Stock Markets Bounce as Laird Superfood Looks Hungry, Regions Financial Banks on Better Times
There are a lot of big events coming in the next couple of weeks, and stock market investors are struggling to keep all the uncertainty from weighing on their investment strategies. Washington is the epicenter of much of the intrigue, with negotiations for economic stimulus ongoing and the presidential election just 14 days away. Market participants were a bit more optimistic Tuesday morning than they were on Monday. Shortly before 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 128 points to 28,323. The S&P 500 (SNPINDEX: ^GSPC) gained 16 points to 3,443, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 37 points to 11,516.
Plant-based protein products have been popular among consumers over the past couple of years, and the recent initial public offering of Laird Superfood (NYSEMKT: LSF) added another player to the growing universe of companies in the space. Meanwhile, Regions Financial (NYSE: RF) was the latest financial institution to release its earnings results for the third quarter, and investors liked what they saw.
Shares of Laird Superfood climbed 5% Tuesday morning. The company co-founded by surfing athlete Laird Hamilton continued to ride positive momentum from favorable analyst comments earlier in the week.
Source Fool.com
