{"id":201656,"date":"2020-12-01T18:34:00","date_gmt":"2020-12-01T23:34:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=201656"},"modified":"2020-12-02T10:10:10","modified_gmt":"2020-12-02T15:10:10","slug":"stocks-rebound-on-vaccine-and-economic-news","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-rebound-on-vaccine-and-economic-news\/","title":{"rendered":"Stocks rebound on vaccine and economic news"},"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\/1426\/Joshua-Varghese\">Joshua Varghese<\/a>\u00a0including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/5855\/INVH-N\"><span class=\"company-name\">Invitation Homes Inc.<\/span><\/a> (<strong>A Top Pick Dec 05\/18, Up 45%<\/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>Moderna and Pfizer-BioNTech have both applied for emergency approval of their Covid vaccines. The drugs need to be independently verified first, but the companies reported 95% efficacy in November. This double-headed news propelled markets on both sides of the border Tuesday. The TSX rallied 0.6% and the Dow by 0.62%, while the S&amp;P and Nasdaq hit record highs, climbing 1.13% and 1.28% respectively. Also fueling stocks was news that <a href=\"https:\/\/www.reuters.com\/article\/us-china-economy-pmi\/chinas-factory-activity-expands-at-fastest-pace-in-over-three-years-idUSKBN28A048\" target=\"_blank\" rel=\"noopener\">China<\/a>&#8216;s factory activity in November accelerated faster than expected, while Canada&#8217;s economy rebounded at a record 40.5% in Q3, bouncing back from the deep dive of the Q2 lockdown.<\/p>\n<p>In Toronto, materials and financials jumped. Precious metal names like <a href=\"https:\/\/stockchase.com\/company\/view\/417\/ELD-T\">Eldorado Gold<\/a> climbed 10.49% as the price of gold popped 2%, reversing a recent downward trend. However, the heaviest-traded stock of the day was <a href=\"https:\/\/finance.yahoo.com\/news\/blackberry-shares-rocket-upwards-aws-150922164.html\" target=\"_blank\" rel=\"noopener\">BlackBerry<\/a>, shooting up 18.69% after announcing a deal where the tech company will collect auto data for Amazon cloud services. In contrast, cannabis names plunged after running up recently; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora<\/a> fell over 17%. Meanwhile, Canadian banks are reporting beats with <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">BMO<\/a> spiking 3.42% and <a href=\"https:\/\/stockchase.com\/company\/view\/169\/BNS-T\">BNS<\/a> 2.85%.<\/p>\n<p>On Wall Street, despite a rotation into cyclicals, <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> emerged as the biggest gainer on the Dow, up 3% in heavy trading. <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> also jumped 3% while the <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> rose 3.34%, proving that retail is still alive. However, despite its good news, <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> tumbled 7.68% though <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer<\/a> gained 2.87%. Investors were also buzzing about <a href=\"https:\/\/finance.yahoo.com\/video\/zoom-falls-despite-reporting-blockbuster-181751534.html\" target=\"_blank\" rel=\"noopener\">Zoom<\/a> <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Video<\/a>, this year&#8217;s Covid stock darling, which plunged 15% even after delivering a blockbuster beat the night before.<\/p>\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/417\/ELD-T\">Eldorado Gold<\/a> +10.49%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> +18.69%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5389\/ACB-T\">Aurora Cannabis<\/a> -17%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/161\/BMO-T\">Bank of Montreal<\/a> +3.42%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/169\/BNS-T\">Bank of Nova Scotia<\/a> +2.85%<br \/>\n&#x1f34e; <a href=\"https:\/\/stockchase.com\/company\/view\/4\/AAPL-Q\">Apple<\/a> +3%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +3%<br \/>\n&#x1f9e2; <a href=\"https:\/\/stockchase.com\/company\/view\/537\/GPS-N\">Gap<\/a> +3.34%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> -7.68%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer Inc<\/a> +2.87%<br \/>\n&#x1f4f9; <a href=\"https:\/\/stockchase.com\/company\/view\/6056\/ZM-Q\">Zoom Video Communications Inc.<\/a>-15%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Joshua Varghese\u00a0including Invitation Homes Inc. (A Top Pick Dec 05\/18, Up 45%) Get Premium to receive all past top picks opinions a few hours before market open. Moderna and Pfizer-BioNTech have [&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-201656","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\/201656","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=201656"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/201656\/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=201656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=201656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=201656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}