Your weekly outlook
The past week saw the market zeitgeist shift somewhat away from the pesky day-trading rascals on Reddit and towards bitcoin, which repeatedly set new records. The red-hot cryptocurrency got a coveted co-sign from Tesla, which said that it bought $1.5 billion worth and would start accepting it as payment.
It then surged even more to all-time highs after further adoption from the likes of Mastercard and BNY Mellon. With bitcoin now back at record highs, some age-old questions will persist over the coming weeks: Can increasingly widespread adoption continue to offset concerns the coin s price is overextended? And who else will follow the lead of these high-profile companies?
stocks he s buying.
Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli.
Your weekly outlook
The past week saw the market zeitgeist shift somewhat away from the pesky day-trading rascals on Reddit and towards bitcoin, which repeatedly set new records. The red-hot cryptocurrency got a coveted co-sign from Tesla, which said that it bought $1.5 billion worth and would start accepting it as payment.
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It then surged even more to all-time highs after further adoption from the likes of Mastercard and BNY Mellon. With bitcoin now back at record highs, some age-old questions will persist over the coming weeks: Can increasingly widespread adoption continue to offset concerns the coin s price is overextended? And who else will follow the lead of these high-profile companies?
JP Morgan equity analysts are saying 2021 will remain a stockpickers paradise in a research note.
The analysts are bullish on smid-cap stocks based on their analysis of the state of the market.
We list the firm s top 22 investment ideas in the small- and mid-cap space.
At the start of the year, JPMorgan equity analysts advised investors there would still be upside opportunities in the market, despite what could be a rocky first quarter with COVID-19.
What transpired was a very strong two-month rally that built on the soaring gains in the small- and mid-cap market over the previous year. The Russell 2000 index has gained nearly 16% so far in 2020, compared with a 4.5% gain in the S&P 500.
Deutsche Bank is getting bullish on a aerospace recovery, triggered by the vaccine rollout.
The sector s valuations are still attractive, offering cheap options to play the reopening trade.
These are the firm s top 7 aerospace and defence stocks set to soar on the vaccine recovery.
Inoculation programs are kickstarting around the globe, and Deutsche Bank is getting bullish on the upside this presents for the aerospace and defence sector, particularly as air travel gradually resumes.
The sector is one of the worst performers globally over the last year. The MSCI aerospace and defense index is down over 25% year-on-year, despite a number of other reopening-trade stocks staging steep recoveries since the crash last March. Indeed, the MSCI global value index is now only 0.1% below where it was 12 months ago.
Rates are rising as investors forecast economic recovery, but what does this mean for equity markets? Goldman Sachs unveil the 26 stocks to buy for the rebound, even if interest rates stay low.