US stocks shot higher on Tuesday and remained high throughout the session, leading to many predictions about what message the market was trying to send about the presidential election.
However, perhaps investors have not been greeted by who they think will win, but by profit margin.
“With the way the retail market is doing, it is clear that investors are expecting the election process to be completed quickly and early,” said Dan Raju, CEO of financial technology and brokerage services company Tradier. “The fact that the Dow, S&P and Nasdaq are all trading high on election day shows confidence.”
“Investors certainly don’t expect a long period of uncertainty – they believe things are predictable, contrary to many expectations ahead of Election Day.”
In both cases, investors on both sides of the political aisle walked out winners with the Dow Jones industry average Increase by 2.1% to 27,480.
Other actions on the stock market today:
The S&P 500 increased by 1.8% to 3,369.
The Nasdaq Composite improved by 1.9% to 11,160.
The Russell 2000 slammed 2.9% to 1,614.
What will come long after tomorrow?
Now everything is in the hands of the voters. And considering that a solid result of the presidential election is unlikely to arrive until tonight (at the earliest!), We’ll spend this space instead keeping an eye on the future.
In the last two months of the year and in the course of 2021, investors will be offered several new growth options thanks to initial public offerings (IPOs).
Whether you like blue chip powerhouses like many of you Warren Buffett’s favorite growing herd, or Small cap tech stocks increasingly making their mark, they all have something in common: at least a track record of performance and a lot of publicly available data.
IPOs, on the other hand, are more of a guessing game at first. Even so, they are popular with investors, especially in cases where they are well-known brands that retail investors have long wanted to leave behind.
We keep our eyes open a dozen bakers initial public offerings (IPOs) that is expected to start in late 2020 or sometime next year. IPOs are a far cry from slam dunks, so investors should exercise caution, but each of these names has the potential to be an exciting addition to most growth portfolios.