All posts by Todd Mitchell

Bulls Tap Fresh All-Time Highs

The market showed continued momentum on Tuesday with the small-caps and blue-chips setting fresh all-time highs. The gains were fueled by news the Trump administration has approved the start of a formal transition to President elect Biden.Additionally, the pick of Janet Yellen for Treasury Secretary calmed fears of a more radical pick and added to […]

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Extreme Option Profits Chart of Day…BioNTech (BNTX)

On Nov. 18, we again highlighted opportunity in BNTX.This time on news its vaccine had an effective rate of 95%.  At the time, it traded at just $90.44.  This morning, it’s set to open around $109 a share.  Even now, BNTX offers a good deal of opportunity after it and partner, Pfizer submitted Emergency Use […]

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Small-Caps Tap Another All-Time High

The stock market rebounded on Monday following the 3rd-straight week of a positive announcement concerning coronavirus. AstraZeneca (AZN) said that its vaccine is up to 90% effective but slightly below the 95% effective rates from the previous companies that have reported updates.The small-caps tapped a new record high while Tech was more volatile after trading […]

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Fender sales boom as guitar playing surges during the pandemic

Business was looking pretty grim for Fender Musical Instruments Corp., the legendary guitar maker, when the coronavirus pandemic reached U.S. shores last March. Suddenly, 90% of its worldwide dealers’ physical stores closed, as did many of its online sellers’ distribution centers. Fender’s factories in Corona, California, and Ensenada, Mexico, shut down, furloughing hundreds of employees. […]

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Market Mixed for the Week

The stock market traded in another tight range on Friday as ongoing coronavirus concerns and renewed state restrictions weighed on sentiment. Selling pressure picked up in the final hour of trading with the lower closes for the major indexes giving the bulls and bears a split for the week.Overbought conditions remain in play while volatility […]

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Samsung wearable device sales have jumped more than 30% this year, exec says

Samsung Electronics’ wearable device sales are up by more than 30% this year, a senior executive at the world’s largest consumer electronics and smartphone company told CNBC.Taejong Jay Yang, senior vice president at Samsung Electronics, said consumers are buying wearable products that they can use to monitor their health during the coronavirus pandemic.“Although a majority […]

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Bulls Rebound Despite Rising Jobless Claims

The stock market traded in the red throughout the first half of Thursday’s action following news Initial Jobless Claims gained 31,000 to 742,000 last week. The concern over coronavirus cases continued as New York closed the nations biggest school district with more closures coming in other major cities by Friday night.The bounce off the lows […]

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Extreme Option Profits Chart of Day…BioNTech (BNTX).

Keep an eye on Pfizer (PFE) and BioNTech (BNTX).The two just said their vaccine is 95% effective against the virus. That’s up from the 90% results issued on Nov. 9, and follows news from Moderna that its vaccine showed 95% effectiveness, too.“The study results mark an important step in this historic eight-month journey to bring forward […]

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Choppy Action Continues

The overall market was choppy on Wednesday after trading on both sides of the ledger while closing in the red for the second-straight session. Better-than-expected housing numbers and ongoing vaccine hopes provided strength on the open that fizzled midday.The bears pushed lower lows but haven’t made much of a dent following the recent push to […]

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Airbnb’s IPO filing shows it’s navigating the pandemic better than travel industry peers

Airbnb is in the challenging position of preparing to go public amid a slump in revenue. But relative to the rest of the travel industry, the company is thriving.In its IPO prospectus on Monday, Airbnb said that third-quarter revenue dropped 18% to $1.3 billion. Compare that to food delivery company DoorDash, which said in its […]

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