Earnings & Movers

11.9.2020

All-star investor Rich Bernstein sees 'a very bearish sign for the economy and corportate profits' - CNBC

"He uses the tech-heavy Nasdaq's outperformance versus the Russell 2000 as a harbinger - referring to it as a dramatic and "very bearish sign for the economy and corporate profits".

 

Pfizer's Covid Vaccine Prevents 90% of Infections in Study - Bloomberg

"Eight months into the worst pandemic in a century, the preliminary results pave the way for the companies to seek an emergency-use authorization from regulators if further research shows the shot is also safe."

 

Gold? No Thanks. Investors' New Favorite Safe Haven Is Tech Stocks. - Barron's

"Tech has become all things to all investors. Who needs small-caps and start-ups when Microsoft (MSFT) can grow eanings 20%? Who needs consumer staples when Facebook is used every day by 1.8 billion people?

 

Federal Lawsuit Points to Payments' Future - WSJ

"The Justice Department's suit against Visa's Plaid acquistion has implications for investors across the entire payment industry"

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