Although there are some signs markets are overstretched, stocks should continue to rally as economies reopen, JPMorgan said.
"The size of the cyclicals run, and their stretched valuations, likely suggest that the bulk of the move might be behind us," JPMorgan said.
Tom Lee says "people aren't bullish enough about the reopening" and that tech stocks are no longer market leaders amid the pandemic recovery.
While much of the Reddit-trader phenomenon died out earlier this month, AMC's climb suggests the retail investors still hold some sway in the market.
Airline and cruise stocks fell on Monday after a new COVID-19 strain identified in the UK led to a wave of more stringent lockdowns and travel restrictions in the area. It’s not yet known if the new COVID-19 strain, which has a higher transmission rate, is impacted by the vaccines […]
Cruise stocks gained on Thursday after Bank of America boosted its outlook for the beleaguered industry. The bank’s analysts raised price targets for Royal Caribbean Cruises, Carnival, and Norwegian Cruise Line Holdings, saying the widespread distribution of a COVID-19 vaccine can bring prices back to their pre-pandemic highs. Carnival and […]