Good MorningThe market got a healthy dose of good news on Monday when Pfizer released news about its COVID-19 vaccine. According to Pfizer, the vaccine candidate had a greater than 90% efficacy rate in an early trial. The news is exactly what the market has been waiting for and drove the broad market S&P 500 up more than 5.0%.
The S&P 500 and NASDAQ Composite moved up to set new all-time highs on the news while the Dow Jones lagged the overall move and that’s where the good news ends. On a technical basis, Monday’s action lacked strength. The market opened at a new high and then spent the rest of the day moving lower. The candlesticks formed vary from index to index but all can be described as indicative or confirming resistance to higher prices and the end of the post-election rally.
Featured: Turn 1K into $509,940 (Wyatt) 
|
Politics | | Negotiators from Britain and the European Union were meeting Monday to seek a breakthrough in gridlocked trade talks, with just days until a deadline to strike a post-Brexit deal.
EU chief negotiator Michel Barnier is due to meet his British counterpart, David Frost, in London, after ... Read the Full Story |
|
From Our PartnersLegendary hedge fund manager, Roger Scott, who turned his $20 million fund into over $740 million has discovered a mysterious tool allowing people like YOU to get ahead of this Robinhood takeover… | | Continue Reading |
|
Politics | | World markets climbed Monday as investors breathed a sigh of relief after days of U.S. presidential limbo ended with Democrat Joe Biden declared the president-elect.
France's CAC 40 jumped 1.7% in early trading to 5,045.70, while Germany's DAX surged nearly 2.0% to 12,724.48. Britain'... Read the Full Story |
|
Politics | | Asian shares and U.S. futures rose Monday on relief the U.S. presidential election results were finally decided, with Joe Biden the president-elect.
Strong Chinese trade data released over the weekend also helped. Many in the region expect trade tensions to de-escalate under a Biden ... Read the Full Story |
|
From Our PartnersA breakthrough discovery is about to catapult one neglected biotech to the top of the marijuana industry. With 56 cannabis drug patents... this company could turn every $1,000 stake into $61,770. But you need to take action before an upcoming Senate vote turns the company into a household name. | Click here for details. |
|
Markets | | In a surprise vote, California’s Proposition 22 which allows ride-hailing services such as Lyft (NASDAQ:LYFT) to qualify its drivers as independent contractors was passed. Not surprisingly, Lyft stock gapped up after the vote.
Read the Full Story |
|
Tech | | Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value.
The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 bil... Read the Full Story |
|
From Our PartnersI call it my "Dividend Map", and I'll show you exactly where to find the safest companies that pay the highest yields. (HINT: Texas has 6 of these companies sending huge payouts that average 67%!). I'm willing to send you my Map... but only if you click here right now. If I don't have your name on my list in the next 2 hours, I'll assume you don't want to make monster dividends. | Click here right now.
|
|
Politics | | The Turkish lira firmed against the dollar on Monday a day after the finance minister, who is also the son-in-law to President Recep Tayyip Erdogan, announced his resignation on social media.
The lira jumped 5.8% to 8.02 per dollar, even though it was not immediately clear whether Erd... Read the Full Story |
|
Markets | | Retail department store operator Kohl’s Corporation (NYSE: KSS) has been consolidating in an ever-tightening range for the past five months and underperforming the benchmark S&P 500 index (NYSEARCA: SPY). Read the Full Story |
|
Markets | | It’s Time To Buy More McDonald’s
McDonald’s (NYSE:MCD) has been a decent pandemic-rebound play but there is more to the story than that. The king of fast food has been working hard over the past couple of years to streamline its menu and operations and put the company back on trac... Read the Full Story |
|
Markets | | There’s Little Not To Like About CVS Health Corporation
Shares of CVS Health Corporation (NYSE:CVS) have been struggling to maintain their value over the past few years but that is about to change. The merger with Aetna is well-completed at this point in the game and the outlook for earnings ... Read the Full Story |
|
Markets | | The homebuilding sector is showing no signs of slowing down. Median home sales prices continue to set record-highs. Mortgage rates below 3% are starting to seem like the new-normal. And the NAHB Index another record high in October, increasing two points from September’s reading.
On top of al... Read the Full Story |
|
The Early Bird Stock Of The Day Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines covering approximately 13,455 miles of interconnected pipelines; 855 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 199.5 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 25 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice industries, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York. | View Today's Stock Pick |
|