Invesco QQQ Trust (QQQ) are all green just after 12:45 PM EST.
While stocks like General Motors and Activision Blizzard added over 3% apiece in early trading after earnings smashed expectations, analysts are still cautious that stocks may be ready for a pullback.
“I think to some extent the market is now taking a bit of a pause thinking that some of the best news may be behind us at this point on stocks, including the growth stocks, especially as we look to more reopenings,” said Rob Haworth, U.S. Bank Wealth Management senior investment strategist. “I think it’s two-fold: One, a great earnings season that people wonder if it will be repeated, and two, looking more to that reopening story.”
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