😕 The Market’s Always Afraid of Something

Good morning. October once again proved to be a challenging month for stocks.

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. October once again proved to be a challenging month for stocks. For 2020, it came in second to March. The final drop came as many big-name tech companies reported good earnings. Great earnings would have been better. And it also didn't help that many of these companies can't offer much in the way of guidance in these uncertain times. Many traders see that trend continuing. While the election is tomorrow, a few pundits are pointing to contested elections that may drag out the final results for weeks. That uncertainty could add additional volatility to stocks until it's resolved. Don't worry, though. Markets always find something to worry about. So once the election uncertainty ends, it'll be something else. Today's fear-based moves, however, are enough to make one wish for the China trade war volatility of 2019. Now heres the rest of the news: Sponsored Content It's Happening Again… With the market pulling back going into election season, this top trader believes there's a handful of stocks that could earn you thousands of dollars in a matter of weeks. Whenever retail traders see a stock that's lost its fair value… They pile in. And it's resulted in these windfall profits like… 89.2% on Delta Airlines, 217.7% on Tesla, 235% gain on Norwegian Cruise Lines, and dozens more. Click HERE to pull back the curtain on the next BIG capital flood opportunity MARKETS DOW 26,329.19 -1.24% S&P 3,249.96 -1.82% NASDAQ 10,911.59 -2.45% *As of market close • Stocks slid on Friday as many big-name tech companies disappointed on earnings. • Oil declined 1.8 percent, closing at $35.51 per barrel. • Gold rallied 0.6 percent, closing at $1,879 per ounce. • Cryptocurrencies mostly gained, with Bitcoin rising 0.5 percent to $13,536. Today's TOP TIPS Follow this Election Trend for Profits Certain sectors of the economy tend to be more susceptible to an election than others. Defense spending can impact the value of defense contractors. One of the bigger areas that tends to see big swings? Managed-care companies, also known as the health-insurers. History shows that these companies tend to decline before an election, and then recover. A recent analysis shows that these stocks tend to underperform the stock market by over one-third heading into an election. » FULL STORY Insider Trading Report: Universal Insurance Holdings (UVE) Jon Springer, President and CRO at Universal Insurance (UVE), recently picked up 10,000 shares. The buy increased his holdings by nearly 2 percent and came to just over $117,000. He was joined by Stephen Donaghy, CEO, who also picked up 10,000 shares, paying just over $119,000. The company CIO also picked up 350 shares. This is the second cluster of insider buying in 2020, and insiders have been entire buyers since 2019. » FULL STORY Unusual Options Activity: NIO Limited (NIO) Chinese electric-vehicle company NIO Limited (NIO) has been a runaway winner and popular stock to trade. One trader sees shares heading even higher before the end of the year. That's based on the surge in buying on the December $39 calls. Over 1,580 contracts traded on Friday, a ten-fold rise in volume from the prior open interest of 158. The trade expires in 48 days, and requires a near-30 percent jump in shares from here to move in-the-money. » FULL STORY IN OTHER NEWS • Europe faces a double-dip recession as a new wave of lockdowns increase. • U.S. household spending rose 1.4 percent in September. • Credit Karma is in talk to sell its tax preparation business to Square (SQ). • Netflix will raise prices for both its standard and premium plans. • In earnings, Facebook drops on a decline in users in the U.S. and Canada. • Under Armour rallies after an earnings beat from strong footwear sales. • Google reports an earnings beat, with a rise in Google Cloud revenue pushing shares higher. • ExxonMobil reports its third straight quarterly loss. • Shares of Twitter drop on declining users, even as the company beats on earnings expectations. • Amazon beats on earnings, but higher operating costs weigh on profitability. S&P 500 MOVERS TOP MHK 10.897% RMD 6.924% DVN 5.681% TAP 5.623% CCL 5.624% BOTTOM TWTR 21.114% ETSY 8.179% ADM 7.372% ILMN 7.05% WU 6.896% Quote of the Day When you think about the U.S. elections, Covid worsening [and] all sorts of other news items coming out in the next couple of weeks, it could be a fairly scary time. One thing we pointed to for a while… is the chance the election results are delayed. In that case, it's almost certainly risk-off. So, a lot of reasons to be concerned over the next week to ten days. - Michael Schumacher of Wells Fargo Securities on the potential risk for markets over the next week as the election plays out amidst increasing Covid lockdowns around the world. Sponsored Content It's Happening Again… With the market pulling back going into election season, this top trader believes there's a handful of stocks that could earn you thousands of dollars in a matter of weeks. Whenever retail traders see a stock that's lost its fair value… They pile in. And it's resulted in these windfall profits like… 89.2% on Delta Airlines, 217.7% on Tesla, 235% gain on Norwegian Cruise Lines, and dozens more. Click HERE to pull back the curtain on the next BIG capital flood opportunity Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow › Step #3 - Connect With The Community: Trading Tips Official Facebook Group Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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