We've seen it time and time again. A group of stocks gets super hot. We all make a ton of money and… poof. The sector goes cold as a stone...
It's Main Street's Turn
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| | | | | | | Roger Scott | 20+ years of trading experience managed over $900 million teaching thousands daily. | | | | | | Why Stay-at-Home Stocks Are Falling | | | | |
We've seen it time and time again. A group of stocks gets super hot. We all make a ton of money and… poof. The sector goes cold as a stone. And that's what's been happening the past month and that's why stay-at-home stocks are falling.
Pick any of the stay-at-home stocks like Zoom Video Communications Inc. (Nasdaq: ZM), Amazon Inc. (Nasdaq: AMZN), Peloton Interactive Inc. (Nasdaq: PTON) and many others. Chances are their shares are lower than they were three or four weeks ago, despite the rest of the stock market's march upward.
And that leaves you to wonder… "I bought these great stocks. They're the best of the best in their industries. So after watching the broader market go straight up for days at a time, why are my stay-at-home stocks falling instead of helping push markets even higher?"
It's a classic trap, and WealthPress trader Jeff Yastine will tell you why… | | | | |  |
| November 20, 2020 | Global stock markets are subdued this morning as worries remain high over the rise in COVID-19 infections and whether a potential vaccine could salvage global economies moving forward. With state and local governments in the U.S. imposing tougher precautionary measures (like mask mandates, banning indoor restaurant dining and closing gyms) to combat rising COVID-19 cases, all eyes are on Washington.
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| November 18, 2020 | Global stock markets opened higher this morning after Pfizer Inc. (NYSE: PFE) said its COVID-19 vaccine is more effective than first advertised. Pfizer said Wednesday that its vaccine is now 95% effective in preventing COVID-19, and that the company plans to submit the potential drug to U.S. regulators in just a matter of days. But how long will it take us to get our hands on it?
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