The market was up big yesterday as you have already seen. It was up 371 Dow points, and 2.2% on the S&P, erasing 2/3rds of the 9-day losing streak in just one day. The FBI said there was nothing to the hundreds of thousands of Clinton emails and the market rallied big time.
You know, when you see a market like this you have to look at the stocks that did well. Because these are the stocks that will lead as the market moves higher. Amazon (AMZN: $785) was up $30 or 4%. Powerful. Alphabet (GOOG: $783) was up $21 or 2.7%. How about little old Mazor Robotics (MZOR: $23.50) - up $2 or 9%. When you see these big moves you can tell there has been a pent-up demand for these companies and the big up day gives investors fuel to buy the stocks they love.
Twilio (TWLO: $31) on the other hand was down $1 or 3%. Not good. We still believe in this company but it is getting hard to stay with it. UPS (UPS: $110) and Home Depot (HD: $124) were both up a little less than $3 or 2.6%. Fabulous moves for these two stalwarts.
Even our high yield stocks had a good day. Government Properties (GOV: $18.77) added 3% while Digital Realty Trust (DLR: $93) added 2.7%. And good old Annaly Capital Management (NLY) was steady, hardly moving an inch at $10.25, still yielding 10.4%. Love that company.
Well, that’s all for now. Have a great Election Day and may all your candidates win and all your stocks move higher.