Good MorningThe market got a healthy dose of good news on Monday when Pfizer released news about its COVID-19 vaccine. According to Pfizer, the vaccine candidate had a greater than 90% efficacy rate in an early trial. The news is exactly what the market has been waiting for and drove the broad market S&P 500 up more than 5.0%.
The S&P 500 and NASDAQ Composite moved up to set new all-time highs on the news while the Dow Jones lagged the overall move and that’s where the good news ends. On a technical basis, Monday’s action lacked strength. The market opened at a new high and then spent the rest of the day moving lower. The candlesticks formed vary from index to index but all can be described as indicative or confirming resistance to higher prices and the end of the post-election rally.
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Over the last week, we have seen some truly remarkable moves in China-based companies that produce and manufacture electric vehicles. With flurries of analyst upgrades, solid delivery numbers, and lots of bullish sentiment about the potential of the Chinese EV industry, these supercharged stocks a... Read the Full Story |
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From Our Partners | | What happens when you hand your best friend $1,000 and make him place his first real trade?
This Sunday, a veteran trader is walking his marketing manager through a setup that’s worked 87% of the time this year — and shows how a single trade could turn $1,000 into $1,500 by Monday morning. | | Join the live trading walkthrough this Sunday at 7PM |
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Markets | | | In a surprise vote, California’s Proposition 22 which allows ride-hailing services such as Lyft (NASDAQ:LYFT) to qualify its drivers as independent contractors was passed. Not surprisingly, Lyft stock gapped up after the vote.
Read the Full Story |
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Stocks | | |
When you think of Chinese e-commerce companies, it’s quite likely that the first one that comes to mind is Alibaba (NYSE:BABA). However, investors need to understand that there’s room for more than one successful e-commerce business in one of the world’s largest economies. The ma... Read the Full Story |
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From Our Partners | | President Trump’s
“Pure Genius” Crypto Plan
First came “Make America Great Again” (MAGA)…
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It’s a revolutionary crypto plan that could flood a tiny corner of the market with up to $3.7 trillion.
Already, it’s helping small plays jump as high as 300%, 318%, 520%, and even 600%. | | For a few days only, Jeff’s sharing everything — including how to get a huge discount on his researc |
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Tech | | | Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.
The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 bil... Read the Full Story |
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Tech | | | Joe Biden will inherit a mangled U.S. economy — one that never fully healed from the coronavirus and could suffer again as new infections are climbing.
The once robust recovery has shown signs of gasping after federal aid lapsed. Ten million remain jobless and more layoffs are becomin... Read the Full Story |
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From Our Partners | | A little-known Title 15 provision could let you collect instant payouts — $100 to $1,000 — directly from your smartphone.
You don’t need to trade stocks or own assets. Jeff Clark has used this strategy for years with elite clients, and now he’s revealing it in a short video for everyday Americans. | | Watch how to collect your first payout here |
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Politics | | | ANCHORAGE, Alaska -- Alaska on Saturday reported hitting a daily record in new coronavirus cases.
The state reported 604 cases, the highest in a single day since Oct. 25, when 526 cases were tallied, the Anchorage Daily News reported.
The Department of Health and Soci... Read the Full Story |
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Politics | | | SANTA FE, N.M. — New Mexico on Saturday for the second day in a row reported nearly 1,300 additional COVID-19 cases and 16 additional deaths.
Officials say there are 1,287 additional cases, a one-day record that was the same number reported Friday. But officials on Saturday also said... Read the Full Story |
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Politics | | | JERUSALEM — Israel has allowed most retail shops to repen for the first time in nearly two months, in the latest phase of its exit from a second coronavirus lockdown.
Under the new rules, shops can accept up to four customers at a time, and indoor shopping malls remain closed.
... Read the Full Story |
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Markets | | | The Hershey Company Is Focused On Growth
The Hershey Company (NYSE:HSY) has been a lagging stock during the rebound and that is a surprise. The company is focused soundly on treats and sweets but it is also a diversified play on snacking with growth in its sights. The company has been working to re... Read the Full Story |
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Markets | | | There’s Little Not To Like About CVS Health Corporation
Shares of CVS Health Corporation (NYSE:CVS) have been struggling to maintain their value over the past few years but that is about to change. The merger with Aetna is well-completed at this point in the game and the outlook for earnings ... Read the Full Story |
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The Early Bird Stock Of The Day Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines covering approximately 13,455 miles of interconnected pipelines; 855 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 199.5 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 25 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice industries, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York. | | View Today's Stock Pick |
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