The Catalyst for
1. Weekly Options Trade – Canopy Growth Corp (NYSE: CGC) Calls
Canadian pot producer Canopy Growth Corp (NYSE:
CGC) reported earnings
Monday, before the market opened, posting a narrower-than-expected fiscal
second-quarter loss and revenue that topped forecasts.
On top of this
report Cannabis stocks are enjoyed a third consecutive day of big gains amid
expectations that Joe Biden will lead a reform effort that will spark
investment in the sector. "While
Tuesday night's election did not clearly show who America thinks should lead
the nation, it did make clear that we are united on replacing our country's
archaic cannabis laws," said the Cannabis Consumer Policy Council.
Marijuana would be decriminalized at a federal level in the United States under
a Biden administration, but efforts toward full legalization may also not be
off the table.
should continue to push the stock price upwards.
Options Trade – Rocket Companies Inc (NYSE:
The Detroit-based mortgage lender Rocket Companies Inc (NYSE: RKT) will report earnings
after the market closes today, Tuesday, November 10, 2020. The consensus
earnings estimate is $1.03 per share on revenue of $4.34 billion; but the
Whisper number is higher at $1.13 per share.
Rocket Companies is a “very well-run company.
Rocket Companies is a much better lender than
traditional lenders in terms of defaults.
Other catalysts for the stock are low
interest rates, an exodus of people moving from the city to the suburbs and a
Joe Biden win in the presidential race.
There’s going to be a wave of immigration.
3. Weekly Options Trade – Pfizer Inc.
Pfizer Inc. (NYSE:PFE) vaccine trial
success signals a breakthrough in the pandemic battle. Pfizer's experimental COVID-19 vaccine is more than 90% effective based
on initial trial results, the drugmaker said on Monday, a major victory in the
war against a virus that has killed over a million people and battered the
An interim analysis of a phase 3 study of tens of thousands of
volunteers showed their COVID-19 vaccine candidate was more than 90% effective
in participants who were not previously infected with the virus. As a result,
PFE shares were up 13.4% Monday morning. The stock closed the day up 7.69%.
Expect this to continue to climb during the week.
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