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Goldman Sachs: These 2 Stocks Have the Potential to Rally Over 40%

Joe Biden will become the 46th president of the U.S., and Wall Street is rejoicing. Analysts have previously stated that regardless of the winner, the end of the election will reduce a significant amount of uncertainty, and potentially pave the way for stocks to move higher. Now, investors are waiting to see which party will gain control of the Senate, although it appears that the Republicans are in the lead. This is the favored outcome among investors as a divided government would take the more ambitious policies from either side out of the equation. Against this backdrop, five-star …read more […]

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Biden Win Emboldens Bulls as Emerging Markets Signal Buy

(Bloomberg) — The emerging-market bargain-buyers are in celebration mode. And the party’s not over yet.The prospect of a Joe Biden presidency checked by a divided Congress has gotten everyone from to Eaton Vance Corp. to Medley Global Advisors predicting a fresh boost for risk assets, just a week after the stocks, currencies and bonds of developing nations hit the buffers as the U.S. election approached. BlackRock Inc. says developing-nation assets, which look more appealing in this low-rate world, could benefit from a more moderate leader in the White House. The Biden administration’s policy approach will probably reduce uncertainty, according to …read more […]

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Netanyahu Hails `Warm' Biden Relationship, Thanks Trump

Nov.08 — Israeli Prime Minister Benjamin Netanyahu says he and President-Elect Joe Biden have had a “personal, warm and long relationship” and that he looks forward to working with Biden, as well as with Vice President-Elect Kamala Harris. Speaking today in Jerusalem, Netanyahu also thanks outgoing President Donald Trump “for bringing the alliance between Israel and the United States to unprecedented heights.” …read more […]

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First Stock-Market Reaction to Biden Signals Hope for Healing

(Bloomberg) — Stock markets in the Middle East, the first to trade after Joe Biden’s victory in the U.S. election, are signaling bets the new president will reduce international conflict and push for peace in the region.That optimism outweighed concern that his clean-energy drive could imperil the fortunes of countries whose economies are founded on oil and gas. Stocks in Dubai posted their biggest three-day rally since August. Saudi Arabia extended the longest streak of gains since Oct. 13. The Kuwait gauge closed above its 50-day moving average, while Oman stocks had the first back-to-back advance in a month. Israel’s …read more […]

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How Biden’s Win Affects Commodities Hit by Trade Wars, Tariffs

(Bloomberg) — It’s been a tumultuous four years for U.S. commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda.From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global commodities market eluded Donald Trump’s attention. There was at least one memo, executive order, pronouncement or tweet bringing some sort of attention to uranium, soybeans, and rare earths, the kinds of materials that haven’t received attention from American presidents in years.Now, with Joe Biden winning the election, how will the next U.S. …read more […]