4 New Quick Earnings Plays
Welcome to the Rude Awakening for January 21, 2021…
Stocks are holding near recent record levels, after the S&P, Dow and Nasdaq hit record highs yesterday.
As Yahoo Finance reports, “The S&P 500 posted its best Inauguration Day return since Ronald Reagan’s second inauguration in 1985, according to an analysis by LPL Financial. And the index’s move from Election Day to Inauguration Day was its best ever, with the S&P 500 climbing more than 14% between Nov. 3 and Wednesday’s close.”
ALL All-Time Highs
We can look to the coming stimulus for the reason. Markets seem to be thinking more short-term than long-term when it comes to the new administration.
It might be surprising, but a quote from John Petrides, portfolio manager at Tocqueville Asset Management, to elaborate.
“I’ve actually been very surprised by how the market has really brushed aside all the political issues that we’ve had in the first three weeks of the year. I would have assumed coming into the year that had the Democrats swept the Senate, the House and won the presidency that the markets would have sold off on the back of a potential increase in the corporate tax rate in the future. Clearly I think investors are focused on the short term and Biden’s go-big policy on fiscal stimulus, which is clearly much needed as the COVID cases continue to rip through the U.S.”
And so, we look at short-term opportunities…
Short-Term Earnings Plays
In today’s video we go through 4 different earnings plays you can get in on…
And why these are my favorites coming up!
That’s it for today folks.
Have a great, safe trading day.
See you tomorrow!
Editor, Rude Awakening