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The Wrap: Real Estate Up, Industrials, Transports & QCOM Down

The markets opened higher but finished mixed at the end of week. In terms of energy, crude oil was down below $100 a barrel. Bitcoin traded as low as in the $44K range this morning but rallied back up to the $46K range. Next Scott Connor discusses the real estate sector finishing in the green. These stocks include American Tower (AMT), Crown Castle (CCI), Public Storage (PSA), Simon Property Group (SPG), and Digital Realty Trust (DLR). On the other hand, investors saw some weakness in the industrial and transportation names with stocks like Union Pacific (UNP), CSX Corp. (CSX), Norfolk Southern (NSC), United Parcel Service (UPS), and FedEx (FDX). In terms of specific stocks, Qualcomm (QCOM) was taken off the JPMorgan Focus list, and GameStop (GME) is expected to seek shareholder approval for a stock split. Finally, Connor weighs in on the March 2022 Employment Situation data.

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01 Apr 2022

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