{"id":166180,"date":"2020-05-05T20:35:32","date_gmt":"2020-05-05T20:35:32","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=166180"},"modified":"2020-05-06T13:38:41","modified_gmt":"2020-05-06T13:38:41","slug":"markets-inch-upward-during-session-as-earnings-beats-after-hours","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-inch-upward-during-session-as-earnings-beats-after-hours\/","title":{"rendered":"Markets inch upward during session as earnings beats after hours"},"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\/1253\/Rick-Stuchberry\">Rick Stuchberry<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/RY-T\">Royal Bank<\/a> (<strong>A Top Pick Apr 12\/18, Up 27%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><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>Tuesday markets continued the rally from Monday afternoon, though they gave back a bit before the close. The TSX finished 0.45% higher as WCS soared nearly 21% to just under $20\/barrell. One of the biggest gainers are <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy<\/a>, leaping 16.15%. Apparently, investors are encouraged by OPEC&#8217;s record production cuts despite the lack of storage space for oil. As well, ongoing plans to reopen segments of North America are contributing to optimism.<\/p>\n<p>Another factor on the TSX were earnings reports. <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country <\/a>reported YOY Q1 revenues increasing 1.5%, though gross profit margin and operating EBITDA slipped. Of course, store sales plunged later in the quarter, but its e-commerce business leapt 143%. Likely other companies will report similar Q1 trends. ZZZ jumped nearly 8%.<\/p>\n<p>In New York, the Nasdaq rallied 1.13% ahead of the the S&amp;P (0.9%) and Dow (0.56%). WTI enjoyed its fifth-straight increase, up 20.4% as gold remained steady above $1,700\/ounce. However, the real story came after the closing bell as a slew of companies reported earnings. <a href=\"https:\/\/stockchase.com\/DIS-N\">Disney<\/a>&#8216;s EPS missed at 60 cents EPS vs. the 89-cent estimate, but its revenues beat at $18.01 billion vs. the $17.8 billion estimate. The ouse lost 2% during the session but regained some of that after the report. <a href=\"https:\/\/stockchase.com\/EA-Q\">Electronic Arts<\/a>&#8216; revenues of $1.52 billion beat the $1.32 billion estimate driven by a surge in use of its videogames. EA rose 2.38% during Tuesday but was rocky after earnings. Meanwhile, <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat<\/a>&#8216;s revenues of $97.1 million beat the expected $88.3 million. The stock sizzled 5.25% during the session plus about that much after the bell.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/MEG-T\">MEG Energy Corp<\/a> +16.15%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/ZZZ-T\">Sleep Country Canada Holdings<\/a> +8%<br \/>\n&#x1f478; <a href=\"https:\/\/stockchase.com\/DIS-N\">Walt Disney<\/a> -2%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/EA-Q\">Electronics Arts Inc<\/a> +2.38%<br \/>\n&#x1f969; <a href=\"https:\/\/stockchase.com\/BYND-Q\">Beyond Meat Inc.<\/a> +5.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Rick Stuchberry\u00a0including Royal Bank (A Top Pick Apr 12\/18, Up 27%) Get Premium to receive all past top picks opinions a few hours before market open. Tuesday markets continued the rally [&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":[],"class_list":["post-166180","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\/166180","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=166180"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/166180\/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=166180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=166180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=166180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}