Good MorningThe week ended with a quiet day of trading on Friday. The major indices seesawed between gains and losses during the day but held within tight ranges. The rising number of COVID cases has the market on edge but a spark of hope remains in that the vaccine news is still good. There are two vaccines on track for emergency approval and could be available to front-line workers within the next two months.
Speaking from a trader’s perspective, the market is entering a lull between earnings reporting seasons. There won’t be much to move the market for the next 6 weeks other than economic data and political news and you can be sure it will spark some volatility. Next week is quiet except for Wednesday. There are nine major reports due out that day because of the Thanksgiving holiday. Investors and traders should expect light volume.
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This year has dramatically changed the consumer shopping landscape. The pandemic has altered the way we buy both essential and non-essential goods and accelerated e-commerce growth globally.
So, it stands to reason that certain consumer-related stocks should continue to benefit from the unusual s... Read the Full Story |
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Politics | | | Leaders from Japan and New Zealand have warned countries against the temptation of retreating into trade protectionism, saying that keeping markets open is the way to revive a global economy battered by COVID-19 Read the Full Story |
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Markets | | | Electric vehicle (EV) company Kandi Technologies Group, Inc. (NASDAQ: KNDI) stock has seen interest in recent months as the EV craze pivoted from Tesla (NASDAQ: TSLA) to Chinese EV makers. With the recent earnings blowout momentum from Chinese EV makers like Xpeng (NYSE: XPEV) and Li Auto (NYSE: LI)... Read the Full Story |
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Markets | | | Asian shares are mixed in muted trading after Wall Street eked out modest gains amid a tug of war between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future Read the Full Story |
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Stocks | | | Banking as a service company Green Dot Corporation (NASDAQ: GDOT) has transformed itself from just a prepaid debit card maker to a fully integrated fintech bank holding company in a few years. Shares are still outperforming the benchmark S&P 500 index (NYSEARCA: SPY). The growth of mainstream di... Read the Full Story |
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Markets | | | Global shares were mixed in muted trading Friday amid a continuing conflict between current worries over the worsening pandemic and optimism that vaccines will rescue the economy in the future.
France's CAC 40 rose 0.2% in early trading to 5,487.73, while Germany's DAX dipped slightl... Read the Full Story |
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Politics | | | Gov. David Ige says anyone flying to Hawaii will be required to have a negative COVID-19 test result prior to their departure for the state, with the new rule going into effect two days before Thanksgiving Read the Full Story |
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Politics | | | SEOUL, South Korea __ South Korea’s prime minister has urged the public to avoid social gatherings and stay at home as much as possible as the country’s coronavirus tally hovered above 300 for a third consecutive day.
The Korea Disease Control and Prevention Agency said Friday the 363... Read the Full Story |
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Markets | | | Williams-Sonoma Is A Proven Winner
Williams-Sonoma (NYSE:WSM) emerged as a pandemic-winner over the summer and what I can say now is that trends are accelerating. The combination of brand and eCommerce is a winning combination that is driving not only high-double-digit sales growth but accelerating... Read the Full Story |
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Markets | | | That Starbucks (NASDAQ: SBUX) struggled mightily in fiscal Q3 (which ended June 28) wasn’t much of a surprise: Revenue dipped 38% yoy for the quarter and US comps were down 65% yoy at their low point. Read the Full Story |
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The Early Bird Stock Of The Day GreenSky, Inc., a technology company, that enables promotional financing at the point of sale for merchants, consumers, and bank partners. It offers a proprietary technology infrastructure that supports the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions. The company was founded in 2006 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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