Wall Street Today: Investors are buying American

Moomoo Recap US joined discussion · Jul 25, 2021 19:36

Wall Street Today: Investors are buying American

Stocks eye mixed start as China tempers U.S. boost: markets wrap

Stocks are set for a mixed start Monday as traders weigh a U.S. rally spurred by corporate earnings, China’s technology-sector regulation and an upcoming Federal Reserve meeting. The dollar was steady.

U.S. stocks closed Friday at a record and the S&P 500 has almost doubled from the depths of the pandemic. About 87% of the S&P 500 firms reporting results so far this season have beaten estimates. U.S. equity contracts fluctuated.

Stock bulls look toward $17 trillion burning a hole in pockets

In the stock market, the refusal of retail investors to back down from every macro threat has become the only story. When will it end? Judging by the size of all the pools of cash lying around, it could be a while.

Among all the economic stories of the pandemic, the one about money piling up in people’s accounts has been the most significant in the stock market, where the S&P 500 just notched its seventh gain in nine weeks. Money market accounts, viewed in some circles as a “dry powder” reserve for equity deployment, sit at just under $4.5 trillion. A more obscure balance, the Federal Reserve’s count of money on deposit with commercial banks, has risen 33% from 2019 to $17 trillion.

Investors are buying American

Investors around the globe are pouring money into U.S. financial assets.

Investors world-wide have funneled more than $900 billion into U.S.-domiciled mutual and exchange-traded funds, on a net basis, during the first half of the year, according to data compiled by Refinitiv Lipper. That is a record in data going back to 1992 and is more than investors have put into funds elsewhere around the world combined during the first two quarters of 2021.

Apple, Amazon, Tesla among the giants set to post results

Corporate giants from $Apple(AAPL.US)$ to $Visa(V.US)$ are expected to report their financial results over the coming week.

In all, 180 members of the S&P 500 are scheduled to provide quarterly updates starting Monday, including the world’s biggest tech companies. The list also includes the restaurant companies $McDonald's(MCD.US)$ and $Starbucks(SBUX.US)$ , industrial firms such as $3M(MMM.US)$ , $Boeing(BA.US)$ and $GE Aerospace(GE.US)$ , as well as $Ford Motor(F.US)$ and the energy heavyweights $Exxon Mobil(XOM.US)$ and $Chevron(CVX.US)$ .

So far, companies are on track to report strong year-over-year gains in revenue and profit, as firms are benefiting from the reopening of economies this spring, compared with the closures experienced the year before.

Top Wall Street analysts say these stocks are buys going into earnings

Wall Street is gearing up for the busiest week of earnings season. Several stock market heavyweights are lining up to release their second-quarter prints, and analysts are taking note.

The stocks mentioned in this article have just been deemed as Buys ahead of their earnings releases by analysts who consistently get it right. TipRanks analyst forecasting service attempts to pinpoint the best-performing analysts on Wall Street.

Here are five stocks that top Wall Street analysts say are buys going into earnings: $Apple(AAPL.US)$, $Alphabet-C(GOOG.US)$ , $Starbucks(SBUX.US)$ , $Mitek Systems(MITK.US)$ , $Facebook Inc(FB.US)$ .

Nomura sees Singapore stocks benefiting from the global economic reopening

Singapore’s markets look set to benefit as the world reopens and recovers from the pandemic, according to Nomura’s Chetan Seth.

He said Singapore stocks are possibly among the best plays for the reflation, reopening or cyclical recovery trade regionally. Nomura currently has a neutral call on the country’s market.

US lawmakers near deal on $1tn infrastructure bill

A group of centrist US senators raced to reach a final deal on the text of a $1tn bipartisan infrastructure package on Sunday, with funding for mass transit emerging as a key sticking point and tensions rising over Joe Biden’s sweeping economic agenda.

The $1tn plan would fund investments in roads, bridges, ports, airports, water facilities and broadband networks.

Delivery group that serves south-east Asia’s remote villages weighs IPO

Ninja Van, a logistics group that has used motorcycles, boats and even water buffaloes to deliver 1.7m parcels every day across south-east Asia, is considering an initial public offering as early as next year after being valued at $1bn.

Backed by Facebook co-founder Eduardo Saverin’s B Capital, Ninja Van’s growth in revenue and orders has surged thanks to an ecommerce boom fuelled by south-east Asia’s 400m internet users.

The company is almost break-even and targeting profitability in 2022.