Dear Savio, I hope that you had a safe and happy Thanksgiving! The stock market continued to cheer the start of the holiday season last week. As a result, all of the broader indices are on track to post their best monthly gains in nearly three decades. In fact, the S&P 500 and Dow both soared more than 11% in November. Clearly, investors are in the holiday spirit. Interestingly, Main Street isn’t as cheerful as Wall Street heading into the happy time of year. As we’ll discuss in your Weekly Profit Guide, consumers were a bit more cautious in November than they were in October. The reality is that rising COVID-19 cases and many states efforts to curb the disease with new restrictions has reignited consumers’ concerns. The good news is that Americans are still spending this holiday season, albeit a bit differently. Today, we’ll take a closer look at Black Friday sales and projections for Cyber Monday sales. We’ll also discuss how consumers are spending more online and on their home projects. And as always, we’ll wrap up today with a few company updates. The third-quarter earnings season is winding down, but we have a few stragglers still coming in. So, we’ll review the latest earnings results from our Buy List companies, as well as consider a few upcoming earnings reports. Read more in today's Weekly Profit Guide, online now. Sincerely, Louis Navellier |
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