September 1, 2020, 11:46 am EDT
Another Strong Day for Technology and Consumer Industries
Zoom (ZM) +33% and WalMart (WMT) +6% represent strength today for technology and consumer industries
- Technology: DOCU +13%, AVGO +4%, NVDA +3%
- Consumer: HOME +21%, CHWY +13%, PLAY +9%, RVLV +6%, NKE +2%
Home prices and sales keep going up during a pandemic also illustrates strong economic activities. It may be contrary to common sense that disasters should be tough for the economy and consumers. But, the other driving forces to fight back downtrend are much more powerful to bring everything upward which are the US government (stimulus, checks, loans, unemployment benefits) and the US dollar.
