(AAL), Apple Inc. (NASDAQ:AAPL) – Zooming Up: Zoom Shares Skyrocket After

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There’s a saying about the weather in March: It comes in like a lion and goes out like a lamb.

While we don’t know how the market will end the month, it started off with a roar. Stocks surged Monday as the 10-year Treasury yield seemed to be stabilizing and investor optimism about the vaccine rollout and coronavirus stimulus from Congress brightened the mood considerably from the selling pressure last week. 

In a sense, Monday’s trading let investors have their cake and eat it too as equities tied to the economic recovery, those that have been stay-at-home stalwarts, and tech-related stocks that have been hot during the pandemic did well. The calmer 10-year yield also seemed to ease concerns about more-expensive corporate borrowing.

This morning is starting off on a quieter note, which is perhaps to be expected after such a strong rally yesterday. There doesn’t seem to be a strong urge to book profits. It just seems like investors maybe want to take a breather as the session gets going.

One notable pocket of activity, though, is in Zoom Video Communications Inc (NASDAQ: ZM). Its shares are up more than 7% in pre-market trading this morning, and that’s after they surged nearly 10% in regular trading yesterday. The video conferencing software company handily beat expectations on its top and bottom lines and issued strong guidance for its fiscal first quarter and fiscal 2022 year. 

There has been some worry that stay-at-home stocks might begin to fade along with the pandemic, but the ZM results at least show that the company is hanging on to clients pretty well for the moment. 

In other earnings news, Target Corporation (NYSE: TGT) reported better than expected earnings and revenue but didn’t give guidance for the year ahead. Its shares were up slightly in premarket trading this morning. 

This morning, signs favorable to a risk-on mindset include a Cboe Volatility Index (VIX) that’s under 25 and higher U.S. crude. But it remains to be seen whether stocks will add to yesterday’s incredible rally or whether investors will just take it easy today to try to get the lay of the land. 

Broad-Based Rally

During yesterday’s trading, in the camp of companies that would likely be helped as vaccines bolster a recovery, American Airlines Group Inc (NASDAQ: AAL) and United Airlines Holdings Inc (NASDAQ: UAL) both gained more than 1% while the Energy sector was one of the best performing in the S&P 500 Index (SPX).

Information Technology took the best-performing-sector crown and the Nasdaq Composite (COMP) outperformed the other two main U.S. indices as technology names such as Apple Inc (NASDAQ: AAPL) did well. Another darling of the lockdown era, Amazon.com, Inc. (NASDAQ: AMZN), also gained, as did ZM and Peloton Interactive Inc (NASDAQ: PTON), the poster children of the stay-at-home trade.

Straddling both worlds, shares of Walt Disney Co (NYSE: DIS) rose more than 3% yesterday. DIS is a hybrid…



Read More:(AAL), Apple Inc. (NASDAQ:AAPL) – Zooming Up: Zoom Shares Skyrocket After

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