Your Tuesday Blip 11/10/20

Your Tuesday Blip 11/10/20

The markets traded in mixed fashion as the Dow gained 262 to close at 29,420 while the NASDAQ and S&P 500 were lower. This shows that money continues to flow out of tech and into value. IBD has markets in rally mode while BTS has now moved to 70% high yield with a bullish outlook for the next couple of months.
The Boeing 737 Max is nearing the time when it could return to the skies. The FAA said today it has entered the final stages of reviewing proposed changes to the aircraft and the gurus are predicting the Max could get the green light as early as November 18th or at least by the end of the month. In other Boeing related news, The Seattle Times reported that Southwest Airlines is in advanced talks to acquire more than two dozen Max jets that had lost their original buyers. During the first half of 2020, Boeing saw order cancelations for 800 737 Max jets.
Home builder DR Horton posted huge numbers. The Texas based company beat expectations with a 26% revenue rise and a profit jump of 64%. Net sales orders soared 81% from a year ago. The company increased its dividend 14% and raised forward guidance to boot. Investors cheered the news and sent shares higher.

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