{"id":194613,"date":"2020-10-20T18:28:20","date_gmt":"2020-10-20T22:28:20","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=194613"},"modified":"2020-10-21T09:22:20","modified_gmt":"2020-10-21T13:22:20","slug":"u-s-stimulus-hopes-fuel-modest-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/u-s-stimulus-hopes-fuel-modest-rally\/","title":{"rendered":"U.S. stimulus hopes fuel modest rally"},"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 class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/28\/Robert-McWhirter\">Robert McWhirter<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/company\/view\/1006\/QBRB-T\">Quebecor Inc (B)<\/a> (<strong>A Top Pick Dec 28\/18, Up 8%<\/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>As the Democrats and Republicans continued to work towards a stimulus bill, U.S. markets climbed Tuesday, though faded slightly into the close. The major indices rose between 0.33% and 0.47%, led by the S&amp;P and trailed by the Nasdaq which suggests an ongoing migration out of tech and into value. In fact, all the Dow components gained on Tuesday, except tech.<\/p>\n<p>It was weighed down by <a href=\"https:\/\/www.marketwatch.com\/story\/after-lowest-revenue-since-1997-ibm-stock-sinks-more-than-5-11603213541\" target=\"_blank\" rel=\"noopener\">IBM<\/a> which sank 6.49% on a a wide revenue miss. In contrast, <a href=\"https:\/\/finance.yahoo.com\/m\/7392d293-c8b2-34c7-b13a-e93607c6c948\/snap-stock-rockets-as.html\" target=\"_blank\" rel=\"noopener\">Snap<\/a> soared 20% after hours after it shattered Q3 revenues. Sentiment was also positive towards <a href=\"https:\/\/www.cnn.com\/2020\/10\/20\/tech\/doj-google-antitrust-case\/index.html\" target=\"_blank\" rel=\"noopener\">Google<\/a>\/Alphabet, even though the American Department of Justice slapped the tech giant with an antitrust suit which had been brewing for a long time. Google actually rose 1.39% as invstors shrugged off legal concerns and some even saw more value in breaking up the giant into smaller companies. Also after hours, <a href=\"https:\/\/finance.yahoo.com\/news\/heres-why-netflix-shares-off-202828769.html\" target=\"_blank\" rel=\"noopener\">Netflix<\/a> issued a disappointing Q3, reporting lower subscriber numbers than expected. However, those expectations may have been too high. The streaming giant immediately slid 6%.<\/p>\n<p>In Canada, the TSX closed exactly flat as energy and materials rallied as tech and other sectors struggled. Mining names dominated the gainers, including <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto<\/a> (6.59%) and <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay<\/a> (6.21%). Energy stocks popped, like <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point<\/a>, up 4.27%. However, <a href=\"https:\/\/finance.yahoo.com\/news\/canadian-pacific-cp-q3-earnings-140502401.html?.tsrc=fin-srch\" target=\"_blank\" rel=\"noopener\">CP Rail<\/a> surprisingly missed Q3 earnings and revenues and took a 0.81% hit. Cannabis names, which surged on Monday, gave back some gains. For instance, <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> surrendered 3.88%. Other headlines: <a href=\"https:\/\/finance.yahoo.com\/m\/b3fdc05a-c202-3440-8088-49a0ba0e2326\/magna-international-names.html\" target=\"_blank\" rel=\"noopener\">Magna<\/a> announced a new CEO Tuesday and shares rose over 1%.<\/p>\n<p>&#x1f4bb; <a href=\"https:\/\/stockchase.com\/company\/view\/609\/IBM-N\">IBM<\/a> -6.49%<br \/>\n&#x1f4f9; <a href=\"https:\/\/stockchase.com\/company\/view\/5483\/SNAP-N\">Snap Inc.<\/a> +20%<br \/>\n&#x1f9ee; <a href=\"https:\/\/stockchase.com\/company\/view\/1833\/GOOG-Q\">Alphabet Inc. \/ Google<\/a> +1.39%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/company\/view\/2191\/NFLX-Q\">Netflix Inc.<\/a> -6%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/949\/PEY-T\">Peyto Exploration &amp; Develop.<\/a> +6.59%<br \/>\n&#x1f451; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc.<\/a> +6.21%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp<\/a> +4.27%<br \/>\n&#x1f682; <a href=\"https:\/\/stockchase.com\/company\/view\/308\/CP-T\">Canadian Pacific Rail<\/a> -0.81%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> -3.88%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/784\/MG-T\">Magna Int&#8217;l. (A)<\/a> +1%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert McWhirter\u00a0including Quebecor Inc (B) (A Top Pick Dec 28\/18, Up 8%) Get Premium to receive all past top picks opinions a few hours before market open. As the Democrats and [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"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-194613","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\/194613","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=194613"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/194613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=194613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=194613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=194613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}