News
Presidential Results Interactive
https://apps.npr.org/elections20-interactive/
Biden Agenda To Face The Challenges Of A Closely Divided Congress
"Biden has proposed a $2 trillion plan to fight global warming that includes a vast expansion of solar and wind energy, a network of electric vehicle charging stations and a plan to reach zero net-emissions by 2050. But many moderate Democrats are skeptical of those plans and Republicans have mocked the proposal and successfully ran against the proposal in states like Texas and South Dakota."
What CEOs Expect From Biden Presidency:
More PredictabilityCorporate leaders foresee more traditional relationship with White House, with fewer surprises, and urge next administration to prioritize pandemic
https://www.wsj.com/articles/what-ceos-expect-from-biden-presidency-more-predictability-11604844466
- The wealthy will pay more. Biden promised to hike tax rates on income above $400,000 to 39.6% from 37% currently. He also said he’d slap payroll taxes on that high-rolling bracket, and scrap tax breaks for capital gains and dividends. The top 0.1% of earners would pay 43% in income taxes under Biden’s plan, per the Penn Wharton Budget Model.
- Companies will pay more. Biden ran on a pledge to increase the corporate tax rate to 28% from 21%. He also proposed leveling higher taxes on companies that move overseas.
- The government will spend more. Biden’s platform included $2 trillion earmarked to jumpstart clean energy projects and $1.5 trillion for healthcare. Biden’s proposed plan for a coronavirus stimulus package includes another round of direct payments to Americans, though we don’t know how much.
Missed Move on CVS
CVS beat Q3 revenue expectations by about $400 million thanks to a surprisingly robust 6% rise in retail sales compared to last year.
CVS Names Karen Lynch to Succeed Longtime CEO Larry Merlo
https://finviz.com/quote.ashx?t=CVS&ty=c&ta=0&p=d
Weed stocks on the move
Did You Digest the whole employment Report?
https://www.bls.gov/news.release/pdf/empsit.pdf
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Watchlist
| APVO [NASD] |
| Aptevo Therapeutics Inc. |
| Healthcare | Biotechnology | USA |
120% 70mc 3f 40% Pull-Back
Adopts Limited Duration Stockholder Rights Plan
Nov 3rd rally since
| ONCT [NASD] |
| Oncternal Therapeutics, Inc. |
| Healthcare | Biotechnology | USA |
70% 75mc 12f 40% Pull-Back
Nov 4th Third Quarter 2020 Financial Results and Provides Business Update
| TBLT [NASD] |
| ToughBuilt Industries, Inc. |
| Industrials | Tools & Accessories | USA |
30% 28mc 38f
| AMC [NYSE] |
| AMC Entertainment Holdings, Inc. |
| Communication Services | Entertainment | USA |
55% 340mc 55f
possible short squeeze
| UUU [AMEX] |
| Universal Security Instruments, Inc. |
| Industrials | Security & Protection Services | USA |
30% 6mc 2f
Q2 earnings of $0.31 per share. This is a 203.33 percent increase over losses of $(0.30) per share from the same period last year. The company reported $6.46 million in sales this quarter. This is a 78.27 percent increase over sales of $3.62 million the same period last year.
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Watchlist 👉👉 https://tradejournal.co/post/monday-pre-market-top-gainers-apvo-onct-tblt/
