{"id":197090,"date":"2020-11-03T17:25:11","date_gmt":"2020-11-03T22:25:11","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=197090"},"modified":"2020-11-04T08:32:40","modified_gmt":"2020-11-04T13:32:40","slug":"election-day-rally","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/election-day-rally\/","title":{"rendered":"Election day rally"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/59\/Richard-Croft\">Richard Croft<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> (<strong>A Top Pick Nov 09\/18, Up 19%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>Markets around the world surged ahead of the outcome of the U.S. election. Shanghai gained 1.42%, the DAX 2.55%, the TSX 1.78% and the three main American indices 1.78% to 2.06% (the Dow). Moreover, the small-cap <a href=\"https:\/\/stockchase.com\/company\/view\/2581\/IWM-N\">Russell 2000<\/a> leapt nearly 3%, while all the American indices rallied into the close.<\/p>\n<p>Essentially, markets are pricing in a Joe Biden victory and even a &#8220;blue wave&#8221; of the House and Senate. That said, it was uncertain at Tuesday&#8217;s closing bell when exactly the U.S. would count all its votes and declare a winner. Big tech bounced 2%, including <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a>. Except energy, all the Dow components jumped Tuesday, especially industrials such as <a href=\"https:\/\/stockchase.com\/company\/view\/583\/HON-N\">Honeywell<\/a>, up 3.23%, and <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> at 3.4%. It was the strongest election day rally since 1984 when Ronald Reagan returned to office.<\/p>\n<p>On the TSX, there was a green sweep as all sectors enjoyed gains, especially tech (nearly 3%) and financials. Among the heaviest-traded stocks were <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy<\/a>, up 3.74%, the <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal<\/a> at 2.55% and <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> at 2.72%&#8211;energy, financials and cannabis. The latest quarterly report from <a href=\"https:\/\/finance.yahoo.com\/news\/constellation-software-inc-announces-results-220100288.html\" target=\"_blank\" rel=\"noopener\">Constellation Software<\/a> encouraged investors to drive up the stock nearly 5% and <a href=\"https:\/\/www.newswire.ca\/news-releases\/cargojet-continues-its-strong-performance-into-third-quarter-864298666.html\" target=\"_blank\" rel=\"noopener\">Cargojet<\/a> to soar 7.36%. Meanwhile, both a barrel of WTI and WCS climbed one dollar (around 3%), while gold inched above US$1,900\/ounce. Overseas, Chinese tech giant, <a href=\"https:\/\/finance.yahoo.com\/news\/china-suspends-jack-ma-ant-132056363.html\" target=\"_blank\" rel=\"noopener\">Alibaba<\/a>, plunged over 8% on the NYSE, after the Chinese government halted the launch of <a href=\"https:\/\/stockchase.com\/company\/view\/4937\/BABA-N\">Alibaba<\/a>&#8216;s Ant Group, a US$35-billion fintech company.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/2581\/IWM-N\">iShares Russell 2000 ETF<\/a> +3%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> +2%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/583\/HON-N\">Honeywell International<\/a> +3.23%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> +3.4%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3644\/CVE-T\">Cenovus Energy<\/a> +3.74%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal<\/a> +2.55%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> +2.72%<br \/>\n&#x1f4bf; <a href=\"https:\/\/stockchase.com\/company\/view\/3413\/CSU-T\">Constellation Software Inc.<\/a> +5%<br \/>\n&#x2708; <a href=\"https:\/\/stockchase.com\/company\/view\/2836\/CJT-T\">Cargojet Inc<\/a> +7.36%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/4937\/BABA-N\">Alibaba Group Holding<\/a> -8%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Richard Croft\u00a0including Apple (A Top Pick Nov 09\/18, Up 19%) Get Premium to receive all past top picks opinions a few hours before market open. Markets around the world surged ahead [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-197090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/197090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=197090"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/197090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=197090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=197090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=197090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}