It’s almost here — Tuesday is National Sandwich Day.
More pertinently to financial markets, Tuesday also is the date of the U.S. election. Pre-election nerves have definitely been on display this week, though markets also have had to contend with a fresh European lockdown and the impasse in U.S. stimulus talks.
David Trainer, founder of the independent research firm New Constructs, has put out a list of five stocks to own regardless of the election. He says all these picks have attractive risk vs. reward, large cash reserves and strong market share.
One is JPMorgan Chase JPM,
Simon Property Group SPG,
The housing market has been strong throughout the COVID-19 pandemic, and Trainer likes builder D.R. Horton DHI,
The Hershey Co. HSY,
Allstate Corp. ALL,
Thursday night saw U.S. technology giants report their gargantuan earnings, though investors reacted differently to the results.
Google owner Alphabet GOOG,
Social-media giant Facebook FB,
Coffee chain Starbucks SBUX,
The latest data on personal income, consumer spending, employment costs, Chicago-area activity, and consumer sentiment are set for release.
President Donald Trump and former Vice President Joe Biden both made campaign stops in the critical state of Florida on Thursday. London betting markets are pricing in a 65% likelihood of a Biden victory. Analysts at Goldman Sachs say there is a gap between betting markets and polling, in part because Biden enjoys a smaller polling lead in tipping-point states, and because markets are building in expectations that Trump will outperform polls by at least 3 percentage points.
After Thursday’s 139-point gain for the blue chips DJIA,
How much of the recent coronavirus spike is due to increased testing? This chart plots per-capita testing rate vs. per-capita coronavirus cases. It should be noted that the Czech Republic, almost off the chart, didn’t really have a first wave of the pandemic. Spain and France stand out among the world’s major economies as being particularly hard hit.
In the wake of rioting in Philadelphia, Walmart WMT,
A Leeds, England man has gotten around the U.K. government’s ‘rule-of-six’ social distancing law by setting up a limited liability company and hiring his family and friends on zero-hour contracts.
One type of spider can hear — without ears.
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