.

Swing Trade Idea – November 9, 2020

Market View

In the premarket the markets are flying globally on positive PFE/BNTX data from the phase 3 Covid vaccine trial. Market has made a hard rotation into the laggard companies which are the most economically sensitive such as travel & leisure, hotels, financials, small caps, restaurants and out of large cap tech, work from home and many of the leaders.  Markets are potentially going limit up today and will be needless to say extended.  Reopen stocks are very extended and the leaders are backing off so one idea is to look at dips in companies that are strong with good business models. Economic factors will become important so strong companies on dips is an idea.

Premarket names:

Vaccine PFE BNTX Earnings beat PLUG CGC  Financials BAC JPM AMX  Travel and Leisure AAL CCL EXPE LVS MGM AMC DIS   Energy XLE HAL  Weed names CGC ACB 

Stock Idea; LVS

LVS is a casino operator with large Macau operations.  This is a reopening stock but was positive before the PFE announcement today.  Still alot of room on the upside in the longer term.