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MarketFoolery

Target: Another All-Time High

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 18 November 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

Target’s stock hits an all-time high after a blowout 3rd quarter. Lowe’s falls despite 3rd-quarter sales rising 30%. Ron Gross analyzes those stories, as well as the latest vaccine news, and a pair of secondary offerings from cruise lines.

Transcript

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0:00.0

It's Wednesday, November 18th, the welcome to market foolery. I'm Chris Hill with me today,

0:07.0

the one and only, Ron Gross. Good to see you, sir.

0:10.0

You too, how are you? I'm doing all right.

0:13.0

We've got more retail earnings to get to,

0:15.0

but we're gonna start with a vaccine update.

0:17.4

Pfizer and Bioantec said the final data analysis

0:21.8

on their COVID-19 vaccine found to be 95% effective.

0:28.0

So one more bit of good news on that front, they're planning to submit it to the FDA for final approval

0:35.0

within days.

0:37.0

The submission will be within days.

0:39.0

I think we're all hoping and expecting

0:42.0

that final approval comes maybe sometime later in December.

0:47.6

And you know, we're, maybe we're jaded now as investors after 10 days of this. We're not seeing the wild swings that

0:56.0

we saw a week ago Monday when the initial data came out but we are seeing some movement in the cruise line stocks although it's just not it's

1:07.5

just not necessarily what we saw a week ago Monday in particular carnival cruise lines appears to be having a busy day

1:14.4

they're canceling all of their cruises through the end of at least through the end of

1:19.0

January and yeah plus they have a secondary offering coming.

1:23.0

Exactly. There's a lot to unpack there, but I agree. We're kind of a little bit jaded. We're all vaccine experts now at least when it comes to the stock market.

1:30.0

And so I don't think the huge price swings will happen but this is exciting news I mean

1:36.8

We got it we got to get back to some kind of normal and and every time Pfizer or Moderna or J and J says something it gets exciting and in this

1:46.4

particular case 95% matching the Moderna news great Pfizer says the vaccine is highly effective against the virus 28 days

1:58.0

after the first dose.

...

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