The Stock Market Is Heading Higher Again -- and the Losers Are Now Winners

[tacobell fan]

The stock market rally continues despite the headwinds -- protests, Covid-19, unprecedented job loss and the potential policing of American cities by U.S. military personnel just to name a few.

Dow Jones Industrial Average futures are up 0.6%. S&P 500 futures have risen 0.5%. Nasdaq Composite futures are 0.5% higher as well in Tuesday morning trading.

Overseas stock markets are in the green too. Hong Kong's Hang Seng Index, for instance, is up 1.1%. Europe's FTSE 100 Index has risen 1% in Tuesday trading. Germany's DAX has climbed 3.7%.

The rally is surprising, but the Covid-19 collapse hit a few sectors harder than others -- and those areas are bouncing back.

Stock in cruise operator Carnival (ticker: CCL), for instance, is up 3% in premarket trading after gaining 16% over the past two weeks. American Airlines (AAL) shares are up 2.8% in premarket trading after rising 13% over the past two weeks. MGM Resorts International (MGM) shares are up about 2.6% in premarket trading, after climbing 16% over the past two weeks.

Energy is also continuing its remarkable comeback. Benchmark crude oil prices are rising again, up more than 2% Tuesday morning. Oil futures are up more than 80% over the past month.

Tuesday's gains are boosting energy-linked shares. Halliburton (HAL) stock is up 2% in premarket trading. Occidental Petroleum (OXY) shares are up 2.5% in premarket trading. Occidental shares rose 6.6% Monday.

Premarket gains aren't all about oil and reopening, however. MoneyGram International (MGI) shares are up about 50% Tuesday morning on reports Western Union (WU) is making a bid for the company. The market likes the idea of combination. Western Union shares are up almost 11% in premarket action. Still, a deal like that doesn't get announced if the parties believe a recovery isn't in the cards.

It's hard to fault investors for being optimistic as the economy reopens. Wall Street is always looking ahead, and is betting on the future, not where things have been. Only time will tell whether that's a winning wager -- or a loser's gamble.

[r2d2]

Donald Jesus Trump the savior..

[tacobell fan]

2 minutes ago, r2d2 said:

Donald Jesus Trump the savior..

show your gratitude via VOTE. Thanks. 

[r2d2]

meanwhile..

”It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday.”

[VictoryTDP]

9 minutes ago, r2d2 said:

meanwhile..

”It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday.”

Market doesn't care we are everGreen