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China Stock Market Set To Add To Its Winnings

China Stock Market Set To Add To Its Winnings

(RTTNews) – The China stock market has finished higher in back-to-back sessions, surging more than 140 points or 4.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,360-point plateau and it’s got a positive lead again for Tuesday’s trade.

The global forecast for the Asian markets is upbeat, with tech shares expected to lead the way higher. The European markets were mixed and the U.S. bourse were broadly higher and the Asian markets are tipped to follow the latter lead.

The SCI finished sharply higher on Monday following gains from the financials, properties and oil and insurance companies.

For the day, the index soared 86.39 points or 2.64 percent to finish at 3,358.47 after trading between 3,286.11 and 3,359.15. The Shenzhen Composite Index surged 73.40 points or 3.31 percent to end at 2,289.36.

Among the actives, Industrial and Commercial Bank of China climbed 1.02 percent, while Bank of China collected 0.62 percent, China Construction Bank jumped 1.47 percent, China Merchants Bank rallied 3.81 percent, Bank of Communications advanced 1.10 percent, China Life Insurance soared 4.48 percent, Ping An Insurance surged 3.80 percent, PetroChina gained 1.21 percent, China Petroleum and Chemical (Sinopec) added 0.76 percent, China Shenhua Energy increased 0.97 percent, Gemdale spiked 2.40 percent, Poly Developments accelerated 2.30 percent and China Vanke gathered 1.00 percent.

The lead from Wall Street is broadly positive as stocks moved sharply higher on Monday, extending the strong upward move seen in recent sessions and sending the major averages to their best closing levels in a month.

The Dow jumped 250.62 points or 0.88 percent to finish at 28,837.52, while the NASDAQ surged 296.32 points or 2.56 percent to end at 11,876.26 and the S&P 500 perked 57.09 points or 1.64 percent to close at 3,534.22.

Technology stocks led the

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China Stock Market May Add To Friday’s Gains

China Stock Market May Add To Friday’s Gains

(RTTNews) – The China stock market returned from its long National Day holiday to the upside on Friday, after finishing lower in four of five sessions before the break. The Shanghai Composite Index now sits just above the 3,270-point plateau and it’s got a positive lead again for Monday’s trade.

The global forecast for the Asian markets is cautiously optimistic, with optimism for stimulus tempered by weakness from the oil markets. The European and U.S. bourses were up and the Asian markets are tipped to open in similar fashion.

The SCI finished sharply higher on Friday following gains from the properties and oil and insurance companies, while the financials were mixed.

For the day, the index spiked 54.02 points or 1.68 percent to finish at 3,272.08 after trading between 3,260.19 and 3,280.51. The Shenzhen Composite Index surged 66.42 points or 3.09 percent to end at 2,215.96.

Among the actives, Industrial and Commercial Bank of China fell 0.20 percent, while Bank of China collected 0.31 percent, China Construction Bank eased 0.16 percent, China Merchants Bank added 0.50 percent, Bank of Communications rose 0.22 percent, China Life Insurance advanced 0.95 percent, Ping An Insurance surged 2.15 percent, PetroChina gained 0.49 percent, China Petroleum and Chemical (Sinopec) increased 0.51 percent, China Shenhua Energy climbed 0.61 percent, Gemdale was up 0.21 percent, Poly Developments jumped 1.07 percent, China Vanke improved 0.04 percent and Beijing Capital Development spiked 1.64 percent.

The lead from Wall Street is solid as stocks opened higher on Friday and remained in the green throughout the session to finish higher for the third straight day.

The Dow climbed 161.40 points or 0.57 percent to finish at 28,586.90, while the NASDAQ spiked 158.94 points or 1.39 percent to end at 11,579.94 and the S&P 500 jumped 30.30 points or 0.88 percent to

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Trump and Biden’s plans would both add to the debt, analysis finds

Trump and Biden’s plans would both add to the debt, analysis finds

Campaign plans from President TrumpDonald John TrumpTrump and Biden’s plans would both add to the debt, analysis finds Trump says he will back specific relief measures hours after halting talks Trump lashes out at FDA over vaccine guidelines MORE and former Vice President Joe BidenJoe BidenTrump and Biden’s plans would both add to the debt, analysis finds Trump says he will back specific relief measures hours after halting talks Chance the Rapper, Demi Lovato to play digital concert to encourage voting MORE would each add about $5 trillion to the debt over a decade, according to an analysis from the Committee for a Responsible Federal Budget (CRFB) released Wednesday.

Under the budget watchdog’s central estimates, Trump’s plan would add $4.95 trillion to the debt while Biden’s would increase the debt by $5.6 trillion. The estimates exclude spending proposals aimed at addressing the coronavirus pandemic and related economic downturn.

“The country’s large and growing national debt threatens to slow economic growth, constrain the choices available to future policymakers, and is ultimately unsustainable,” CRFB said. “Yet neither presidential candidate has a plan to address the growth in debt. In fact, we find both candidates’ plans are likely to increase the debt.”

Biden has released detailed proposals in areas including education, health care, infrastructure and taxes, while Trump has released general bullet points about his second-term agenda. CRFB interpreted Trump’s bullet points based by looking at budget proposals, previous statements and more detailed proposals from others.

Because the candidates’ proposals were often unclear, CRFB released low-cost, central and high-cost estimates of Trump’s and Biden’s plans. The group found that Trump’s plans could increase the debt by $700 billion to $6.85 trillion over 10 years, while Biden’s plans could have an impact on the debt that ranges from a $150 billion reduction

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Why You Should Add Wintrust Financial (WTFC) to Portfolio

Why You Should Add Wintrust Financial (WTFC) to Portfolio

Wintrust Financial Corporation WTFC appears to be a solid bet now, driven by strong fundamentals and promising prospects. The factors that might drive the stock higher include impressive organic growth, strategic efforts to boost presence and capital strength.

Over the past 30 days, the Zacks Consensus Estimate for earnings for 2020 and 2021 has been revised 2% and 3.8% upward, respectively.

Further, shares of this Zacks Rank #2 (Buy) firm have gained 19.8% in the past six months, outperforming 4.9% growth recorded by the industry it belongs to.

Wintrust Financial has a number of other aspects that make it an attractive investment option.

Revenue Strength: Wintrust Financial continues to make steady progress toward improving its top line since 2013. The company recorded a consistent rise in its sales, witnessing five-year compound annual growth rate (CAGR) of nearly 16% (ended 2019).

The company’s projected sales growth (F1/F0) of 10.06% (against the industry’s average of about 2.55%) indicates constant upward momentum in revenues.

Solid Inorganic Growth Strategies: Wintrust Financial’s capital strength has been helping it to grow inorganically. As part of this strategy, the company completed the acquisition of Countryside Bank STC Capital Bank in 2019. The deal bolstered its presence in western suburbs of the Chicago metropolitan area.

Earnings Growth: In the last three-five years, the company witnessed earnings growth of 16.31% compared with the industry’s average of 12.81%. In addition, the company’s long-term (three-five years) estimated earnings per share growth rate of 17% promises rewards for investors over the long run.

Impressive Balance Sheet Growth: Wintrust Financial’s loans and deposits witnessed a CAGR of 11.9% and 12.7%, respectively, over a five-year period (ended 2019). Also, both loan and deposit balances are likely to improve in the quarters ahead.

Reasonable Valuation: The stock looks undervalued right now when compared with

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