The Weekend Rip: New Highs, Who Dis?

Tale of the Tape

Good evening, everyone. Last week was bonkers. The S&P 500 soared 7%. The Nasdaq ripped 9%.

Here’s the S&P 500 heatmap with last week’s performance. It’s green af.

Are we headed for another strong week following the election? Or will we fall from highs? Place your bets… 

It’ll be another busy week with earnings. McDonald’s and Plug Power will post results on Monday. DataDog and Lyft will report on Tuesday, Disney is scheduled for Thursday. See the calendar below. 

Here’s the weekly S&P 500 chart. The $SPX closed at an all time weekly high. Holy smokes. 💨

S&P 5003,509+7.32%
Russell 20001,644+6.87%
Dow Jones28,323+6.87%
Weekly Percent Changes

New Highs, Who Dis?

As noted above, the S&P 500 closed last week at an all time high. 53 companies in the Index finished Friday at new 52-week highs. 

Here’s the list:

Albemarle Corporation, MSCI, and Zebra Technologies all ripped more than 20% last week.

Zebra Technologies ($ZBRA +22%) was the best stock of the bunch. Here’s the daily chart:

$ZBRA gapped up on Tuesday after it reported Q3 earnings.

Hoops Heist

Need a break from the market?

Jon Finkel has you covered. His latest book, Hoop Heist is available for pre-order on Amazon and the Kindle format is on sale for $10.

Jon tells the untold story of the city of Seattle, the Supersonics, and how the legacy of their stolen team created a transcendent hoops culture and a pipeline of NBA All-Stars, champions and icons with roots in the Emerald City and the Pacific Northwest.

The book includes interviews with NBA legends like, Isaiah Thomas, Brandon Roy, Doug Christie, Jason Terry, Nate Robinson, Jamal Crawford and more.

🏀 Hoops Heist drops December 7, 2020. 

Sunday Links:

🇺🇸 Joe Biden Vows to be President for All in Victory Speech

📰 Sunday Reads: Times of Uncertainty

📈 CWS Market Review – November 6, 2020

🛂 Neue’s Minimal Designs for Norwegian Passports Go Into Circulation

🏠 Two of Frank Lloyd Wright’s Usonian-Style Houses Hit the Market, One for First Time

🏝 Volkswagen and Greece to Create Model Island for Climate-Neutral Mobility

📊 Are Fear, Greed, and Pride hurting your trading? Find out in this Infographic by IBD! *

*This is a sponsored post

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, November 9th, 2020:

Economic Calendar:

  • 11/12  October Consumer Price Index (8:30 AM ET)
  • 11/13  October Producer Price Index (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing

Earnings Calendar:

Be sure to know when your stocks are reporting. Here’s the earnings calendar