Stocks may continue to struggle Thanksgiving week amid Covid-19 outbreaks
- Stocks will continue to focus on both the growing virus outbreak and the potential for a rebound next year, once vaccines are distributed.
- The coming holiday week could continue to be a period of consolidation for the stock market, as restrictions impact the economy during the important Thanksgiving holiday period.
- Markets are watching for any potential news on a fiscal stimulus package from Congress.
- Important data in the week ahead includes durable goods and personal income and spending.
Tesla (TSLA) – Looking like you can’t go wrong buying at any price in this gem. Buyers beware..
Apple (AAPL) – Lagging the rest of the major tech stocks right now. Buy opportunity?
Novavax (NVAX) – This stock is down in a MAJOR way. Looks like a pick up here before they announce their COVID-19 findings.
Draftkings (DKNG) – Do very well and poised to continue its methodical rise upwards!