My 11-10 WatchList and Morning Outlook

Dear Aspiring Investor, Dow Futures added another 200 points Tuesday. But the NASDAQ and the S&P 500 are sliding due to a rotation out of tech stocks. The gains come a day after one of the craziest days in the market in years. Following Pfizer’s announcement about a potential high-efficacy vaccine, the Dow rallied more than 1700 points, before retreating. The NASDAQ, thanks to a big slump in “At-Home” stocks, actually finished the day in the red. We witnessed a massive rotation out of “pandemic” and “at-home” stocks back into airlines, cruises, and other industries affected by the pandemic. [In my Family Portfolio](, I took 36.2% gains on Wynn Resorts and 23.5% gains on Eventbrite. Yesterday was a reminder that you need to stay active as an investor, and you need to have a long-term plan to accompany your short-term trading. I had been sitting on Wynn and Eventbrite for some time. But both are well-run businesses that I expected to bounce back. Warren Buffett has said that the “stock market is a device for transferring money from the impatient to the patient.” Monday was a reminder of this, which is why I stress the importance of having that long-term approach to accompany any day-to-day trading. I’ve been socking away gains from my short-term trading in 2020 and pouring it into a medium- to long-term portfolio. I think it’s important for [everyone to do the same.]( The Rundown: Today’s Top Market Stories Today’s Outlook On Tuesday, the “Great Rotation” is set to continue. Investors are getting out of Zoom Video (ZM), e-commerce stocks like Shopify and even Amazon, and other tech firms that were benefiting from social distancing, pandemic concerns, and more. What are people buying: Restaurant, airline, cruise, and movie theaters. These are all companies that are supposedly linked to an economic recovery should America get that working vaccine. I expect trading will continue with this trend in the short term. But let me throw some caution out there. This is going to be good for short-term trading. It’s a great time to use momentum to trade winners and losers, and a smart time to set limit orders if a trade goes sideways. However - let me point out three things. Cases Rise Again The United States just surpassed 10 million cases. We’re not out of this yet. In California, cases are rising again. So too are hospital visits. Johns Hopkins reported another 119,000 cases on Monday. States are now progressing with new lockdowns and other limitations as we head into the winter months. It’s not clear how rallying restaurant stocks are going to justify valuations when guidelines and closures eat into profitability. Deployment Challenges Ahead We’re also facing an incredible challenge ahead for deployment. The early weeks of this vaccine - which needs to be constantly stored at Minus 70 degrees - will tell us a lot. Will Americans line up and take the vaccine? An October poll by CNN said that just 56% of Americans will take the vaccine if offered to them. And remember - this is a global crisis. Poorer nations and ones with less infrastructure may struggle with deployment. I do worry that there might have been a head-fake… and as a result, I see... Big Opportunity in Tech Ahead Are people really dumping Amazon (AMZN) and buying struggling hotel REITs like Ashford Hospitality (ASH)? Are they really walking away from Adobe (ADBE) and buying up AMC Entertainment (AMC)? Not for the long-haul at least. I look at some of the beaten-down names in the NASDAQ yesterday and see an incredible opportunity. If this downtrend continues, I’m going to be selling puts into this market as a way to pick entry points on tech stocks that I want to own for years. It would be a blessing to be able to scoop up some of these companies on the cheap and ride them for the years ahead. I don’t think that people are really thinking about the trends right now. I believe that at-home entertainment in Netflix stands to be the model of the future. I expect that E-commerce and Last Mile delivery technology will thrive in the future. Again, this is a reminder to stay active and look for opportunities as they emerge. People who aren’t patient enough to ride out the trends that will remain permanent in a post-virus world are simply doing me a favor. [I’ll buy their tech stocks]( on the cheap all day long... MY STOCK WATCH LIST WMT: When I say I’m watching Walmart, I mean I’m watching Walmart. This company has gained A LOT in 2020. Its digital platform made it a rival of Amazon, something few companies can claim these days. But Walmart also consolidated power as the nation’s largest grocer. It will be very interesting to see how attitudes about a vaccine and “life back to normal” impact this company. The next time that the company reports earnings, I’ll be looking for answers on how it expects customers to change over the next 12 months should the news be true. Many trends that can signal to the rest of the market could come out of its next conference call. I might not own WMT. But it’s a bellwether. DOCU: The stock fell by 14.7% and is still ticking downward. I understand that this stock and other companies like it have been on a run this year. But are we really heading back to the world of notaries and in-person contract signings? I don’t think so. In my view, there is honestly no rush to get back to the way things were when it comes to stupid, inconvenient crap like this. I’d be looking to lock back into Docusign by selling puts in the near future. TEAM: Another really great tech company that took a few hits. Even if people do head back to the office, process management technology and data storage will be critical. Atlassian is a really great company - and they just announced a new IT service management product with a goal of taking on industry darling ServiceNow (NOW). This is the type of stock that I might sell puts on. It’d make a fine addition to [my Portfolio Accelerator](. HT: Hersha Hospitality Trust jumped 51% on the vaccine news on Monday. It’s off in premarket hours. The stock just got downgraded by BMP capital and the consensus on this stock is $5. That’s more than a 30% downside. This is the problem with these wild swings. I will continue to watch little, unknown “recovery” stocks to get a sense of how much the institutions are taking this vaccine seriously or if any sustained rally is being down by the retail crowd. OTHERS TICKERS TO WATCH: WIFI, SNCR, VERI Enjoy your day, Jeff Bishop RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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