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Stock impact report

Certain sectors could be a 'trap' as stocks rally, strategist says [CNBC]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: CNBC
The Ford Motor Co. Michigan Assembly plant stands idle in Wayne, Michigan, U.S., on Monday, March 23, 2020.Anthony Lanzilote | Bloomberg | Getty ImagesAs stock markets worldwide rally on the back of promising news of potential coronavirus treatments, some sectors could be a "trap" for investors, according to State Street Senior ETF Strategist Rebecca Chesworth.Friday's rally came after news that adrug developed by Gilead Sciences However, Chesworth told CNBC's "Street Signs Europe" on Friday that thesheer scale of job losses in the U.S."That is a significant toll to take on the household budget, and therefore a lot of the stocks which have been moving in the last two weeks — and let's be honest, it's been quite a crazy rally given what has been going on in the background — but what we're seeing is people get excited again about retailers, leisure companies, luxury, autos, and that really does seem to be a bit of a trap at the moment," Chesworth said.VIDEO3:5203:52Certain sectors 'a tr Show less Read more
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