Stocks

Here’s what a Biden presidency spells for stocks, bonds and commodities

After days on tenterhooks, investors now have clarity about the next occupant of the White House and will start planning for the presidency of Joe Biden.

On Saturday, Biden was projected the winner by the Associated Press. The 77-year-old Democrat beat Trump in Pennsylvania and other key states, propelling him to victory over incumbent President Donald Trump.

The projections for victory for the former vice president come amid the heavy toll of the COVID-19 pandemic that had framed much of the race.

Here’s what the changing political landscape means for investors across Wall Street.

Stocks

Regardless of the victory in the 2020 elections, analysts said a declared winner and thus less election uncertainty paves the way for even higher U.S. stock prices, even with the President Trump’s campaign, as recently as Saturday morning, stating his intent to challenge the election results in several battleground states.

Also, many investors had

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2 Top Healthcare Stocks That Jumped Last Week

Last week wasn’t a great one for the overall stock market, but it worked out well for investors holding some of the best stocks in the healthcare sector. 

Company (Symbol) Price Change During Week Ended Oct. 23, 2020  Market Cap
Align Technology (NASDAQ:ALGN) 40% $37 billion
Kodiak Sciences (NASDAQ:KOD) 26% $4.3 billion

Data source: Yahoo! Finance.

Here’s what drove these stocks higher, and why they can probably keep on climbing.

1. Align Technology: A big rebound 

Translucent braces are increasingly popular, and this company markets a leading brand, Invisalign. Shares of Align Technology shot up last week after the company reported third-quarter revenue that rose 20.9% year over year to $734 million.

Two healthcare professionals looking at a chart.

Image source: Getty Images.

Efforts to contain the global COVID-19 pandemic led Wall Street to assume much of Align’s business would be gobbled up by its main competitor, SmileDirectClub (NASDAQ:SDC), which

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Declines Were Led by Value-Oriented Sectors as Opposed to Technology Stocks

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Mixed day for global stocks amid troubles with Brexit, US tech

World stock markets were mixed Friday as European traders mulled Britain’s increasingly acrimonious war dance with the EU, while in the United States technology shares continued to pull back.

Sterling remained under pressure as Britain sparred with Brussels, rejecting an ultimatum to withdraw controversial Brexit legislation but agreeing to extend talks next week.

On the plus side for British industry, a stuttering currency — which hauled itself off multi-month midweek lows — has been helping to boost share prices of index multinational’s earnings in dollars.

Those increases helped London’s FTSE index gain ground on Friday.

After Thursday’s sterling selloff, the pound was stable on Friday amid news the British economy expanded 6.6 percent — albeit still well off pre-coronavirus levels.

“Ultimately UK investors will probably thank the UK government for pushing down sterling and allowing the FTSE the room to recover 6000 (points),” said Chris Beauchamp, chief market analyst at

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Global Semiconductor Sales Rise YoY in July: 5 Stocks to Buy

Global sales of semiconductors rose year over year in July, according to the Semiconductor Industry Association (SIA). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.

Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.

Global Semiconductor Sales Increase YoY

Worldwide sales of semiconductors increased 4.9 % in July to $35.2 billion from $33.5 billion a year earlier. Also, sales in July were 2.1 % higher than the June total of $34.5 billion. Moreover, sales in the Americas remained strong in July, increasing 26% year over year, with improvement seen globally in both memory and non-memory products.

Regionally, sales increased on a year-over-year basis in the Americas (26.3%), China (3.5%) and Asia

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Global stocks mixed after Wall Street advances to record

BEIJING (AP) — Global stocks were mixed Monday after Wall Street turned in its fifth straight weekly gain and China’s manufacturing growth held steady.

Frankfurt and Tokyo advanced while London opened lower and Hong Kong declined.

U.S. stocks benefited from Federal Reserve chairman Jerome Powell’s announcement of a strategy change that could keep interest rates low. The change, dubbed “average inflation targeting,” could hold down rates even if inflation hits the Fed’s 2% target.

In early trading, the FTSE 100 in London lost 0.6% to 5,963.57 while Frankfurt’s DAX gained 0.7% to 13,122.16. The CAC 40 in France added 0.9% to 5,050.16.

On Wall Street, futures for the benchmark S&P 500 Index and the Dow Jones Industrial Average were up 0.3%.

On Friday, S&P 500 gained 0.7% while the Dow rallied 0.6%. The S&P gained 3.3% for the week.

Asian markets opened higher but all except Japan retreated, ending the

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