News : ➡️ Time to Go Long this Rebounding Media Company

Thursday, November 19, 2020

➡️ Time to Go Long this Rebounding Media Company

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Thursday, November 19, 2020

Pfizer reported that its Covid-19 vaccine had a 95 percent efficacy rating. That topped the 94.5 percent reported by Moderna last week. The race is on to see who can hit 96% first!

While that news is certainly great overall, it will still take time to mass produce and distribute the drug. Healthcare workers on the front line may see the first batches in the next month. In any event, it's clear that the market isn't quite ready to head materially higher until the vaccine can be distributed. That' something we've warned about before—but that warning also carries an opportunity for trading both up and down.

Actionable Trade Ideas For Today:

1		Unusual Pattern of the Day: 21st Century Fox Inc (FOX) Media giant 21st Century Fox (FOX) has seen shares trade largely sideways over the past few months. However, a chart pattern suggests that the worst is over, and that shares are likely to rally.


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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: Morgan Stanley (MS) A strong earnings season and political gridlock have led to a sizeable bounce in many financial stocks. Not surprisingly, a number are staring to look overbought. For a downside trade, Morgan Stanley (MS) is ripe for decent returns.



4		Oversold Stock of the Day: Intel Corp. (INTC) Computer chip giant Intel (INTC) is one of the few tech names not at or near an all-time high. While shares aren't as deeply oversold as they were at the start of the month they're still oversold. On a technical basis, however, they are starting to inch higher.