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Afternoon Note

Beaten Names Getting Action

By Charles Payne, CEO & Principal Analyst
10/16/2020 1:29 PM

It’s a solid session that really informs on a more determined effort to move away from an over reliance on growth.

The biggest winners are General Electric (GE) and Boeing (BA), and there a fair amount of additional beaten down names getting action. 

The Industrials act fantastic and continue their three months out performance.

The University of Michigan's consumer sentiment rose to 81.2 in October from 80.4 in September and remains way below pre-coronavirus levels.

Current conditions dropped to 84.9 from 87.8 employment growth slows, the Covid-19 infections are rising and there is no stimulus package in sight.

Consumer Sentiment

October

September

Sentiment

81.2

80.4

Expectations

78.8

75.6

Present

84.9

87.8

 
There is still an air of caution, as earning season is just getting underway, and we are less than a month before the election outcome. 

Overall, I am very encouraged by the market.  Have a great weekend.


Comments
I like your show...

MICHAEL DAILY on 10/16/2020 2:47:05 PM
I look forward to reading your comments


Powell Fisher on 10/16/2020 2:47:21 PM
Thanks Charles, I love your show and style


Sal Fiore on 10/16/2020 2:49:38 PM
I love your show and commentary. I tell people at the gym to tune in. Keep up the great work.

Michael Kreps on 10/16/2020 3:06:21 PM
Love you show and your great positive attitude!! We need your positivity because it is contagious and can change everything. Thanks for all you do. I have not obtained your book yet but I so look forward to reading it.
God bless,
Mark

Mark Worley on 10/16/2020 3:08:43 PM
Charles, I have watched you even before your own show, and have continued to watch your show from the beginning. I have made several investments from watching your show, and I have been successful in doing so.
Keep up the great work!
David

David on 10/16/2020 4:14:33 PM
Thank you very much David.† CP

Charles Payne on 10/16/2020 4:21:29 PM
How much of the increased unemployment claims report was due to California catching up on months of unprocessed applications? Likely to continue but misleading.

Neal on 10/17/2020 1:08:03 AM
 

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