Search ASX code:
Generic filters

Search ASX code:
Generic filters

Search ASX code:
Generic filters

US stock market rally continues on strong earnings reports

All three US benchmarks finished higher on Wednesday with both the Dow Jones and S&P 500 up 0.8% as earnings season kicked up another gear.

Similarly, the Nasdaq jumped 0.9% despite the US reporting a 75% increase in COVID-19 cases and a 25% increase in deaths.

The successful vaccine rollout means policymakers have hope of avoiding a second slowdown, a benefit not as prevalent in less developed countries.

Chipotle & Coca-Cola report

Chipotle Mexican Grill (NYSE: CMG) jumped over 11% in a positive sign for the likes of Collins Foods Ltd (ASX: CKF) with the company reporting a 40% increase in revenue in the fourth quarter.

Profit was up close to twentyfold, hitting US$188 million on the back of 56 new restaurant openings and an 11% increase in digital sales that now make up 49% of the total.

Elsewhere, shares in Coca-Cola (NYSE: KO) also rallied, with the defensiveness on show as the company reported a 42% increase in revenue to US$10.1 billion.

Earnings also jumped by 50% as it made further market share gains in the non-alcoholic markets.

US stock market movers

Here’s how other popular US stocks traded on Wednesday.

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is expected to follow US markets higher at the open on Thursday. For all the latest, check out Rask Media’s ASX 200 morning report.

Are you stuck wondering where to invest right now? Have you got cash 'sitting on the sidelines'? Are you looking for dividend income AND growth but don't know where to start? Rask's expert ASX analyst team has just released a full report, detailing where we'd invest $10,000 right now.

Not only are we offering these 11 investment ideas completely FREE, we've also released an in-depth podcast to go with the report!

So, whether you have $2,000 or $50,000, our brand new analyst report could help transform your watchlist. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW or simply entering your email below.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Are you stuck wondering where to invest right now? Have you got cash 'sitting on the sidelines'? Are you looking for dividend income AND growth but don't know where to start? Rask's expert ASX analyst team has just released a full report, detailing where we'd invest $10,000 right now.

Not only are we offering these 11 investment ideas completely FREE, we've also released an in-depth podcast to go with the report!

So, whether you have $2,000 or $50,000, our brand new analyst report could help transform your watchlist. Right now, you can get the full analyst report emailed to you for FREE by CLICKING HERE NOW.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

Rask Analyst’s $10,000 Hypothetical Portfolio 

Rask Australia’s expert analysts have just released 11 stock & ETF positions they’d buy right now as part of a $10,000 hypothetical portfolio. 

Completely free, this report comes with the exact ticker codes, how much the analysts would invest and a detailed over the company and why we like it. Plus a 60-min podcast! 

Simply enter your email address and we’ll send you the report.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.