These 2 Stocks Have Stock Market Investors Excited About 2021
The stock market returned to its bullish trajectory on Thursday, with participants once again shrugging off some troubling economic news to focus on prospects for companies in 2021. Rising COVID-19 case counts helped prompt 885,000 Americans to file first-time unemployment claims in the past week, up from previous levels and signaling further stress on the economy. Yet investors seem convinced that the federal government can fix that issue.
Just after 11 a.m. EST today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 107 points to 30,262. The S&P 500 (SNPINDEX: ^GSPC) had gained 15 points to 3,716, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had moved higher by 60 points to 12,719.
When the stock market is climbing sharply, it's helpful to look at how companies are doing with their fundamental businesses. Earnings reports from Rite Aid (NYSE: RAD) and Lennar (NYSE: LEN) gave investors a look at two very different but equally important sectors of the economy, and both gave their shareholders cause to be optimistic about 2021 and beyond.
Source Fool.com
