Shares in the second quarter went up strongly despite COVID-19

The second quarter of 2020 was definitely the "revival" of economies on the new platform of state capitalism, which was based on supporting monetary policy bringing the institutions of fiscal and monetary policy closer together as part of crisis management. Extensive stimuli aimed at counteracting the largest economic recession since the 30s have fostered "animal instincts" and speculation on a scale unprecedented since 2000, and maybe even from the crazy 20s.

About the Author

Peter potter - director of equity markets strategy in Saxo Bank. Develops investment strategies and analyzes of the stock market as well as individual companies, using statistical methods and models. Garnry creates Alpha Picks for Saxo Bank, a monthly magazine in which the most attractive companies in the US, Europe and Asia are selected. It also contributes to Saxo Bank's quarterly and annual forecasts "Shocking forecasts". He regularly gives comments on television, including CNBC and Bloomberg TV.

Although there has already been a massive return to the stock market, this does not mean that the problems are behind us. At the beginning of the third quarter, the position of the markets is still uncertain. VIX index indicates that the summer period will be characterized by considerable volatility, and after the publication of QXNUMX profits we will finally get to know the real losses of the enterprise sector and, perhaps, a general vision of the situation in the coming months.

The most popular companies at Saxo Bank in the second quarter globally

You're here (+ 124 %)

The company managed to attract widespread attention again thanks to unprecedented growth in the second quarter above USD 1 / share. Although Elon Musk in May stated on Twitter that the valuation of shares was overpriced, the opinion of investors turned out to be different. Interests for the second quarter will be interesting because they will show more precisely if Tesla coped with the pandemic.

CHECK: How to buy TESLI shares

Boeing (+ 40 %)

After the catastrophic beginning of 2020, aircraft manufacturers even soared at the time of rebound in the markets in the second quarter. The losses associated with COVID-19 are enormous because, as a result of the pandemic, air traffic has been significantly reduced, which translates into delays in purchasing a new fleet. Opening markets in more countries may have been a long-awaited light in the tunnel, but it is still uncertain how long it will take for passengers and airports to return to normal before the pandemic.

Danske Bank (+ 19 %)

Following the money laundering scandal, the largest Danish lender has initiated a long and difficult process of rebuilding the loyalty of its customers and regulators. President Chris Vogelzang is currently undergoing restructuring, but it is not yet known if this will bring any tangible results, as the industry is still struggling with low interest rates and the possible consequences of the COVID-19 pandemic.

Apple (+ 51 %)

At the beginning of 2020, the COVID-19 pandemic upset Apple's stability due to the fact that most of the production was suspended due to lockdown in China. After the opening of the Chinese economy and the end of the initial phase of fear in March, investors came to the giant in the smartphone industry, thanks to which on June 23 Apple recorded a record maximum.

CHECK: How to buy APPLE shares

Microsoft (+ 34 %)

Since the takeover of Microsoft in 2014 by Satya Nadella, he leads the company towards the digital future with a particular focus on cloud computing. This seems to be a good strategy because Microsoft's Internet solutions, in particular in the digital communications and office technology segment, were successful in the isolation period associated with COVID-19.