Thursday, November 26, 2020

😴 A Quieter Holiday Season Begins

Good morning, and happy Thanksgiving! There's something refreshing about a holiday centered on..
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, and happy Thanksgiving There's something refreshing about a holiday centered on abundance and gratitude. This year more than ever, it's a wonderful time to pause and count our blessings. While 2020 may not be the year initially envisioned, the world has made some remarkable progress.

In less than a year, we've gone from identifying a deadly pathogen to dealing with a global pandemic and lockdown to developing several vaccines. We learned the dangers of shutting down the entire economy, and how to speedily reopen—or keep things digitally open as much as possible. We saw the first market crash in over a decade. But as it was swift and sharp, so too was the subsequent rebound. So we have a lot to be grateful for, including our wonderful readers and customers who have been with us on the investment journey this year.

Have a wonderful and safe holiday!


Now here's the rest of the news:

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With record-high valuations, it's hard to find a good bargain these days. But one tech company is the exception. Its shares trade for under $10, and it's positioned to become a dominant player in the 5G space. That's why the time to get in is now. Before it becomes a household name…

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MARKETS
DOW 29,872.47 -0.58%
S&P 3,629.65 -0.16%
NASDAQ 12,094.40 +0.48%
*As of market close
Stocks traded mixed into the holiday weekend, pulling back from all-time highs.
Oil rallied 1.9 percent, closing at $45.76 per barrel.
Gold traded flat, closing at $1,805 per ounce.
Cryptocurrencies declined slightly, with Bitcoin last trading at $18,848.

Today's TOP TIPS
This Covid Vaccine Play Will Likely Head Higher
Stocks have had a strong month thanks to the end of election uncertainty and the announcement of several Covid-19 vaccines. That takes some of the biggest risks in the market off the table.

While that's been good for most companies, many firms can still perform even better in the months ahead. That includes the manufacturers of vaccines themselves, which still need to move from a successful announcement to a delivered product.

» FULL STORY

Insider Trading Report: Old Republic International (ORI)
Michael Kennedy, a director at Old Republic International (ORI), recently bought 1,494 shares. The buy represented an initial stake in the company. The purchase came to a total cost of just over $26,000.

Insiders have been buyers for months in relatively small amounts. Last month saw two directors buy a total of 2,200 shares. The last insider sale was in the autumn of 2019, at far higher prices than today.

» FULL STORY

Unusual Options Activity: Walgreens Boots Alliance (WBA)
At least one trader is betting that shares of pharmacy chain Walgreens Boots Alliance (WBA) will rally in the coming weeks. That's based on the surge of buying in the December 18th $41 calls. Those options just saw a 33-fold rise in volume, going from 100 open contracts to seeing over 3,250 trade.

The buyer paid about $0.36, and expire in 22 days. To move in-the-money, shares would need to rally 7.3 percent from their current price near $38.20.

» FULL STORY

IN OTHER NEWS
Consumer confidence drops amid rising Coivd cases and lockdowns.
Elon Musk overtakes Bill Gates to become the world's second-wealthiest person.
Holiday travel spending is set to be down 45 percent compared to 2019.
General Electric plans more cuts in its aviation division as travel demand looks to remain low for years.
Spice giant McCormick pays $800 million for hot sauce company Cholula.
AMP Robotics, a maker of trash and recycling sorting robots, looks to raise up to $70 million.
Compass Pathways' Atai life Sciences raises $125 million for developing psychedelic drugs.
In earnings, Best Buy beats with a 174 percent online sales jump and 23 percent rise in same-store sales.
Dick's Sporting Goods beats on a sales surge and appoints a new CEO.
Credit Suisse writes down $450 million from a stake in a U.S. hedge fund, impacting profitability.

S&P 500 MOVERS
TOP
ETSY 5.443%
ADSK 4.738%
PYPL 4.107%
ZM 3.782%
TSLA 3.353%
BOTTOM
GPS 19.613%
FTI 6.308%
CRM 5.375%
PPL 4.205%
F 3.915%

Quote of the Day
Housing prices were notably – I am tempted to say 'very' – strong in September. This month's increase may reflect a catch-up of COVID-depressed demand from earlier this year; it might also presage future strength, as COVID encourages potential buyers to move from urban apartments to suburban homes. The next several months' reports should help to shed light on this question.
- Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, on whether or not rising home prices are indicative of a one-time jump or part of a more sustainable trend.

Sponsored Content
The Best Tech Stock to Buy for Under $10
With record-high valuations, it's hard to find a good bargain these days. But one tech company is the exception. Its shares trade for under $10, and it's positioned to become a dominant player in the 5G space. That's why the time to get in is now. Before it becomes a household name…

Details here.


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