Stocks Today: 11.13.2020 – stock market update

Nov. 13, 2020

Good evening everyone! Welcome to a new episode of “Stocks Today”, explaining what forces moved the stocks in the U.S. equity market yesterday (Friday, November 13, 2020).

The S&P 500 performed very well, closing 1,36 % positive reaching a record high of 3.585. Energy and industrial performed extremely well and all sectors of the tue index were positive.

The Nasdaq also closed green, although with a slower growth closing up more than 1%.

Russel 2000 was just amazing! Up 2,08% on the day and up 13% this month, reaching 1.744. That’s also an all time high – the last all time high being in August 2018.

The same also applies to mid-cap, since the S&P 400 was also up 2% on Friday.

Why did the stock market move?

The reason for these movements is to be found in the prolonged enthusiasm for Pfizer’s announcement of an upcoming vaccine, announcement made last Monday. Great expectations are also coming from Moderna and other Pharmaceutical giants. These expectations were also confirmed by the speech held by President Trump’s team on Friday.

Stocks of the day

Investors keep shifting from stay-at-home trade stocks towards so called “recovery stocks”, especially where these can be bought at a low price. The belief is that the light at the end of the tunnel ist getting brighter. On this regard both Amazon and Facebook lost 5% during the week, whereas Zoom lost almost 20%.

Finally Thursday in the aftermarket Disney and Cisco released their quarterly earnings, both beating expectations.

Disney’s loss per share of 20 cents was less than the expected 71 cents per share and its revenue of 14.7 billion higher than the expected of 14.2 billion.


Disney also reported 73 million subscribers to Disney+. After a big rise in the after market, the stock closed Friday up only 2%, the reason being the announcement to suspend the January semi-annual dividend payment.

Cisco Systems’ earning of 76cents a share beat the estimates by 7%. Although revenues declined 9% in comparison to last year, the released revenue of 11.93 billion beat the expectations of 11.85 billion. That’s way the stock did very well on Friday.

That’s all for Friday’s stock market update. Stay tuned to receive your daily update!