News : 👀 This Conglomerate is Coming Back into the Market’s Good Graces

Tuesday, November 24, 2020

👀 This Conglomerate is Coming Back into the Market’s Good Graces

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Tuesday, November 24, 2020

From the rising number of early holiday decorations out, it's clear that folks are ready to change things up. That's party from spending so much time at home this year. That early holiday cheer is clearly on display in the markets as well.

The kickoff season tends to be good for stocks. It can be better for some areas, such as retail. It tends to be seasonally a bit worse for other areas, such as oil, given a drop in driving trends. No doubt this year will have its own unique twists. But it's clear that everyone is ready for the good cheer of the holiday season this year.

Actionable Trade Ideas For Today:

1		Unusual Pattern of the Day: Loews Corporation (L) Conglomerate Loews Corporation (L) has seen shares jump higher on improving earnings this month. It's been a tough year for the conglomerate, which owns natural gas and pipeline assets, a chain of hotels, and a commercial insurance business.


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3		Overbought Stock of the Day: ViacomCBS (VIAC) Media companies have performed well in recent sessions. A rise in streaming service revenues and increased time watching programs has fared well for many names. That's also created overbought conditions in a few stocks, including ViacomCBS (VIAC).



4		Oversold Stock of the Day: BeyondSpring (BYSI) Shares of BeyondSpring (BYSI) have dropped from $17 to $10 in recent sessions. With that strong a selloff, it's no surprise that shares are now looking heavily oversold, and are poised to reverse some of their recent losses.