stocks

Adidas, Telecoms Help European Stocks Eke Out Gains | Investing News

By Sruthi Shankar and Devik Jain

(Reuters) – Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors.

The pan-European STOXX 600 index edged 0.2% higher after a rally in technology stocks on Tuesday pushed the benchmark to its highest level since February 2020.

Miners, retailers, and travel and leisure companies led the declines in Europe, while telecoms jumped 1.0%.

German sportswear maker Adidas AG jumped 3.4% after it forecast a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America following fourth-quarter results.

European markets recorded a strong start to March, with the German DAX hitting an all-time high as investors snapped up so-called cyclical stocks like banks and oil firms on hopes of a strong economic rebound from the

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Georgia Vote Impacts Cannabis Stocks

In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Bill Barker to discuss how the Senate elections in Georgia send ripple effects to the market, as cannabis and solar stocks pop. Walgreens (NASDAQ:WBA) sells its drug distribution business to AmerisourceBergen (NYSE:ABC) in a cash and stock deal worth $6.5 billion. Wyndham Destinations (NYSE:WYND) buys Travel & Leisure magazine from Meredith Corporation (NYSE:MDP), and announces a new corporate name and ticker symbol. Bill analyzes those stories and considers which ambassador post he would prefer under a Mann administration.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on January 6, 2021.

Chris Hill: It’s

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Travel and transport stocks nosedive as countries ban flights from UK

British Airways Boeing 787-8 Dreamliner passenger aircraft as seen on final approach flying, touching down, landing and taxiing in Amsterdam Schiphol AMS EHAM International airport in the Netherlands at Polderbaan runway. The wide-body modern and advanced airplane of BA has the registration G-ZBJG and is powered by 2x RR Rolls Royce jet engines. British Airways is the flag carrier of the United Kingdom UK connecting London Heathrow in England to the Dutch city Amsterdam. BAW Speedbird is owned by IAG International Airlines Group and is member of Oneworld aviation alliance. The world passenger traffic declined during the coronavirus covid-19 pandemic era with the industry struggling to survive. Amsterdam, Netherlands on November 18, 2020 (Photo by Nicolas Economou/NurPhoto via Getty Images)
A raft of countries have banned travel from the UK, with Germany, Italy, the Netherlands, Austria, Belgium and Israel, first announcing a travel ban on Sunday. The news knocked travel stocks on Monday. Photo: Nicolas Economou/NurPhoto via Getty Images

Travel, leisure and transport stocks were some of the biggest decliners in the market on Monday after a new variant of the coronavirus in the South East of England forced the UK government to introduce fresh lockdown measures.

British Airways owner IAG (IAG.L) slumped as much as 16% after the opening bell, with jet maker Rolls-Royce (RR.L) not far behind, down 14% in early trade.

Shares recovered slightly during the day but still ended firmly in the red. IAG and Rolls closed 8% and 3% lower, respectively.

EasyJet (EZJ.L) dropped 7% and Ryanair (RYA.L) lost 5%, while cruise-ship operator Carnival (CCL.L)

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Axon Capital’s Singh Sees Vaccine Boosting Travel, Entertainment Stocks | Investing News

NEW YORK (Reuters) – Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services during the pandemic, hedge fund manager Dinakar Singh said.

With vaccines against Covid on the horizon, Singh, who runs Axon Capital, expects a flood of pent-up demand for travel to see far-flung business clients and employees, visit grandparents and take vacations.

“Things are going to be explosive,” Singh, who headed Goldman Sachs’ proprietary trading unit before forming his own fund in 2005, said at the Reuters Global Investment Outlook Summit. “There well could be a huge surge of pent up demand for activities that have been restricted because of the virus.”

After personal savings rates climbed early in the pandemic, stocks broadly recovered. The Standard & Poor’s 500 index has gained 12% since January and

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