the expansion of Line 3, delayed after a year. Also, luxury clothing line Canada Goose<\/a> soared 4.29% as it announced supermodel Kate Upton<\/a> as its new spokeswoman.<\/p>\n 👟 Nike Inc<\/a> +3.08% Chinese markets returned to business after the Lunar New Year. To little surprise, the Shanghai composite plunged 7.72% on its first day back, its sharpest drop in four years. As Chinese authorities race to contain the virus, European markets rose […]<\/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":[],"class_list":["post-144951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/144951","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=144951"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/144951\/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=144951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=144951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=144951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚗 Tesla Motors Inc<\/a> +20%
\n🛍 Amazon.com<\/a> -0.23%
\n🧣 Canada Goose Holdings<\/a> +4.29%<\/p>\n","protected":false},"excerpt":{"rendered":"