The major indices are all up today following another positive start to the session on Wall Street. A group of lawmakers unveiled yet another stimulus proposal, with a total sum of $908 billion in the wake of last week’s failed talks, sparking optimism among investors that a deal could still be struck this year. According to an FDA report, Moderna’s vaccine candidate was proven effective by the authority meaning that the second serum could soon be approved and distributed amid the continued surge in the number of COVID cases in the U.S. Today, we are ready to make our next move.
Stock Pick Summary:
With our portfolio crushing the market with all our recent picks generating substantial returns already, we continue to take more risks. Today, we make a dent in the property and casualty insurance segment to further diversify our portfolio. The company continues to show signs of consistent growth in US and Europe with a revenue growth of over 80% last year. While the earnings may continue to decline for next few years, we still expect them to be able to grow their revenue by about 30% annually. The stock will remain volatile, with a high risk, but we still gladly welcome it in our high performing portfolio today!
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