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Markets Nov. 11, 2020

An overview of the market for Nov. 11.
(GH Studio)
(GH Studio)
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Today’s News: Lyft’s business improves amid challenges, Apple unveils Macs with its new, in-house M1 chip and the economic outlook of a Covid-19 vaccine.

For ROIC members, I’ve now rolled out Company Data pages with consensus estimates and valuation metrics, so check it out! Also, in case you missed it, our second favorite value stock is up 25% over the last 9 trading days. Our value portion of the portfolio, although concentrated, is hedging this sector rotation pretty well.

Market Summary (10:50 A.M. ET): “Technology shares lifted major indexes Wednesday after lagging earlier this week when promising vaccine news sent investors into cyclical stocks.” WSJ writes.

  • S&P 500: $3,565.96 (+0.58%)
  • Nasdaq: $11,717.88 (+1.40%)
  • Bitcoin: $15,608.71 (-0.40%)
  • Gold: $1,861.40 (-0.88%)
  • U.S. 10-Year Yield: 0.979%
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