\n
![\"Get](\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\")
<\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n
Covid cases around the world continue to rise, but stocks bounced back Friday after recent selling. The session closed a wild, euphoric week that pitted a recovery rally against a lockdown pushback. Friday’s session actually saw both kinds of stock rising at once as all the major American indices grained traction into the close. The S&P and Dow both finished over 1.3% while the Nasdaq advanced 1%.<\/p>\n
All the Dow components were in green, from industrials (Boeing<\/a> up 5.88%) to financials (American Express<\/a> 3.5%) to energy (Chevron<\/a> 2.93%). Among consumer names, Disney<\/a> reported a Q4 loss as Covid impacted its theme parks, though Disney<\/a>+ numbers were healthy. The latter helped pushed Mickey’s stock up 2.1%. Meanwhile in tech, Cisco<\/a> beat Q1 estimates in its latest earnings and catapulted 7%. Even travel names enjoyed a lift as Delta Air Lines<\/a> rose 6% and Carnival<\/a> jumped 7.23%. For the week, the Nasdaq slipped 66 points while the Dow gained 4%. In other words, tech stocks (the Covid trade) held on as the recovery rally gained momentum following the one-two punch of the Joe Biden election victory and the Pfizer vaccine announcement that propelled the week. Another sign was the Russell 2000 of small-caps popping 2% on Friday.<\/p>\n The TSX faded slightly into the close, but still came out ahead 0.56% Friday and 2.4% for the week. Tech, industrials and energy lifted the Toronto index, despite the price of WCS tumbling 2.8% and WTI falling 2.3%. Up 4.28%, Cenovus<\/a> was among the many oil stocks that finished the week in the green. American-based Charlotte’s Web Holdings<\/a> surged 11% after reporting its Q3 and riding the wave of the pro-cannabis Biden victory. AutoCanada<\/a> also reported a winning Q3 report and leapt 10.59%. Cineplex<\/a> was upfront about the impact of Covid in its forecast and earnings, and announced creditor relief. Investors rewarded the cinema chain with a 3.77% increase.<\/p>\n 🛫 Boeing<\/a> +5.88% This week, you missed Past Top Picks comments by Hap (Robert) Sneddon\u00a0including Premium Brands Holdings Corp (A Top Pick Jun 07\/19, Down 4%) Get Premium to receive all past top picks opinions a few hours before market open. Covid cases […]<\/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-199247","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\/199247","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=199247"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/199247\/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=199247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=199247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=199247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n💳 American Express<\/a> +3.5%
\n🛢 Chevron Texaco<\/a> +2.93%
\n👸 Walt Disney<\/a> +2.1%
\n📱 Cisco<\/a> +7%
\n🛫 Delta Air Lines Inc<\/a> +6%
\n🚢 Carnival Corp.<\/a> +7.23%
\n🛢 Cenovus Energy<\/a> +4.28%
\n🌿 Charlotte’s Web<\/a> +11%
\n🚗 AutoCanada Inc.<\/a> +10.59%
\n🎞 Cineplex Inc<\/a> +3.77%<\/p>\n","protected":false},"excerpt":{"rendered":"