Elections are uncertain but the market isn't

Well, the election is still uncertain, but the markets certainly are not. We've ended up much higher on the day overall despite the fact that the Presidential election is still far too close to call. The primary reason for this likely is that the United States Senate, which many believed would turn to Democratic control, has "stayed red," meaning that Republicans have (seemingly) maintained a majority. The market likely reads that as good news, as it will prevent extreme policy shifts even in the event that Joe Biden is ultimately declared the President. Voters in California had a difficult decision to make yesterday. They weighed-in on a ballot amendment that would have effectively killed Lyft and Uber within their state by classifying drivers as contractors rather than employees. Uber and Lyft campaigned hard against the measure, recognizing that it would effectively destroy their business in America's most populous state. 58% of California voters weighed in on the side of Uber and Lyft and struck down the proposal, resulting in a corresponding increase in Uber and Lyft shares today. Read the full story in our article below. [Read the Article Here]( (Clicking registers you for the briefing. [Privacy policy]( What's Next? Looking for more on what might come next after the election? The markets seem to have rallied, but will that continue? We took a look at some analysis. [Read more here]( Let's take a look at some European stock news you might not be as familiar with in America. Around the world, coronavirus has made digitalization a big topic in medical technology. Consultations over chat or video may still be foreign to many, but they save time and can be very efficient for diagnosing minor ills. In the past, it has mostly been smaller start-ups that have been running online booking processes or even providing online care. Now larger firms are beginning to invest in these services. Henry Schein, for example, offers a product called Henry Schein One that provides a complete software solution for dental practices, nd is expanding with "teledentistry" (dental consultations over video or chat). Even personal medical observation through fitness trackers and smartwatches is growing; the new Apple Watches 6 and SE and the recently-announced Amazon Halo prove that these types of products are in demand. The market for so-called "wearables" was valued at $33 billion in 2019 and could triple by 2027. The newest generations of these products offer much more than pedometers and sleep analysis, up to and including measuring blood oxygen levels and your pulse. Amazon wants to include another new feature in its Halo smartwatch -- monitors to measure the tone of your voice. All of this data can be used increasingly for medical purposes, and in the future, it may be able to provide automatic diagnoses or detect issues with your personal health. Uncertainty due to Corona crisis The Corona crisis not only causing uncertainty in the field of medical technology but also having myriad other effects on the companies themselves, strongly dependent on their individual areas of operation. On the other hand, companies like Dräger or Sartorius are finding that their products are in higher demand. Sartorius even raised its expectations for turnover growth from 22% to 26%. The EBITDA is expected to increase by 28.5%. For Dräger, their ventilators are the cause of increased profits. It's true that only 1,557 of the 10,000 ventilators ordered by the German government have been delivered and the rest of the order has been canceled for now, but Dräger is not going to lower production capacity, especially while the need in other countries is high. We also have companies whose main source of income relies on in-person visits to doctors' offices, clinics, or hospitals. Suppliers of doctors' offices, like Straumann, or especially of dentists' offices, like Henry Schein, have been hit hard. Patients not going to hospitals would also put pressure on these companies. Coloplast's wound and skincare division has been struggling due to this. Many companies are also able to increase sales when Corona measures are loosened. For some, it's possible that they could make up for losses in previous quarters. However, some are proving too inflexible, by which I mean that they have not been able to reduce production costs appropriately. A portion of production costs has been managed through cutting jobs and hours, but other factors like credit payments and maintenance have continued on as usual. I wish you all good investments always. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.   Daily Profit Publishing, 495 Town Plaza Ave, Ponte Vedra, FL 32081, United States [Update your subscription]( — [Unsubscribe](