US stock markets closed the first week of February with significant gains. Investor optimism rose again in line with the progress of the vaccine distribution process and the release of solid financial reports for the fourth quarter of 2020. In addition, the congress is also rumored to be paving the way to approve a stimulus package even without the support of the Republican party.
In line with the strengthening of the global market, JCI was also able to book an increase of 4.94% over the past week. The issuer’s performance release for the 2020 financial year is expected to be the main focus of investors for the foreseeable future. For today, JCI is expected to be able to continue strengthening with a range of movement at 6,090-6,250.
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