News: 👉 This Consumer Giant is Due for a Pullback, Buy this Money Manager Instead

Monday, November 2, 2020

👉 This Consumer Giant is Due for a Pullback, Buy this Money Manager Instead

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Monday, November 2, 2020

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.

Actionable Trade Ideas For Today:

1		Unusual Pattern of the Day: KBR Inc. (KBR) Engineering firm KBR (KBR) has struggled in recent sessions. However, a chart pattern has emerged that suggests that the worst may be over.


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2		Tesla Is Dead. Elon Musk Is Ruined. Electric cars are about to become a thing of the past. Thanks to a new discovery known as "Blue Gas companies that produce electric cars *(like Tesla)* are about to go down in flames. "Blue Gas" is 100% emission-free, propels vehicles hundreds of miles, and allows cars to fully charge in minutes. Bloomberg projects that "Blue Gas" will "skyrocket 1,000 times over." But "Blue Gas" is slated to go global soon. And this company driving the "Blue Gas" industry is primed to shatter any gains paid out by Tesla. More HERE.



3		Overbought Stock of the Day: Sony Corp. (SNE) Shares of Sony Corp (SNE) have soared in recent sessions. The move is likely occurring as traders dive in ahead of the retail launch of the PlayStation 5 console. The console is expected to be a big hit this holiday season.



4		Oversold Stock of the Day: Franklin Resources (BEN) Shares of Franklin Resources (BEN) dropped by over 13 percent last week as the company reported worse-than-expected earnings. Even with a rise in assets under management to over $1 trillion, investors soured on shares.