Stocks traded choppily Thursday after opening lower, as market participants nervously eyed rising coronavirus cases in major regions throughout the country. Meanwhile, a report showed new weekly unemployment insurance claims were worse than expected last week, with the level down just slightly from the prior week....
For investors feeling perplexed by the stock market’s roller coaster ride in 2020, you’re not alone. Following up a week that saw volatility make a comeback, stocks popped for the third session in a row on June 16, surging on a historic gain in retail sales and progress on a possible COVID-19 treatment. Rumors that the Trump administration is preparing a $1 trillion infrastructure bill also helped fuel the charge forward. That said, the rally came as investors brushed off reports of a cluster of new COVID-19 cases in the U.S. and China.Against this backdrop, finding investing inspiration can seem like a formidable task. The analysts from investment firm Needham, however, argue that even in such a confused financial environment, there are still compelling plays. Recently publishing its list of Conviction Buys, the firm, which scores a top ten spot on TipRanks’ ranking of Top Performing Research Firms, highlights several names...
