A Great Day for the Markets but Not for Everyone

1. A Great Day for A Great Day for the Markets but the Markets but Not for Everyone Not for Everyone A great day for the markets overall need not necessarily mean good news for everyone. Disappointing earnings can push down investor enthusiasm. TradeZero Ocean Place Cable Beach, Unit #1 Nassau, Bahamas

2. The stock market is almost a reflection of the world – not everyone has good times together. With direct market access brokers offering advanced platforms for online trading, you get a clear picture of the market before you make trading decisions. But you still need to look beneath the surface to identify the right stocks to buy. Tuesday, Feb 11 Saw the Market Rally Continue Tuesday morning was great for the stock market, as its big rally continued. The major market benchmarks hit all-time highs. The Dow Jones (DJI) soared 123 points to hit 29,400. The S&P 500 had a 22-point rise to 3,374. The Nasdaq Composite Index had an 83-point rise to 9,711. This was despite the persistence of the coronavirus pandemic. The assurance came from Fed chair Jerome Powell, who testified that coronavirus wasn’t yet impacting monetary policy significantly. This was particularly great for T-Mobile US ($TMUS) and Sprint ($S), while Under Armour’s ($UA, $UAA) earnings reports attracted negative reactions from investors. Sprint - T-Mobile Deal Approval Spreads Optimism The reason behind investors’ optimism towards Sprint and T-Mobile is the court approving the acquisition of Sprint by T-Mobile. Their merger can now go ahead, and that news evoked positive responses from investors, sending Sprint’s stock soaring by 73%. According to a federal judge, the Sprint – T-Mobile deal isn’t likely to snuff out the competition in the wireless telecom market in the US, as feared. The judge was also reportedly impressed by T-Mobile’s spirit of innovation, which is considered to be able to boost the industry. The judge reckons T-Mobile is offering innovations benefiting customers. This wasn’t the situation earlier. The deal was in doubt, with state attorneys against a merger which would reduce the number of major carriers to 3 in the United States, granting more pricing power to fewer competitors. This delay had caused Sprint stock to slump. With all hopes of a deal gone, this favorable ruling has boosted the stock. T-Mobile shares have also risen by over 10%. It’s clear that there is a great deal of excitement among shareholders over what T-Mobile could bring to the market. www.tradezero.co +1.954.944.3885

3. Under Armour Needs a Big Turnaround For Under Armour, it was the other way round. Its shares were down 16%, with investors being worried about its Q4 financial report. While sales had a 4% climb for the fourth-quarter, rising to $1.44 billion, they failed to match investors’ expectations. There was a modest loss that the apparel manufacturer had to experience too. The challenges for the sports apparel manufacturer now are meeting the demand challenges and increasing the efficiency of its business. CEO Patrik Frisk is looking to prioritize the company’s investments particularly as a new restructuring plan is underway. It would be easier said than done though. That’s because it has stiff competition from other players in the athletic apparel space. Its sales in China have also been hit in the region of $50 million to $60 million, owing to the coronavirus outbreak. Guidance downgrades are expected. As you’ve seen, it’s been a different day for different stocks though it is considered a memorable one overall for the markets. With effective direct access trading platforms, you can make the right decisions. www.tradezero.co +1.954.944.3885