Motley Fool Money Election Drama and New All-Time Highs
Nov 6, 2020
Investors are buzzing as election outcomes reshape market dynamics. Uber faces losses yet celebrates a ballot victory. The Trade Desk shines with soaring earnings, while CVS Health navigates a CEO transition amidst mixed performance. Match Group and MercadoLibre hit impressive new highs, as Upwork impressively rebounds. Clorox's branding strategy proves vital in adapting to market demands. Meanwhile, analysts spotlight potential growth stocks like Alarm.com and Scotts Miracle-Gro, providing fresh insights for savvy investors.
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Long-Term Investing
- Invest in great companies that you believe in.
- Hold them long-term, regardless of market fluctuations or changing administrations.
Senate's Impact
- The Senate's composition may impact legislation more than the president.
- Tax policy and regulations could be significantly affected depending on which party controls the Senate.
Uber's Big Win
- Proposition 22's passage is crucial for Uber and Lyft, allowing them to classify workers as independent contractors.
- This win outweighs Uber's reported losses and is driving the stock's positive performance.