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Despite the start of earnings season, markets roared back Tuesday, absorbing Monday’s losses and then some. Tech propelled the Nasdaq by nearly 4%. Tuesday marked a four-day winning streak for the index, its longest since December. The S&P (up 3%) and Dow (2.39%) closed at their highest levels since March 10. Since the market bottomed on March 23, the S&P has climbed 23.5%.<\/p>\n
Speaking of earnings, Johnson & Johnson reported an earnings and revenue<\/a> beat, but offered a bleak profit outlook for 2020. JNJ<\/a> rose 4.48%. Similarly, Apple<\/a> reported a rebound in iPhone sales<\/a> to China after the February slump. The stock jumped 5%. But the biggest winner on Tuesday was Amazon<\/a>, scaling new heights of $2,283 after a 5.28% climb. Business is so good there that it’s hiring<\/a> 75,000 more workers. That should make up for Amazon firing two more workers<\/a> who complained about working conditions during this pandemic.<\/p>\n The TSX also enjoyed a positive session, gaining 1.3%. Since March 23, the Toronto index has risen 20%. On Tuesday, it lagged Wall Street, because oil took another dive. The energy sector lost 1.63% as a barrel of WTI fell 7.5% though, oddly enough, WCS leapt 40%. Like Wall Street, tech led Toronto’s gains with Shopify<\/a> ralling 11.25% and Lightspeed<\/a> gaining nearly 14%. Generally speaking, investors are either talking about a V-shaped recovery or expecting a bumpy coming weeks as more earnings reports, profit warnings and dividend suspensions hit the headlines.<\/p>\n 🩺 Johnson & Johnson<\/a> +4.48% This week, you missed Past Top Picks comments by Hap Robert Sneddon including Eli Lilly & Co. (A Top Pick Dec 18\/18, Up 17%) Get Premium to receive all past top picks opinions a few hours before market open. Despite […]<\/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-161219","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\/161219","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=161219"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/161219\/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=161219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=161219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=161219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🍎 Apple<\/a> +5%
\n📦 Amazon.com<\/a> +5.28%
\n🛍 Shopify Inc.<\/a> +11.25%
\n💾 Lightspeed POS<\/a> +14%<\/p>\n","protected":false},"excerpt":{"rendered":"