News : 👉 The Amazon of China is Due for a Rebound

Friday, November 20, 2020

👉 The Amazon of China is Due for a Rebound

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Friday, November 20, 2020

Unemployment claims ticked up for the first time in five weeks on Thursday. Home sales also rose. Typically, those two data points would seem at odds with each other. But the nature of the Covid-19 crisis has been one that's benefitted asset owners—whether in stocks or homes—while hitting the job market hard.

That's why it's important to stay invested and to take advantage of the market's swings. By doing so, it can help to offset the challenges that the labor market faces amidst a potential second round of pandemic closures.

Actionable Trade Ideas For Today:

1		Unusual Pattern of the Day: Alibaba (BABA) Shares of Alibaba (BABA) have been sliding since the Chinese government pulled the Ant Group IPO. That company is also a brainchild of Alibaba founder Jack Ma. However, thanks to a recent pattern that's emerged in shares, the worst of the selloff could be over.


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2		One New Company Looks Ready To Capitalize on Massive Demand for Lithium With a low share price and 68,000 acres in the renowned Lithium Triangle, this company is positioned to meet the lithium supply shortage facing TSLA and other EV manufacturers. See the detailed report HERE



3		Overbought Stock of the Day: Applied Materials (AMAT) Many tech stocks are trading at or near all-time highs. Most have also seen an explosion higher already this month, and may be due for a breather. One such name is Applied Materials (AMAT). Shares of this semiconductor giant are up over 25 percent since the start of the month.



4		Oversold Stock of the Day: Servotronics (SVT) In a market near all-time highs and firing on all cylinders, it's tough to find oversold companies, but there are a few. Servotronics (SVT) is throwing off oversold readings following a large decline this month.