Anxiety is fading as the stock market enters the homestretch for 2020 with the wind at its back.
Stocks dipped last week, but there are several reasons why it wasn’t terribly bearish.
Target (TGT) surpassed estimates across the board: profit, revenue and same-store sales. Digital also grew 155 percent. Gross margin beat estimates by a full percentage point after effective merchandising reduced markdowns.
Consider these points about the period between Friday, November 6, and Friday, November 13:
Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD) and cannabis stock GrowGeneration (GRWG) surged to new territory.
Stocks jumped to new highs this week thanks to Pfizer’s coronavirus vaccine, but it’s also causing major changes in the market.
Stocks began November with a monster rally, and there are at least five reasons why.
Apple unveiled its first 5G iPhones this month, and the suppliers are already flying.
The Presidential Election tomorrow won’t just determine who sits in the White House. Outcomes in Congress could also have a major impact on fiscal stimulus at the same time coronavirus threatens to shut down the economy again. There’s a Federal Reserve meeting, as well, plus key employment data and more corporate earnings.
We’re finishing the busiest and most important week of earnings season. The five most-valuable U.S. companies issued results. Here’s a quick breakdown:
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